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Supply chain disruptions will shift exporters’ focus to risk mitigation + diversification in 2023: The World Trade Organization expects (pdf) global trade growth to slow in 2023 to just 1% — down from 3.5% in 2022 as a result of supply chain disruptions brought on by covid-19 and the Russia-Ukraine war. Geopolitical changes and heightened […]
Author Archives: enterpriseam admin
Posted inLogistics in the News
Low Rhine River levels causing disruption to key trade artery
Low rainfall is reducing water levels in Europe’s Rhine River and disrupting transport in the waterway, Gibson Shipbrokers said in its tanker report (pdf). Low water levels in the river, which is used for cargo transport and fuel distribution, is causing draft restrictions and has reduced quantities of cargo on barges. Cargo vessels are restricted […]
Posted inAlso on Our Radar
Iran + Syria set up a bank and ins. institute for traders + Saudi Arabia to localize manufacture of masks
FINANCE- Iran + Syria establish joint bank and ins. institute to help boost joint trade: Iran and Syria will establish a joint bank and ins. institute that can facilitate ins. services for Iranian traders in Syria, Iran’s official Islamic Republic News Agency reports. Iran will hold a 60% stake in the new venture, while Syria […]
Posted inAround the World
US trucking firm shuts down operations amid union protests and debt + Pakistan, China breathe new life into key Belt and Road Initiative project
Yellow shuts operations, will lay off all 30k workers: US trucking firm Yellow, previously known as YRC Worldwide, suspended operations and plans to file for bankruptcy after it failed to refinance its debt of USD 1.5 bn, CNN reports. Although the company had averted a strike by the Teamsters union, representing 22k drivers and dock […]
Posted inCalendar
AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 31 July-9 August (Monday-Wednesday): KSA trade delegation headed by Investment Minister Khalid Al Falih tours Brazil, Chile, Costa Rica, Argentina, Panama, Paraguay, and Uruguay. 28 August (Monday): Registration for Emirates Postal Group’s Logistics Unleashed competition concludes. SEPTEMBER 4-8 September (Monday-Friday): Logistics and Transport Management, Dubai. […]
Posted inWhat we're tracking today
TODAY: Saudi Arabia is on a Latin American roadshow + new maritime ESG index coming this September
Good morning, lovely people. We have a tight issue for you this morning, with a couple of interesting stories coming out of the UAE and Kuwait. THE BIG LOGISTICS STORY- Kuwaiti logistics outfit entered a multi-year derivative transaction with several major banks to hedge its investment in Danish global freight forwarder DSV for the second […]
Posted inFinance
Agility hedges DSV investment with EUR 1.3 bn equity collar in the second transaction of the type this year
The company drew down EUR 1 bn earlier this year from a similar hedging agreement
Posted inSTORAGE + WAREHOUSES
GAC Motors launches distribution center in UAE
The distribution center helps slash the order cycle time from almost a month to just a week for customers in the Middle East