Media report on the efforts and development of the Holding Company for Maritime and Land Transport since its transfer to work under the umbrella of the Ministry of Transport on 8/3/2022
The Holding Company is a leading model in the field of transportation and logistics services with integrated and innovative solutions The Holding Company for Maritime and Land Transport, affiliated to the Ministry of Transport, issued a media report on the companys efforts since transferring its affiliation to work under the umbrella of the Ministry of Transport on 8/3/2022. The report indicated that Lieutenant General Engineer / Kamel Al-Wazir - Minister of Transport - directed to develop an urgent and comprehensive plan to advance and develop all affiliated companies and provide them with all modern equipment and units, restructure some companies, and implement a plan to rehabilitate, train, and educate the human element as one of the factors for the success of the system. - And where the Holding Company for Maritime and Land Transport and its subsidiaries were able in just two years to achieve distinguished business results and provide distinguished services according to the highest standards of quality and efficiency, as the preliminary financial results for the fiscal year 2023/2024, and the results achieved during the fiscal year 2022/2023 compared to the results achieved during the previous year show this great development in the results achieved according to the following: - Total revenues of the holding company according to the preliminary indicators for the fiscal year 2023/2024 Amount of 4.117 billion pounds compared to total revenues of 1.953 billion pounds in 2022/2023, and compared to total revenues of 1.480 billion pounds in 2021/2022, an increase of 111%, And 178% over the previous two years respectively - Final net profit for the fiscal year 2023/2024 amounted to 3.223 billion pounds Compared to EGP 1.380 billion for 2022/2023 and EGP 1.185 billion for 2021/2022, an increase of 134% and 172% over the previous two years, respectively. - This was achieved as a reflection of the financial results achieved by the holding companys subsidiaries, as total revenues in the subsidiaries for 2023/2024 amounted to EGP 17.640 billion, compared to EGP 12.884 billion for 2022/2023, and EGP 8.105 billion in 2021/2022, an increase of 37%, and 118% over the previous two years, respectively. - The net profit of the subsidiaries amounted to EGP 10.551 billion in 2023/2024, compared to EGP 6.668 billion in 2022/2023 and EGP 3.283 billion in 2021/2022, an increase of 58% and 221% over the previous two years, respectively. - The report indicated that these achieved results are due to the efforts made in only two years, during which the implementation of restructuring plans and the development of work systems and assets of the companies affiliated with the Holding Company for Maritime and Land Transport began as follows: 1- Container and cargo handling activity: The Holding Company for Maritime and Land Transport contributes to (3) companies operating in the field of container and cargo handling (Alexandria Container and Cargo Handling - Port Said Container and Cargo Handling - Damietta Container and Cargo Handling), which were able to achieve an increase in the final net profit in 2023/2024 by an amount of 7.4 billion pounds over 2021/2022, 2022/2023 - Port Said and Damietta Container Handling Companies also achieved an increase in the number of handled containers by 395 thousand containers over 2022/2023, and 791 thousand containers over 2022/2023 - in light of the implementation of restructuring plans, raising efficiency and supplying 3 RTG giant yard crane and 3 STS giant quay cranes in addition to deepening and dredging the quays, increasing the depth, attracting international shipping lines, and rehabilitating the yards while improving operational processes through the application of the latest electronic operating systems. -2- 2- Maritime Transport Activity: The National Navigation Company, with its fleet, succeeded in securing the transport of imported wheat to Egypt - The company also took measures to modernize the transport fleet within the framework of supporting the national fleet with high-tech ships that are in line with current and future market needs, and added the ship Wadi Al-Muluk, which was honored by His Excellency President Abdel Fattah El-Sisi raising the Egyptian flag on it. It is a modern dry bulk ship, class (BULK), model "Kamsar Max", with a capacity of 82.3 dead tons, a length of 229 m, a width of 32.25 m, and a maximum draft of 14.5 m. The ship complies with all the requirements of local and international supervisory bodies and commercial operation; It is equipped with the latest modern technical technologies in terms of machines, generators and advanced navigational devices. The company also purchased the ship Wadi El Arish to the marine fleet with a total capacity of 82 thousand tons, and is considered the jewel of the national commercial fleet due to its equipment and navigational devices with the latest technologies and international models, and also for its compliance with environmental requirements. The ship is 229 meters long, 32 meters wide and 14.5 meters deep. The ship supports the Egyptian commercial fleet in securing and transporting strategic goods imported to the Arab Republic of Egypt, especially wheat, on behalf of the General Authority for Supply Commodities. The company was keen to contract to build a number of new ships and restructure the system for evaluating and appointing marine crews on ships with the use of ERP applications. Verson. CFM This is within the framework of implementing the presidential directives to restore the strength of the Egyptian commercial fleet and to achieve the greater goal of transforming Egypt into a regional center for transportation, logistics and transit trade. The report indicated that this support with these ships led to an increase in the companys net profit to $54.07 million during 2022 compared to the profit in 2021 of $50.96 million and the profit in 2020 of $21.5 million. 3- Loading and unloading activity: Suez Automated Loading and Unloading Company achieved an increase in net profit in 2023/2024 by 139% over 2022/2023 and by 300% over 2021/2022 by working to develop performance, exploring ways to grow revenues, and supporting the companys equipment by purchasing 3 clarks with different loads and renewing the contract with the Red Sea Ports Authority to exploit 3 yards in Safaga Port to use them for storing goods and cars in addition to carrying out loading and unloading work within them - it also agreed Q on the management of the model warehouse at Safaga Sea Port with an area of 5900 m2 for a period of five years starting from 10/2/2022. 4- Storage activity inside and outside the customs district: The Egyptian General Warehouses Company establishes, manages and exploits public warehouses, yards and free zones - The companys total initial revenues for the year 2023/2024 amounted to 655 million pounds, and the net profit amounted to 166 million pounds. 5- Navigation Agency and Customs Clearance Activity: As part of the restructuring efforts after transferring the affiliation to the Ministry of Transport, the Canal Shipping Agencies Company reactivated the shipping agent activity, expanded the storage activity, and opened new business areas in the logistics services activity. Re-operated the Arish branch to provide the companys services to port customers, with the addition of new activities to increase revenues (logistics areas management and operation activity - real estate investment activity). The Holding Company for Maritime and Land Transport also took measures to merge companies (Abu Simbel and Taiba Shipping Agencies - Amon Shipping Agencies - Memphis Shipping Agencies in Abu Simbel and Taiba Company to implement restructuring procedures for the aforementioned companies to benefit from the advantages of the merger process in establishing strong entities capable of competing and developing revenues. 6- Supplies and Marine Works Activity: The Egyptian Company for Supplies and Marine Works, after transferring the affiliation to the Ministry of Transport, made efforts to develop the companys revenues, as total revenues in 2023/2024 amounted to 445 million pounds, compared to 379 million pounds for the year 2022/2023 and against 100 million pounds for the year 2021/2022, with an increase of 17% and 345% respectively, as a result of purchasing 2 launches to increase the activity of supplying ships at the Port Said branch - expanding in many activities, including the activity of buying and selling scrap and stagnant, retrieving and scrapping sunken ships - and the activity of safely disposing of hazardous waste - and the activity of works and carrying out sanding, painting and cleaning works for marine unit tanks. The company also implemented an electronic invoice system and purchased 50 computers to link the main center to the branches and implement civil protection procedures for the companys warehouses. 7- Passenger transport activity: The Holding Company for Maritime and Land Transport has three companies operating in the field of passenger transport between governorates, namely (Egypt for Transport and Tourism EG BUS - East Delta for Transport and Tourism - West and Central Delta Bus for Transport and Tourism) that provide their services to transport passengers between the governorates of the Republic on regular lines with various levels of service and buses equipped with modern technology and passenger stations spread throughout the governorates of the Republic. The Holding Company for Maritime and Land Transport has adopted a comprehensive development and modernization plan for the three passenger transport companies, which was approved by His Excellency Lieutenant General / Minister of Transport, including granting financing to companies to implement the strategic plan with a total amount of 1.706 billion pounds according to the following: Contracting to purchase and supply 48 MAN Kastor buses with a total amount of 354 million pounds. 10 buses have been received and the supply is being completed.§ Contracting to supply 100 Yutong buses produced by El Nasr Automotive Company with a total amount of § 1.050 billion pounds, with 50 buses for each of the East Delta, West and Middle Delta companies Restructuring and upgrading 382 buses in stages In addition to upgrading the efficiency of service stations and maintenance workshops§ 8- The Holding Company for Maritime and Land Transport contributed to the capital of Akta Public Transport Company, which provides passenger transport service within the administrative capital with 50 buses operating on clean electric energy - The holding company also contributed to the capital of the Egyptian Bus Rapid Transit Company (EGYPT - BRT) by financing the purchase of 100 electric buses to transport passengers on the Ring Road, as part of the states orientation to provide transportation services using clean and environmentally friendly means. 9- Freight transport activity: The holding company implemented procedures to restructure the five freight transport companies affiliated with the Holding Company for Maritime and Land Transport and merged them into the Nile Freight Transport Company to create a strong entity capable of providing freight transport services with the highest standards of quality and efficiency required, which led to an increase in the quantity of goods transported and thus the revenues achieved - as total revenues amounted, according to the preliminary results for the fiscal year 2023/2024, to 234 million pounds, compared to 178 million pounds for the year 2022/2023, an increase of 35% over the previous year. The plan to develop the freight transport fleet is being completed by supporting the transport fleet, as a contract was signed to purchase and supply 50 tractor heads / and 53 semi-trailers. -4- 10- Activity of establishing, operating and managing garages: Through the Egyptian Company for Integrated Projects, which was able, after transferring its affiliation to the Ministry of Transport, to raise the efficiency of the Cairo Land Port project in Tarjuman at a cost of 14,344 million pounds, which led to an increase in the final net profit for the year 2023, as it amounted to 8,284 million pounds, compared to 4,259 million pounds for the year 2022 and 1,400 million pounds for the year 2021, with an increase rate of 95% and 491%, respectively. 11- In addition to the Holding Company for Maritime and Land Transport contributing to many companies with various activities as follows: The Egyptian Company for Maritime Transport Works (Martrans) - South Valley Development Company - The Egyptian Group for Multipurpose Terminals Company - The Egyptian Fund for Finance and Investment Documents Company - The Arab Maritime Company for Petroleum Transport - as well as newly established companies such as the Egyptian Logistics Zones Company, the Suez Canal Company for the Development of Seaports, the Berenice Seaport Company, and the Gergoub Seaport Company, which operate in various activities (logistics services - management and operation of cargo and container handling stations - management, operation and maintenance of seaports ..... etc.). 12- The Holding Company believes that human resources and Technology systems are the most important assets needed to accomplish its activities and businesses, and investing in them is one of the most prominent components of success and growth. Therefore, in the field of human resources development, the company has implemented 9 courses for the International Professional Trainer (CIPT) from the University of Missouri / and graduated 128 international professional trainers from the holding company and its subsidiaries. 11 training courses were held with a total of 6425 trainees from the employees of the holding company and its subsidiaries. 130 drivers and technical workers were trained in passenger transport companies. The holding company has also developed 10 organizational structures in the holding company and its subsidiaries, restructured wages, and prepared a guide to measure commitment to implementing internal auditing and governance. In the field of information systems and information technology, after transferring its affiliation to the Ministry of Transport, the company has designed and implemented a number of applications, the most important of which are (activating and operating electronic reservations at stations and electronic collection for passenger transport companies - implementing and activating the operation and movement system and issuing invoices for the freight transport company, etc.). 13- Intellectual Property Rights: The Holding Company for Maritime and Land Transport has obtained intellectual property rights certificates issued by the Information Technology Industry Development Agency of the Ministry of Communications and Information Technology in each of: An electronic application for booking bus tickets for companies affiliated with the Holding Company for Maritime and Land Transport, which operates through the companies booking offices HCMLT Booking web App ISO 9001 -2015 / ISO 45001 - 2018 / ISO 14001 - 2015 |