Egyptian line seeks newbuild series in China

Shenzhen: Senior management from IACC Shipping, the Egyptian containerline, is in China at the moment looking to order a series of boxships.

IACC has two 2,000 teu ships in its fleet at present which trade between Egypt and Saudi Arabia. Plans have been laid out to order a series of 2,500 teu ships in China, GulfShip News can exclusively reveal. These new vessels will trade further afield in the Middle East region.

IACC Shipping is part of the IACC Group, which can trace its roots back to 1979. The group, controlled by the El Ahwal family, is also involved in logistics, warehousing and ship agency. [16/10/13]

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