MARITIME-

Bahri Line and Katoen Natie ink stevedoring agreement: The shipping subsidiary of Saudi Arabia’s national shipping carrier Bahri,Bahri Line, has signed an agreement with Belgium-based logistics service provider Katoen Natie for cargo handling services in the Port of Antwerp, according to a company statement. The agreement aims to optimize supply management for Bahri Line by guaranteeing the efficient and reliable handling of goods.

ADNOC Logistics & Services awarded USD 975 mn contract for offshore artificial island construction: ADNOC Logistics and Services (ADNOC L&S) has secured a contract for the engineering, procurement, and construction (EPC) of an artificial island by ADNOC Offshore, according to a press release (pdf). The contract comes as part of Adnoc L&S’ plans to pursue new revenue streams and new types of projects, the statement said.

REMEMBER- ADNOC L&S wrapped its IPO on the Abu Dhabi Securities Exchange on 1 June, which saw it raise USD 769 mn. The proceeds raised from the transaction were earmarked for expenses for Adnoc’s ambitious USD 4-5 bn medium term growth strategy. The strategy includes investments towards expanding the scope of Adnoc subsidiary services, decarbonization efforts, as well as scaling up Adnoc L&S’ shipping, integrated logistics, and services platform operations.

ZONES-

DMCC + BDIAEZ agree to bilateral trade, knowledge transfers: The Dubai Multi Commodities Centre (DMCC) and the Beijing Daxing International Airport Economic Zone (BDIAEZ) have inked a cooperation agreement to promote bilateral trade, knowledge transfers, and best practices, according to a press release. Under the framework, both parties will guide, support, and offer streamlined access to any company wishing to set up shop in DMCC or BDIAEZ, the statement said. They will also work towards developing joint industry clusters at each site, benefit from their shared infrastructure, and draw in new investments.

KSA’s Jazan Economic Zone is looking to draw in USD 2.93 bn in investments by 2040 by offering unused mining reserves valued at upwards of USD 1.3 tn, Arab News reports. The zone is offering access to international firms willing to benefit from the country’s mining sector, which is lining up to become Saudi industry’s “third pillar,” Arab News reported. The economic center’s proximity to KSA’s largest export gateway in Jazan Port also provides numerous economic advantages.

SHIPPING LINES-

Jeddah added to Asyad shipping line: Jeddah Islamic Porthas been added to Asyad’s Rex Cargo service, connecting it to the ports of Nhava Sheva and Mundra in India, Salalah in Oman, and Ain Sokhna in Egypt, according to a Saudi Ports Authority (Mawani) statement. This marks the 15th shipping service to be added to Saudi ports this year, according to the statement.

PORTS-

Jordan’s Aqaba Container Terminal (ACT) has launched an operation command center that will centralize operations through an integration cell model, according to a statement. The center will implement a crane optical character recognition system that automates the process of recording loading and discharging transactions on the system. It will also involve gate automation that can recognize trucks’ plate numbers and automatically record the data on the system, as well as asset digitalization to retrieve live data for terminal equipment, and a central data dashboard. The center will also deploy an eagle eye system to provide location, speed, and safety data for terminal trucks for live monitoring.

TRANSPORT-

Huawei to facilitate Tunisia’s drive to smart transportation: Tunisia’s Transport Ministry and Chinese technology developer and manufacturer Huawei have discussed the potential of leveraging the Chinese company’s expertise and advanced technologies to enhance Tunisia’s smart transportation and digitization of services, according to a ministry statement. Tunisia is looking to implement proposals for digital projects as well as enhancing smart transportation through deploying smart technology infrastructure in airports, ports, border crossings and urban transportation, according to the statement. This initiative falls under the country’s vision to develop its transport and logistics sector by 2040.

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