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The company will design and fabricate four 140-meter multipurpose vessels and 18 specialized support units, including tugboats and pilot boats
Author Archives: logisticseditor
Posted inAlso on Our Radar
China’s Zenith Group to invest USD 300 mn in SCZone tire-component plant
Plus: Agility Logistics Park will invest USD 30-35 mn to build a 53k sqm regional distribution center in the SCZone
Posted inPorts
Marsa Maroc to nearly double TC3's capacity under new 20-year concession
The immediate TC3 target is to lift annual capacity from 600k TEUs to 900k TEUs by 2030
Posted inBids + Buyouts
XRG completes its stake buildout across all five Rio Grande LNG trains
XRG now pairs its equity stake with a 20-year offtake agreement from Train 4
Posted inAlso on Our Radar
DP World opens a Sokhna distribution hub + Egypt signs a transport-corridor MoU with Turkey
Stories on our radar this morning from around the region
Posted inLogistics in the News
How the market that cried shortage is turning into a surplus
What happens next depends on the US-Iran agreement, Opec, and China
Posted inFunds + Flows
European Investment Bank commits EUR 365 mn to Morocco’s transport
The rail network will also receive a EUR 15 mn EU grant to fund climate resilience measures.
Posted inPorts
CMA CGM, Asyad Group to build a USD 400 mn logistics terminal at Sohar
The two firms will be jointly developing, managing, and operating the facility
Posted inAlso on Our Radar
BOC leases three more jets to Qatar Airways + DP World cranes up at Tartous + Nesma rebrands as flyplus
Stories on our radar this morning from around the region
Posted inThe Lede
AGL bids to fully acquire and delist Egytrans Nosco
The high-end of the offer represents an 18.4% premium to Egytrans Nosco’s Monday close of EGP 10.35, valuing the company at EGP 2.76 bn, by our math