Good morning, wonderful people. We have a tight issue for you this morning, as the newsflow continues to slow while we near the end of the week.

THE BIG LOGISTICS STORY- Egypt signed an agreement for the construction of six strategic warehouses for medical supplies.On the aviation side of things, several airlines are looking at acquiring new aircrafts to expand their fleet, including Saudi Arabia’s Riyadh Air, Emirates and Air Arabia.

WATCH THIS SPACE- Saudi Arabia looks to boost air-sea logistics connectivity through new agreement: The Saudi Ports Authority (Mawani), the General Authority of Civil Aviation (GACA), and the Zakat, Tax and Customs Authority (ZATCA) have agreed to “enhance air and sea logistics connectivity” in Saudi Arabia, according to a statement. The three-party agreement aims to improve the country’s customs services and logistics operations, and integrate freight operations at air and sea terminals, as well as identify and address challenges in cargo transportation through simulations. The statement does not specify how these goals will be achieved.

IATA releases roadmaps for net zero by 2050: The International Air Transport Association (IATA) has disclosed a series of “step-by-step” roadmaps for the global aviation sector to achieve net zero by 2050, according to a press release. The frameworks assume a holistic approach to the industry with recommendations covering aspects of tech, energy, infrastructure, operations, finance, and policy. The roadmaps underwent peer-to-peer review and are informed by emission reductions models sourced from the Air Transportation Systems Laboratory at University College London (UCL), according to the release.

The roadmaps are “not just for airlines,” but for all stakeholders in the industry: “The roadmaps are the first detailed assessment of the key steps necessary to accelerate the transition to net zero by 2050. Together, they show a clear direction and will evolve as we dig deeper to set interim milestones on the way to net zero,” said IATA Director General Willie Walsh. “I must emphasize that the roadmaps are not just for airlines. Governments, suppliers, and financiers cannot be spectators in aviation’s decarbonization journey. They have skin in the game. The roadmaps are a call to action for all aviation's stakeholders to deliver the tools needed to make this fundamental transformation of aviation a success with policies and products fit for a net-zero world.”

DP World has rolled out incentives pushing UK clients to cut carbon emissions by switching to rail, according to a statement. The pilot program looks to remove 30k tonnes of CO2 emissions from clients’ supply chains by the end of 2025 by switching out road shipments for rail. The Modal Shift Programme involves a 12-month trial that will see clients receiving import shipments at DP World’s Southampton terminal charged a flat GBP 10 fee per container. This fee can be reimbursed when clients choose to transfer their consignments to railheads more than 140 miles from the terminal, while those moving to a railhead within 140 miles — which is less of an economic decision — will receive an additional payout of GBP 70 per container.

MARKET WATCH-

Asian markets facing spike in Saudi crude oil prices: Saudi Aramco has hiked the official price of Arab Light oil for Asian customers in July by USD 0.45 / bbl to USD 3 over the regional Dubai/Oman price marker, Reutersreports. The increase follows the Kingdom’s recent announcementof a sudden drop in oil supply of 1 mn barrels per day.

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CIRCLE YOUR CALENDAR-

Bidding for the project developer contract for the joint Jordan-Iraq economic citybegan on 30 May and will run until 29 June, according to Jordan News Agency (Petra). The project, which will provide integration across an array of fields and sectors, is located on the borders of the two countries, according to Petra. The industries and products in the economic zone will benefit from Jordan’s trade agreements with other countries, Petra reported earlier.

Deadline for design bids for Al Ghuwaifat Customs Clearance Center is coming up: The Abu Dhabi Investment Office and the Department of Municipalities and Transport are inviting proposals for the design, construction, maintenance and operation of Al Ghuwaifat Customs Clearance Center in Abu Dhabi, Construction Week reports. The deadline for proposal submissions is 3 July.

The Ports and Customs Week kicked off yesterday in Cape Town, South Africa and is running till today. The regional event is bringing together ports, customs authorities, transport ministries, trade and investment departments, importers and exporters, shipping and logistics companies, and maritime agents to discuss tech solutions to challenges faced by ports and customs authorities across Africa and promote cooperation and collaboration between them through digitalization.

Breakbulk Europe began yesterday and will last till tomorrow in Rotterdam, Netherlands. The event brings together 4k companies and aims to serve as a networking platform for industry decision makers in the project cargo community.

The Fleet & Mobility Summit is happening tomorrow in Habtoor Polo Resort in Dubai. The summit will bring together key stakeholders like B2B and B2C fleets to discuss how to digitize operations and make them greener.

Check out our full calendar at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.