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Progress in Saudi-Israeli normalization talks? The US and Saudi Arabia have agreed on a broad outline of an agreement for the latter to normalize relations with Israel, the Wall Street Journal reports, citing unnamed officials. Key points in the complex negotiation include Israel making concessions to the Palestinians, Saudi Arabia making commitments to decrease affiliations […]
Author Archives: enterpriseam admin
Posted inLogistics in the News
Hapag-Lloyd latest to see income fall amid muted demand + A slowdown in trade is weighing on the global economy
!_ Hapag-Lloyd earnings dip in 1H 2023 amid falling demand: Container giant Hapag-Lloyd reported a net income of USD 3.1 bn in 1H 2023 and revenues of USD 10.8 bn, according to its earnings release. Transport volumes fell 3.4% y-o-y to 5.8k TEU, mostly due to reduced demand for container shipments along the Far East […]
Posted inAlso on Our Radar
Chinese shipping line links Egyptian ports to China, Russia + Omani maritime service providers to set up shop at Sohar Port. PLUS: More from Oman Air, Egypt, Al Sayer and Tunisia
SHIPPING + MARITIME- New Chinese shipping line will link two Egyptian ports with Chinese, Russian ports: A new shipping line launched by Chinese logistics firm Torgmoll linking Chinese and Russian ports has begun servicing Egypt, Al Mal reports, quoting Walid El Saiedy, chairman of Royal Trade Agency and a member of the Damietta Shipping Chamber. […]
Posted inAround the World
DB Schenker to claim 3k metric tonnes of CO2 equivalent emissions under new initiative + Deloitte resigns as Adani Ports’ auditor
DB Schenker to integrate container giant Hapag-Lloyd’s decarbonization solution : Global supply chain and logistics solutions provider DB Schenker will integrate Hapag-Lloyd's sustainable transport solution, Ship Green, as part of its efforts to decarbonize its supply chains, according to a press release. DB Schenker and Hapag-Lloyd inked an agreement to facilitate the environmentally conscious transportation […]
Posted inCalendar
AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 27 August (Sunday): Last day for companies to bid for the construction tender for Kuwait’s Mubarak Al Kabeer Port. 28 August (Monday): Registration for Emirates Postal Group’s Logistics Unleashed competition concludes. SEPTEMBER 4-8 September (Monday-Friday): Logistics and Transport Management, Dubai. 5 September (Tuesday): The Leaders […]
Posted inWhat we're tracking today
TODAY: Iran lobbies for BRICS membership + Ukraine looks for workaround for grain exports amid Black Sea blockade
Good morning, friends. The busy newsflow of the past week seemed to slow to a crawl, with just a few updates coming out of the UAE and Iran. ALSO- We have a meaty explainer for you on a topic that is relevant now more than ever , as multiple trade routes across the world continue […]
Posted inZones
Iran’s Sarakhs economic zone to be connected to other key freezone via East-to-West corridor
This comes after parliament approved the establishment of the Sarakhs Economic Zone last week
Posted inEarnings Watch
Aramex sees net income fall 57% y-o-y in the face of economic headwinds
The company attributes its losses to FX volatility in some of its markets and a global downturn in shipping volumes
Posted inEnterprise Explains
Enterprise Explains: The impact of climate change on global trade routes
Climate change — from low water levels to droughts and extreme heat — are threatening the world’s key trade arteries