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FORTNIGHTLY EDITION

Monday 5, August 2002
Vol 1 - Issue 04

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Morocco plans Arab corporation for maritime transportation

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Rabat: In a bid to curb dependency on foreign trade vessels, Morocco’s Ministry of Transportation has contacted several of its Middle Eastern counterparts to discuss possible co-operation in launching an Arab Corporation for Maritime transportation. The ministry envisions the establishment of a transport firm linking east to west under the Agadir Accord, a free trade agreement that seeks to boost trade between Egypt, Jordan, Tunisia, and Morocco. The partnership will also include Algeria. In the wake of the September 11 attacks, global insurance companies declared the Middle East region a war zone and was subject to high-risk premiums. Shipping companies operating in Jordan’s Aqaba Port raised their fees in order to cover a 12.5 per cent war risk premium surcharge, levied by international insurance companies for steering in a declared war zone.

posted 5^th Aug 02

Ship suppliers’ forum in Dubai

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Dubai: The 2002 International Ship Suppliers Convention will be held in Dubai from October 4 to 6, it was announced. The conference is being organised by the International Ship Suppliers Association (ISSA), which represents 2,000 ship suppliers throughout the world and works to ensure fair trading and best practice within the industry. According to the UAE National Ship Suppliers Association, the convention will be a global gathering of the ship supply industry and will attract an experienced and influential audience, including high-profile representatives and key decision makers. The event gathers between 300 and 400 senior executives along with purchase managers and owners and this year there will be a strong presence from the Middle East region. Participants will discuss vital issues concerning ship suppliers and ship owners.

posted 5^th Aug 02

Fujairah FZA attracts $270m foreign investments

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