JAPAN's MOL Liner Ltd and El Baraka have formed a joint venture company in Egypt to support and develop customer relations for the shipping line's container division.
The decision is part of a strategy for MOL to grow closer to customers and to identify business opportunities within Egypt.
The new offices located in Cairo, Port Said and Alexandria started operations on October 1.
MOL area director Jochen Veldmann said the company made the decision to move to a joint venture arrangement in this important market to have people solely dedicated to the company. Its previous partner in Egypt had been Inchcape Shipping Services (ISS).
"We will be much better positioned to respond to customer needs, improve service quality, and offer full-network coverage in the region," said Mr Veldmann in a company statement.
MOL, El Baraka and ISS will work closely together during the transfer of operations to ensure a smooth transition and ISS will continue to support the Japanese shipping company's business in East Africa where cooperation in Kenya, Tanzania and Uganda has existed for years.
WORLD SHIPPING
08 October 2014 - 21:11
MOL's joint venture with El Baraka starts operation in Egypt
JAPAN's MOL Liner Ltd and El Baraka have formed a joint venture company in Egypt to support and develop customer relations for the shipping line's container division.
WORLD SHIPPING
08 October 2014 - 21:11
MOL's joint venture with El Baraka starts operation in Egypt
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