Bahri, SCZone implement 2016 agreement to establish a joint navigation company

The National Shipping Company of Saudi Arabia (better known as Bahri) and the Suez Canal Economic Zone (SCZone) began implementing yesterday a 2016 agreement to establish a joint Egypt-Saudi navigation company, Al Shorouk reports. The company, which would be based in Egypt, would transport products and materials required to develop the SCZone. The agreement also includes setting up a separate joint company to provide marine services passing through the Suez Canal, and would require Bahri to transport all of its goods via the canal.