The shipping industry could lose USD 10 bn a year by 2050 due to climate change:Climate change-related disruptions could cost the shipping industry USD 10 bn annually by 2050, and up to USD 25 bn per year by 2100, CNBC reports, citing an RTI study. Maritime trade volume is expected to triple by 2050 as […]
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King Abdulaziz Port added to India-Gulf Express Service + AD Ports, NMDC boost cooperation. PLUS: Lots of new regional flights
SHIPPING + MARITIME- Saudi Arabia’s King Abdulaziz Port has been added to CMA CGM's India Gulf Express Service, according to a statement by the Saudi Ports Authority. The route will connect Dammam to the ports of Nhava Sheva, Mundra, Mangalore, Colombo, Jebel Ali, Khalifa and Umm Qasr. Four vessels are set to sail weekly, each […]
BW Group’s Hafnia to boost internet connectivity on ships by year’s end + Singaporean JV eyes methanol-powered ships
Hafnia to use Starlink across its fleet by year-end: Hafnia, a product tanker unit of Singapore’s BW Group, will complete the full rollout of SpaceX’s Starlink satellite network across its entire fleet by the end of 2023, Splash reports. The adoption of Starlink, a satellite network that provides high-speed internet access, comes in parallel with […]
OCTOBER 31 October - 2 November (Tuesday-Thursday): IAPH World Ports Conference, Abu Dhabi, UAE. 31 October- 1 November (Tuesday- Wednesday):Abu Dhabi Smart City Summit, Abu Dhabi, UAE. September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE. NOVEMBER Mid-November: Third Caspian Economic Forum, Iran. 1 November: Abu Dhabi Airports Terminal A set to become operational. 1 November […]
TODAY: Hapag Lloyd hikes rates for shipping to and from regional ports + Saudi Arabia is eyeing more trade pacts
Good morning, wonderful people. We have a busier than usual midweek issue for you, with several big updates from Saudi Arabia and the UAE. THE BIG LOGISTICS STORY-Saudi Arabia is overhauling the economic policy governing its aviation sector in a bid to attract some USD 100 bn investments. The move comes as the kingdom looks […]
Saudi Arabia overhauls aviation sector policies to privatize airports, air cargo services
The move comes as the kingdom looks to boost competition in the sector and rein in some USD 100 bn in investments by 2030
Kezad breaks ground on AED 330 mn infrastructure for food and auto hubs
The hubs aim to strengthen the UAE’s food and automotive supply chains
Egypt’s GAFI grants golden license to Fayoum Company Warehouses and Storage for EGP 1.3 bn warehouses
The new strategic warehouses will have a storage capacity of 75k pallets