Global Cargo System targets 20% business growth in 2021

We expect this year to witness some business improvement: Dina Abd El Sadek

Decrease of shipping costs requires solving container shortage crisis

Maritime sector possess 70% of company’s business with total 4,000 containers: EmadAbd El Sadek 

Global Cargo System (GCS) aims to expand in shipping of agricultural crops and food products during the current year.

GCS’s General Manager, Dina Sadek, said that the company targets to expand its business in the export sector, besides shipping Egyptian imports, in accordance with the government's strategy to increase exportation.

She noted that opening new markets requires joint efforts from Egypt’s chambers of commerce and their counterparts in targeted countries.

Dina stressed that the state should support shipping companies in the first phase of exporting to new markets, to increase the competitiveness of Egyptian products.

She added that the company aims to maximize its role in customs clearance, and is constantly following new laws and customs procedures in order to help its customers.

“The company’s role is not limited to delivery, but we also provide corporate consultation,” Dina noted.

She mentioned that global commerce and commodity trade started to improve between countries and to recover largely during the last quarter of the pandemic year of 2020.

She said whilst there’s an improvement, the container shortage crisis still exists, resulting from closure procedures all over the world during the pandemic’s first wave, with scores of containers stuck at ports until the moment.

Moreover, GCS’s Managing Director, EmadAbd El Sadek, said that the whole world has been hit by the pandemic, and logistics and maritime shipping sector was hit even harder.

The company was forced to close its branch in England due to travel difficulties and aviation halt, as COVID-19 was the only factor affecting trade activity, he added.

Emad expected that the market would be affected by the rising costs of shipping and raw materials, especially after the cost of shipping one container spiked from $1,800 three months ago to $10,000-$12,000, from China to Egypt, and to $15,000 from China to Morocco.

The company transfers about 4000 containers per year, he said, adding that maritime shipping possesses as much as 70% of the company’s business, while air freight accounts for the rest.