Rosatom and DP World have a new JV in the works

Rosatom taps DP World for a new JV: Dubai-based operator DP World is snagging a 49% stake in a new logistics joint venture with Russia’s state nuclear firm Rosatom, which will hold 51%, Reuters reports. The partnership opens a channel into Russian-linked container flows and North Sea routes, a lane Rosatom is trying to scale into a commercial corridor.

The structure: Rosatom will fold in its 92.4% stake in transport group Fesco, while DP World will bring liquidity tied to Fesco’s valuation.

This isn’t a first date: DP World and Rosatom have been building toward this since 2021, signing Arctic route agreements and setting up a similar 51/49 joint venture — International Container Logistics — back in 2023.

Damietta expands Ro-Ro service to route EU cargo to the Gulf

Damietta Port has launched a new service to handle refrigerated and dry cargo arriving from Europe on the Trieste-Damietta Ro-Ro line before forwarding shipments to Gulf markets through Safaga under an indirect transit model, according to a document seen by EnterpriseAM.

What changed? The service comes after transit cargo bound for Gulf countries was exempted from prior ACI registration, easing procedures at a time when regional shipping disruption is pushing cargo owners to look for faster and more predictable routing options. Damietta has already received the first indirect transit units on the Gallipoli Seaways.

Why it matters: This gives Egypt another live corridor to pitch to shippers moving perishables and other time-sensitive cargo between Europe and the Gulf. It also shows how Damietta’s digital systems, customs coordination, and the Damietta-Trieste Ro-Ro link are being used for more than bilateral trade with Europe — they are now being positioned as transit infrastructure for cargo flows trying to bypass friction elsewhere in the region.

Maersk adds three shipping services to Saudi ports

Shipping giant Maersk has added three new shipping services to Jeddah Islamic Port and King Abdullah Port, linking them to key regional and international hubs — India’s Nhava Sheva and Mundra, and Oman’s Salalah — supporting a total capacity of 14.4k TEUs, according to a statement.

Tags: