| Chambers of shipping are erected in the ports to
participate in improving the conditions and status of the maritime economy. They give members the
opportunities to play effective roles in policy and decision making in all the aspects that concern that
sector. They seek solutions to the technical and economic problems that impede the progress of those
involved in maritime transport activities and their development. These chambers sponsor maritime
economic activities, not only those of maritime economy, but this sponsorship extends to embrace this
sector’s relation to the national economy as a whole. It is very well-known that seaborne trade
constitutes 85% of world trade. Therefore, the importance of the chambers of shipping stems, in fact,
from the volume of activities that they are established to serve.
The Suez and Red Sea area now witnesses development movements, as a port and an industrial and
commercial zone are being planned and constructed in North West of Suez Gulf. This will turn this piece
of land into one of the vital business bases as a port and its supporting hinterland. Therefore, the
inception of the Suez and Red Sea Chamber of Shipping comes at the right time accompanying these economic
developments to serve them on the strategic level. |
The Suez &
Red Sea Chamber of Shipping was established – as the chambers of shipping in Alex, Port Said and Damietta
– in accordance with the Ministerial Decree No 30/1999. That decree has put those chambers in their right
place in the maritime transport sector, the port activities and the shipping industry in general, as
those chambers had already existed in our ports before and up to the 1960’s of this century.