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Restructuring as an approach for the development and change
in the Egyptian shipping companies
Abstract

-This paper discusses an important approach that has affected many aspects of
the success of most business organizations when adopting its application. As

23 ) (2 ) (1 2011

from the leading companies in the Egyptian society that need to be

restructured are the shipping companies, which are considered important and
having a direct impact on some other companies that deal with them.
Here the researcher has monitored the negative effects of the 25th of January
Revolution on the results of many companies operating in the Egyptian
environment, including some of the shipping companies, which were also
affected by the tough economic events that the country are passing by. -As the
shipping companies such as Safaga Deba Line and Nuweibaa Aqaba Line
are facing a hard decline this year in the number of passengers and pilgrims,
which is threatening the shipping industry in both directions, causing heavy
losses daily. It is therefore necessary to search for useful administrative
approaches in the treatment of these problems and the apparent stagnation in
the performance of most of the Egyptian companies.
- The researcher also monitored the negative financial conditions of the
Egyptian shipping companies through the report of the Egyptian Central
Auditing Agency which confirmed that there are many problems that call for
the application or adoption of a new administrative approach which may help
in solving these problems.
-As from the results of this research is that the change that occurs to the
financing and investment structures in the companies of maritime transport is
clearly reflected on the value of trading securities, which also affects their
capital value. Another thing is that the main factor after the application of the
restructuring approach in determining the value of the securities of the
companies, is the stability and excellence of the financial and investment
structures enjoyed by the company, as well as its expected business results
and economic activity.
-This research proposes limiting the fixed assets of the Egyptian shipping
companies, whether the assets utilized in a non-economic, or unused way, and
selling them at remunerative prices without affecting the activity of these
companies, as well as speeding the completion of the projects and
investments that are economically viable and still under implementation, and
on the other hand, freezing and working on getting rid of the projects that are
ineffective. Also, setting the legislative, administrative and investment
requirements needed for speeding the performance inside the Egyptian ports
in accordance with the concepts of modern logistics to achieve the efficiency
of future performance of these companies.

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