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Author Archives: enterpriseam admin
KSA, Turkey ink eight trade agreements + UAE, Vietnam talk trade ties
Saudi and Turkish companies inked eight agreements to expand trade and investment at a Saudi-Turkish Business Council meeting in Istanbul, Turkey, Saudi press agency SPA reports, without disclosing further details about the agreement. Background: Trade volumes between KSA and Turkey rose 32.6% y-o-y to USD 5.8 bn in 2022, the statement said. Turkey aims to […]
TikTok looks to expand its share of US markets with logistics investments + has China come out on top in the chip wars?
TikTok is banking on logistics: Chinese video sharing platform TikTok is looking to make use of r its substantial streaming audience as it looks to wrest a share of the US e-commerce market from market leader Amazon, WSJ reports. The platform is setting up a network of warehouses and fulfillment operations, and taking on day-to-day […]
Phase one of Suez Canal’s southern sector expansion complete + Prominent acquires USD 1 bn Dubai tanker fleet. PLUS: More shipping and trade news
SHIPPING + MARITIME- SCA clears first phase of Suez Canal’s southern sector development project: The southern sector expansion project has widened the canal 40 meters eastward, along a section between the 132 km and 162 km points of the canal, according to a Suez Canal Authority (SCA)statement. The second phase of developments, which target expansion […]
Panama Canal drought squeezes ships to use alternate routes
The ongoing bottleneck at the Panama Canal is causing ships to sail entire continents out of the way, eitherby going around the southern tips of Africa and South America or through the Suez Canal, Bloomberg reports. Detours through alternate routes add thousands of miles and up to three weeks to ships’ journeys at sea, the […]
DECEMBER 3-7 December (Sunday-Thursday): The International Conference on Air Services Negotiations (ICAN) 2023, Hilton Riyadh Hotel and Residences, Saudi Arabia. 4-6 December (Monday-Wednesday): ACE 23 Air Cargo Conference, Yas Island Hotel, Abu Dhabi, UAE. 4-6 December (Monday-Wednesday): International Traffic Safety Forum and Exhibition, Sheraton Dammam, Saudi Arabia. 4-7 December (Monday-Thursday): Eurasian Economic Union (EAEU) exhibition, […]
TODAY: Another Red Sea drone attack + could Turkey get some USDs for the Development Road project from the Gulfies?
Good morning, friends. It’s an incredibly busy start to the week, with news spanning virtually every logistics subsector and every country in the region, as world leaders convene for COP28 in Dubai and the IMO assembly in London. THE BIG LOGISTICS STORY- AD Ports takes the cake with its drive to boost its influence in […]
AD Ports forms JV to enhance logistics connectivity, inks agreement for shipyard in Kazakhstan + more cooperation with Vietnam
The JV will focus on expanding port infrastructure on the Caspian Sea
Scatec to supply ships with green fuel + plans to establish a battery storage project in Egypt
The company has a production target of 100k tons of green methanol a year by 2027