Maersk Line to collect payment in EGP equivalent of USD in state-owned ports

Maersk Line has reportedly begun issuing invoices for loading and unloading in state-owned ports in USD that are to be collected in EGP equivalent according to the daily exchange rate, Al Borsa reported. In private ports domestically, Maersk Line, the world’s largest shipping company, accepts payments in USD, the company said, citing the exchange rate volatility as a concern.