ICS and Suez Canal Authority Formalize Agreement for Greater Cooperation

The Suez Canal Authority (SCA), the Egyptian state-owned entity responsible for operating and maintaining the Suez Canal, and the International Chamber of Shipping (ICS), representing 80% of world’s merchant fleet, have agreed to work towards increasing information sharing and “negotiations on the movement of global trade through the Canal” under a Memorandum of Understanding (MOU) signed between the two parties today at the SCA head office in Ismailia, Egypt.

View entirety: gCaptain