Dry CargoMiddle East

Egyptian grains giant to develop own fleet

The Egyptian government has given the go-ahead for state-run grains buyer, the General Authority for Supply Commodities (GASC) to co-found a bulk shipping company.

The new shipping company, called Atlantic Pacific Company for Shipping and Trade, will now set about building a fleet of owned vessels.

GASC tenders frequently for vegetable oils and wheat, of which it is the world’s largest buyer.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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