RAIL-

Spanish rail manufacturer Talgo and the Egyptian Railway Authority (ERA) are looking to build a factory for mobile rail units in Egypt, according to a statement. The pair are in talks to collaborate on a number of other projects, including the rehabilitation and maintenance of 23 trains and updating signaling systems on a number of railway lines.

Background: The two parties inked a EUR 280 mn contract for the provision of seven trains and a 15-year maintenance service in 2022, according to a statement. Delivery of these units is set to begin this year.

SHIPPING + MARITIME-

AD Ports subsidiary Safeen Group is now serving key ports in Mozambique, according to a statement. Through the deployment of dedicated landing crafts Delma 10 and Delma 11, the company aims to support a major LNG project in the country.

Stena Bulk gains a mystery GCC partner: Sweden-based Shipping company StenaBulk is partnering with an unnamed GCC investment institution for the operation of an undisclosed number of the shipping company’s Imoiimax tankers, according to a statement. The GCC institution will acquire 50% ownership of the shipping company’s Imoiimax tanker fleet. The Imoiimax vessels are capable of carrying Imo 2 and 3 cargoes, equipped with 18 cargo tanks of a max 3k meter cubed capacity.

AVIATION-

Saudia’s new cargo route connects Shenzhen and Riyadh: Saudi Arabian flag carrier Saudia ’s B777 full-cargo aircraft launched its inaugural international cargo route from Shenzhen, China to Riyadh on 16 March, Xinhua News Agency reports. With two-weekly flights, it primarily transports e-commerce goods, general trade goods, and electronics. Shenzhen's Bao'an International Airport now hosts 11 weekly outbound cargo flights to Riyadh, with more than 1.1k tonnes of capacity.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Royal Air Maroc announces new routes: Morocco’s Royal Air Maroc is set to launch two weekly direct flights to Naples, Italy as of 22 June. It will also launch three weekly flights to Manchester on 23 June and three weekly flights to Abuja, Nigeria. (MAP)
  • Nakilat to receive two new LNG carriers: GTT has secured a new order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design two LNG carriers for Nakilat, the carriers will be constructed by Hyundai Samho Heavy Industries and scheduled for delivery in 2026 and 2027. (Press release)
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