Red Sea Ports Authority approves restructuring maritime companies’ debts

The Red Sea Ports Authority approved restructuring the debts of maritime companies in a bid to keep the companies’ business and attract more companies to the port, Al Ahram reports. No details were provided on the names of the indebted companies or the value of the overdue payments. The move is the latest efforts to make maritime industry more attractive following five major shipping lines exiting the port of East Port Said over taxes.