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Posted inStartup Watch

Swift Egypt spins off a unit of its business into new startup (exclusive)

EXCLUSIVE- Egyptian logistics solution provider Swift Egypt is spinning off a portion of its business into a new logistics startup, FreePL, the startup’s founder and CEO and Swift Egypt’s General Manager Abdelrahman Morsy (LinkedIn) told Enterprise Logistics. Swift will focus operations on helping customers obtain import and export licenses, while FreePL will act as an […]

Posted inLogistics in the News

US supply chain shortages are pressuring the infrastructure + defense sectors. PLUS: Retailers track inventory with RFID

Supply chain shortages in microchips + cement pile on pressure for infrastructure + defense in the US: Supply shortages in microchips and cement are debilitating the auto, defense and non-residential construction industries in the US, Reuters reports, citing industry players and subject matter experts. The shortages are also making it difficult for the country to […]

Posted inAlso on Our Radar

BP + Adnoc bid for Israel’s NewMed could be good for Egypt. PLUS: Bahraini businesses can soon pay customs duties online

Egypt’s energy hub plans might get a shot in the arm: Energy giants BPandAbu Dhabi National Oil Company (Adnoc) have submitted a USD 2 bn non-binding offer to acquire 50% of Israel’s NewMed Energy, NewMed said in a disclosure (pdf) to the Tel Aviv stock exchange. The transaction would make NewMed a 50-50 partnership between […]

Posted inAround the World

Russia + India to develop Northern Sea trade route. PLUS: KSA warms ties with China + Belgian tanker firm accused of carrying Iranian oil

Russia and India are looking to develop the Northern Sea trade route— the shortest route between East Asia and Europe — with a focus on shipping from Vladivostok port, Russia’s Interfaxreports. Russia’s Minister of Development of the Russian Far East and Arctic Alexei Chekunkov discussed the route with Indian officials this week. Reuters also has […]

Posted inCalendar

MARCH 28-30 March (Tuesday-Thursday): Mediterranean Ports and Shipping 2023, Grand Hyatt, Athens, Greece. APRIL 18-20 April (Tuesday-Thursday): Intermodal Africa, Durban International Convention Centre, South Africa. 25-27 April (Saturday-Monday): World Cargo Symposium, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. MAY 4 May (Tuesday): Deadline to submit proposals for the design, construction, finance, operation, and […]

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