Mohamed Amin, Chairman of the Board of Directors of “Silver Seas International” for shipping, transport and customs clearance, said that the company aims during the current year to carry out shipping, transport and unloading tasks for new city projects implemented by the state, most notably the New Administrative Capital and Al-Alamein.
It is also planning to contract with new clients, pointing out that its most prominent current clients are “Grovex” for the supply of furniture, and “Pro Time” for office furniture.
He pointed out that the company’s business recorded a decline during the past year by up to 30%, as a result of the decrease in the rate of global trade and the contraction of economic activity, as a result of the closures carried out by some countries, as a kind of precautionary measures taken by some countries to limit the spread of the “Covid-” virus. 19 ”
He continued, that the volume of business in the new cities witnessed a limited contraction, due to the Corona crisis, as a result of the state taking some precautionary measures to limit the spread of the virus and secure workers.
Amin explained that the Corona crisis contributed to an increase in the container handling rate for the electronic products and furniture sector by up to 20%.
He expected that the shipping market would witness an improvement in the second quarter of this year, in light of the discovery of many countries of vaccines against the Corona virus, in addition to an increase in the rates of demand for goods, which contributes to an increase in the number of ships.
The article “Silver Seas International” aims to implement the shipping business for the tasks of new cities projects, it was written in Al Borsa newspaper.