Posted inAround the World

Indonesia + US could sign mineral trade agreement. PLUS: Bulgaria closes borders to Russia

Indonesia to propose a limited minerals trade agreement with the US: Indonesia will propose a freetrade agreement covering US access to minerals needed for EV batteries, including nickel, from Indonesia’s reserves, Reuters reports. This follows a similar agreement between Japan and the US to trade in minerals, as part of increased efforts by the US […]

Posted inCalendar

APRIL 16 April (Sunday): Qatar’s Nakilat releases their 1Q 2023 financial results. 18-20 April (Tuesday-Thursday): Intermodal Africa, Durban International Convention Centre, South Africa. 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 handover a new 1k-meter container berth to […]

Posted inWhat we're tracking today

TODAY: KSA plans to privatize 14 logistics, transport projects + UAE, Vietnam to sign trade + economic agreement

Good morning, wonderful people. We have a packed issue for you this morning, with updates from Saudi Arabia on infrastructure projects, and the World Trade Organization’s latest trade outlook report coming out. Let’s dive in. THE BIG LOGISTICS STORY- Saudi Arabia has offered up some 14 projects in the logistics and transport sectors to private […]

Posted inThe Macro Picture

MENA’s exports grew in 2022, but WTO sees growth weakening in 2023 amid a global slowdown

The MENA region’s merchandise exports grew 9.9% y-o-y in 2022, well above the world average of 2.7% annual growth, amid heightened inflation and soaring commodity prices, according to the World Trade Organization’s Global Trade Outlook and Statistics Report (pdf). The region made strides in trade of both merchandise and commercial services, as well as in […]

Posted inLogistics in the News

Western sanctions on Russian fuel = more costly trips for energy shippers

Western sanctions on Russian shipments have disrupted global energy shipping patterns, forcing global fuel suppliers to resort to longer and pricier routes to transport diesel and other products, Reutersreports. Tankers transporting clean oil products are traveling between 16-18 days to transport Russian cargoes to Brazil or US cargoes to Europe due to the EU’s sanctions […]

Posted inAlso on Our Radar

UAE + Canada expand air transport, while Iraq launches new air routes and RJA resumes flights with Brussels. PLUS: News from Dubai’s VMS, Yango, Morocco, CAFU and Saudi

AVIATION- UAE and Canada to expand air transport: Flights between the UAE and Canada will increase 50% to 21 flights per week under an expanded air transport agreement, helping create new routes between the countries. (Statement) Iraq prepares to operate three new air routes: Iraq plans to operate three new routes to Bahrain, Malaysia, and […]

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