New maritime route to increase trade competitiveness of Jordan, EgyptShare This News Story:CAIRO : The newly announced shipping route, dubbed the Arab Line for Maritime Transport, that links Egypt, Jordan, and Iraq, and launched recently by the Arab Bridge Maritime Company, continued to operate and facilitate the transportation of goods, essential commodities, and Jordanian exports destined for the United States and European countries, amidst the recent disruptions to maritime shipping routes due to geopolitical tensions. Naji Al-Ali, a maritime expert and the director of the Aqaba office for CMA CGM and CEVA LOGISTICS, stated that the route commenced operations in the past few days, transporting Jordanian exports to various European countries through the vessels of the Arab Bridge Maritime Company in Aqaba. The shipments reach the Egyptian port of Nuweiba and then proceed to the Mediterranean ports, affirming that the route enhances the competitiveness of Jordan and Egypt, enabling them to play a pivotal role in supply chains and trade routes. It also diverts a portion of trade from northern Saudi Arabia and eastern Iraq towards this route. These events have negatively impacted shipping prices, experiencing a significant increase of approximately 200 percent.
