Maersk Egypt has refused to set a fixed exchange rate on its shipping prices and will instead be charging at the market rate, Maersk operations manager Mohamed Khattab told Al Mal reports. The company said that it will be issuing invoices for loading and unloading in the Damietta and West Port Said ports in USD, and will be collecting the payments in the EGP equivalent according to the exchange rate on the day of payment. The company wants to avoid substantial losses if it sets a fixed rate, said Khattab.

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