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MAY May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made electric cargo transport vehicle. 1-4 May (Monday-Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 4 […]
Author Archives: enterpriseam admin
Posted inWhat we're tracking today
TODAY: Qatar to switch 35% of vehicles and 100% buses to electric by 2030 + Suez Canal Authority adjusts fixed rebates for vessels altering their destinations + Kuwait extends deadline for railway consultancy contract
Good morning, friends. The region appears to still be shaking off the Eid cobwebs as we ease back into the flow of things, giving us a relatively quiet morning in the world of Logistics. THE BIG LOGISTICS STORY- The Salalah Freezone has signed an OMR 88.5 mn (USD 230 mn) investment agreement with Chinese silicon […]
Posted inZones
Salalah Freezone signs USD 230 mn investment agreement with Chinese silicon company for production plant
The production capacity of packaging paper annually will be 300k tons
Posted inTrade
Tunisia is now ready to implement AfCFTA agreement
Any business wanting to trade within the freetrade area can now use an AfCFTA certificate of origin document
Posted inThe Big Read
Russian oil exports are helping the UAE become a major crude oil hub
Well-developed maritime shipping and ins. sectors are the UAE’s golden ticket
Posted inLogistics in the News
UPS reports lower 1Q 2023 revenue as freight volumes remain strained
UPS’ revenues fell 6% y-o-y in 1Q 2023 to USD 22.9 bn, according to the company’s earningsrelease (pdf). The quarter’s revenues fall short of analysts' average estimate of USD 23 bn, which “demonstrates that the economy is slowing and the company is seeing volume risk in 2023,” Third Bridge analyst Anthony DeRuijter said, Reuters reports. […]
Posted inAlso on Our Radar
Egypt’s AAST to roll out locally-made electric cargo EV next month
AAST to launch two models of light EVs over the coming six months: Egypt’sArabAcademy for Science, Technology and Maritime Transport (AAST) is working to start rolling out its first locally-made electric cargo transport vehicle next month, Dean of Applied Research at the AAST Mohamed El Ghamry told Egyptian state-run MENA news agency. The car aims […]
Posted inAround the World
US wants a blanket ban on exports to Russia
The US is pushing for a complete export ban on Russia: G7 countries are considering a US proposal for a blanket ban on exports to Russia as western nations look to tighten the screws on the Russian economy, the Financial Times reports. EU and Japanese officials have distanced themselves from the idea, with one official […]
Posted inCalendar
APRIL 25-27 April (Saturday-Monday): World Cargo Symposium, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. MAY May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made […]