AVIATION-

flydubai to offer lower air freight rates for local players: Dubai Chambers of Commerce inked an MoU with budget-carrier flydubai that will see the latter offer its integrated air freight services at preferential rates for members of Dubai Chambers, according to a statement. The preferential air freight rates will “serve as an effective tool to reduce export and import costs and enhance operational efficiency, opening up new international market opportunities for local businesses,” VP Khalid Al Jarwan said. The pair also aim to develop joint initiatives, programmes, and activities to further propel Dubai’s business community.

SHIPPING + MARITIME-

Kuwaiti oil cargo lands in South Korea for storage: South Korea’s Seoul has received the first cargo shipment from Kuwait under the terms of a storage agreement between Korea National Oil Corporation (KNOC) and Kuwait Petroleum Corporation (KPC), according to a statement. The agreement is in line with the company’s strategy of storing oil near vital markets to better facilitate deliveries of Kuwaiti oil.

REFRESHER- KPC inked a two-year strategic agreement with KNOC to store 4 mn barrels ofKuwaiti crude oil at one of KNOC’s storage facilities in Ulsan, South Korea in November 2024.

PORTS-

New USD 13 mn gantry crane lands in Jordan: Jordan’s Aqaba Container Terminal has received a USD 13 mn gantry crane that will be used to boost the handling capacity at the port, Petra reports. The new crane — 56 meters tall and 71 meters wide — has a carrying capacity of 100 tons. The move is in line with the port’s plans to revamp the equipment currently in operation, with an emphasis on the integration of environmentally sustainable equipment as part of Aqaba Port Authority’s strategy to become a green port by 2028.

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