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Posted inWhat we're tracking today

TODAY: Panama Canal pushes further traffic limits amid continued drought + Srilankan Airlines eyes GCC buyers

Good morning, lovely people , and welcome to a busy start to the week with updates on everything from railways to ports — and a lot more movement coming from Oman than usual. THE BIG LOGISTICS STORY- A committee in Pakistan’s c abinet has approved AD Ports Group’s bid for a concession at Karachi’s port […]

Posted inDiplomacy

Is an Israel-Saudi accord on the horizon? + Iran, Vietnam eye boosting trade. PLUS: Jordan, Rwanda agree to boost trade + economic cooperation

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 […]

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 […]

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