ZONES-

Port Said receives 35k ton capacity floating dock: The Suez Canal Authority (SCA) has received the Fakhr Al-Qanah floating dock at the Port Said shipyard from the SANG SANGIN shipyard in Korea, according to a statement. The dock is 260 meters long, has a 62-meter beam, and a draught of 18 meters with a handling capacity of 35k tons. The new dock will expand the SCA’s ability to maintain and repair large marine units, which is in line with its strategy to broaden revenue streams by providing new services at the canal. The shipyard comprises three other floating docks used for the repair and maintenance works of the vessels and marine units owned by the SCA, with capacities ranging from 5k tons to 25k tons.

More cooperation between Egypt + India: Egypt’s Suez Canal Zone (SCZone) Walid Gamal El Din met with Indian Commerce and Industry Minister Shri Piyush Goyal, on the sidelines of the SCZone roadshow to India to discuss cooperation in several fields, especially industries that will be located within Egypt’s SCZone, according to a statement. Egypt and India are also looking to build their trade ties and exchange of strategic goods, and recently discussed the need for direct flights between the capitals.

MARITIME-

Bahri offloads one of its oldest VLCCs: Saudi Arabia’s national shipping carrier Bahri— one of the world’s largest owners and operators of Very Large Crude Carriers (VLCCs) — has reportedly sold its 2003-built Lulu VLCC for USD 42.5 mn to an undisclosed Chinese buyer, Splash reports. The Lulu317 deadweight tonnage (DWT) VLCC was Bahri’s fourth oldest unit and was valued at around USD 44.5 mn, Splash said, citing data by VesselsValue.

AVIATION-

Etihad Cargo partners with Wallenborn Transports to expand its road feeder services in Europe: The cargo and logistics arm of Etihad Airways has appointed Luxembourg-based Wallenborn Transports as its road feeder service (RFS) partner in Europe to enhance its scheduled and specialized services, according to a press release. Wallenborn’s network covers 90 airports across 27 countries. The partnership will facilitate the transportation of cargo between Etihad’s major European gateways — including Amsterdam, Paris, and Frankfurt — and offline stations. Etihad Cargo customers will gain advantages from specialized logistics solutions and the transparency facilitated by integrated telematics technology, the statement said.

Etihad airways offers special rates on flights to ICV-certified companies: Etihad Airways has partnered with the UAE Ministry of Industry and Advanced Technology to offer special rates on flights to companies certified under the National In-Country Value (ICV) program, WAM reports. ICV-certified companies can benefit from reduced shipping rates and earn miles on Etihad Airways flights from 1 July to 1 October 2023. From 1 August until the end of September, ICV-certified companies will also be able to accumulate miles for on-board flights. The ICV program aims to enhance the competitiveness of UAE products, strengthen local supply chains, and attract investment.

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