Clarksons negotiates with 2 companies to establish fuel station for ships worth $200m

Mohamed Alaa El-Din
3 Min Read
Mohamed Metawi, managing director of Clarksons Shipping Agency

Mohamed Metawi, managing director of Clarksons Shipping Agency, said that the company is negotiating with two international companies, in the field of ship fuel supply, in order to establish a station for ships’ fuel supply in Egypt.

He told Daily News Egypt that the value of investments expected to be injected into the station is estimated to be $200m, however, the final location of the station has not been chosen yet, but it will most probably be established in the Suez Canal Economic Zone (SCZone).

He said that negotiations are currently ongoing with the two companies in order to prepare for an agreement with one of them. “We hope to seal the deal with one of the two companies in 2018,” he added.

He explained that the company is currently witnessing noticeable growth in the field of petroleum and gas. The state has started launching tenders for international companies to carry out petroleum exploration, especially after the demarcation process in the Mediterranean and the Red Sea, which makes the sector filled with investment opportunities. “This is why we are working to utilise these opportunities,” he noted.

The two companies have established an administration for petroleum and gas and it will work to offer gas and petroleum transportation services, in addition to logistical and maritime services to owners of exploration rights, whether as maritime services in the Suez Canal, or in other Egyptian ports. They will also be offering any other services required inside Egyptian maritime borders.

The company has over 47 branches in more than 21 countries across the world, in addition to over 1,500 employees. It has offices in Cairo, Alexandria, Damietta, Port Said, and Suez. They serve the ports of Alexandria, Dekhila, Damietta, and the Economic Authority ports (West Port Said, East Port Said, Adabiya, Sokhna, and Al Tor).

Clarksons participated, with a delegation of its young people of different nationalities, in the World Youth Forum, headed by Essam Balla, the company’s regional director, with the aim of holding discussions, exchanging ideas, and passing on the experience of the company in the fields of training, consulting, and maritime services.

Share This Article
Leave a comment