Bahri inks non-binding MoU with Suez Canal Authority for cooperation in establishing a joint venture

Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Egyptian Authority responsible for the canal facility’s affairs, a key global shipping lane… read more on maritimafrica.com

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Egypt: opening of a bus assembly plant co-built by two Chinese and Saudi companies

A new bus assembly plant, co-built by two companies, Chinese and Saudi, has started production in Egypt’s new city of Suez, and the first buses produced by this plant are expected to roll off the assembly lines soon. Speaking at a delayed inauguration ceremony held in the city on Tuesday, Hamed Al Mutabagani, chairman of the Saudi company ATM Misr, said the plant was designed with an annual production capacity of 500 buses. The plant covers an area of 164,000 square meters and is equipped with advanced assembly lines, warehousing,…

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The Sea Waybill (SWB)

Created in the early 1980s to correct the disadvantages of the bill of lading, the Sea Waybill (SWB) is a non-negotiable transport document issued by the maritime carrier. The SWB is a document evidencing the contract of carriage and the characteristics of the goods loaded but does not represent the goods. As it does not represent the goods, it is merely a receipt for the goods. However, like any commercial document, it has advantages and disadvantages. Advantages of the Sea Waybill …read more on maritimafrica.com

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