" " / : . 25 . - - . . .Restructuring as an approach for the
development and change in the Egyptian shipping
companiesAbstract-This paper discusses an important approach that
has affected many aspects of the success of most business
organizations when adopting its application. As 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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