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Qterminals snaps up majority stake in Kramer: Qatar-based terminal operating company QTerminals has inked a sale and purchase agreement to acquire a majority stake in the Rotterdam-based logistics service provider Kramer Group, according to a statement. The statement did not disclose the exact size or value of the stake, or the timeline for the completion […]
Author Archives: enterpriseam admin
Posted inStorage + Warehousing
AD Ports to operate a Kazakh grain terminal?
The company could form a JV with a Kazakh firm to operate and develop a grain terminal in Kuryk Port
Posted inShipping & Maritime
DP World to increase container handling capacity at some regional ports by 3 mn TEUs by year’s end
The company will add capacity to ports in Saudi Arabia, Turkey, and Egypt
Posted inE-Commerce
FedEx Express launches two new delivery services for Middle East countries
The services are catered to SMEs with non-urgent shipments looking for cost-effective solutions
Posted inEarnings Watch
AD Ports records marginal growth in net income in 2Q 2023
The company benefited from new company and terminal acquisitions, though had muted bottomline growth due to related debt and costs incurred
Posted inDiplomacy
Iran, Turkey discuss boosting trade + UAE, Brazil eye boosting trade cooperation
I ran + Turkey eye stronger trade and transport ties: Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari and Turkish Foreign Minister Ahmed Yildiz discussed strengthening cooperation across several fields including transportation and trade, Islamic Republic News Agency reports. They also highlighted the importance of eliminating obstacles to increasing the volume of bilateral trade […]
Posted inLogistics in the News
Successful biofuel bunkering trial shows 83% emission reductions + Why the US is behind on port automation
Biofuel bunkering trial shows 83% reduction in emissions: The Global Center for Maritime Decarbonisation (GCMD) has tested a new oil biofuel blend that reduced carbon emissions by 83%, Reuters reports. The biofuel, which was used on an LPG carrier with dual-fuel capabilities, was made up of marine gasoil blended with 30% hydrotreated vegetable oil (HVO), […]
Posted inAlso on Our Radar
Aramex trials live shipment tracking in the UAE + OOCL launches Turkey-Spain-Morocco shipping line
LAST MILE- Logistics giant Aramex is testing live tracking for last-mile delivery in the GCC region,according to a press release. The system, which uses Google Maps’ mobility services in partnership with OniGroup, utilizes machine learning and predictive AI to generate delivery coordinates that allow users to track shipments in real time for the last five […]
Posted inAround the World
Yellow’s crash is a boon for other US trucking firms + Sri Lanka lifts three-year ban on truck imports
The collapse of US trucking giant Yellow is boosting competitor performance, The Wall Street Journal reports. The company’s recent bankruptcy, which resulted in the layoffs of some 30k workers, helped boost the less-than-truckload sector, which includes firms that carry cargo for multiple customers on the same trailer. Rivals including ABB freight, Old Dominion, and Freight […]