Saturday, March 6, 2021

Chairman of the Alexandria Commercial Air Cargo Committee: Expectations of fluctuation in freight and freight prices during the first half of 2021

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Engineer Mohamed Ahmed, head of the Air Cargo Committee at the International Transport Division at the Chamber of Commerce in Alexandria, expects the fluctuation of freight and freight prices until next June, especially that there is an expected decrease in the rates of exporting agricultural crops during the coming period.

He pointed out that the Civil Aviation Authority is on its way to open the door for registration for new companies on the first of March 2021, for a period of one month only, and that the division has addressed all the member companies of the division wishing to register by preparing the necessary papers and documents; He explained that the civil aviation authorities have specified in the papers that must be submitted for registration, a commercial register in which the international shipping activity exists with a source capital of one million pounds only, in addition to a tax card in which the activity is international shipping, and 2 trainees for the company who have a certificate of the basic and dangerous goods course, with the last budget For the previous two years, they contain a profit, indicating that for new companies an opening budget is made for the last 6 months with a certified accounting firm.

The Head of the Air Cargo Committee stressed the necessity of the IATA and VATA certificates and the International Transport Services and Logistics Division, if any, with a CV for the company in this field, provided that the files are submitted to the Civil Aviation Authority’s customer service.

He said that the air freight sector suffered many losses during the past year 2020, estimated at about $ 500 million, as a result of the repercussions of the spread of the Coronavirus pandemic that affected all economies of the world, noting that air freight prices increased during the past year 2020 by 400%.

The Chairman of the Air Cargo Committee stated that the Corona virus vaccine has not achieved its full effect at the level of some countries, especially that the reasons for travel so far have had many restrictions due to the lack of preparedness of the vaccine by 100%, which affected the work of air traffic and reducing the number of flights, which contributed to affecting the movement of the market The navigator.

He added that many meetings were held in the presence of the International Transport Division and airlines, and it was agreed to reduce prices to facilitate the movement of trade again, explaining that the country had succeeded in passing the season of exporting strawberries abroad during the last period without obstacles.

He pointed out that the price of the 40-foot container was reduced to 5,000 dollars, concluding that the price increase in the last period was due to the foreign holidays of European and Asian countries, which contributed to the accumulation of containers in the ports until they contributed to the madness of prices, as the price of the container reached 7000 dollars.

The head of the Air Cargo Committee expected that Egypt would be among the countries to be economically recovered in the shipping market in particular and all sectors in general.

He added that the new electric train line, which will be implemented by the German company Siemens, is a national project that will represent a great addition to the transport network system in Egypt, both for the movement of Prime Time Zone and goods and for facilitating trade, as it will connect the Red Sea and the Mediterranean coasts through the New Administrative Capital and a number of other major cities, which will enhance development efforts in Egypt. Egypt.

The article, Chairman of the Alexandria Commercial Air Cargo Committee: Expectations of fluctuation in freight and freight prices during the first half of 2021 was written in Al Borsa newspaper.

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Chairman of the Alexandria Commercial Air Cargo Committee: Expectations of fluctuation in freight and freight prices during the first half of 2021