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The company has been planning an IPO since 2021
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Posted inSHIPPING LINES
South Korea launches new shipping line connecting MENA ports with Far East, India, and Mediterranean regions
A round trip for the new shipping line, which will have 12 container ships, will take 84 days
Posted inStartup Watch
HashMove raises pre-series A funding round, plans HQ relocation to Saudi Arabia
The startup’s platform offering rate sourcing for first-mile logistics, booking features and end-to-end cargo tracking
Posted inDiplomacy
Oman and Senegal, Iran and UAE ink air services agreements
Oman’s Civil Aviation Authority (CAA) has inked an air services agreement with Senegal, according to a CAA statement. The accord sets out to systematize technical and operational aspects of air traffic between the two countries, including economic and operational protocols enabling carriers from Oman and Senegal to operate passenger and freight routes between the two […]
Posted inLogistics in the News
Morocco is treading a fine line with Chinese + US presence in its freezones
Morocco’s delicate position in US + China trade landscape could be a threat, but Moroccan officials are hopeful: Despite the potential impact of decreased trade and strained ties between the US and China, Mehdi Tazi, CEO of Tanger Med Group, remains optimistic about Morocco's position as a global trade hub, Bloombergreports. Tazi believes that being […]
Posted inAlso on Our Radar
A slew of aviation news, courtesy of the Paris Air Show + Terra introduces electric motorbike fleet. PLUS: News from Qatar, CMA CGM, Al Seer Marine, and Mawani
AVIATION- American aircraft maker Pratt & Whitney launches Morocco affiliate: US aircraft maker and RTX subsidiary Pratt & Whitney will launch a Moroccan affiliate, Pratt & Whitney Maroc (PWM), in Casablanca to manufacture detailed static and structural machine parts for various engine models, according to a press release. The 130k sqf greenfield facility — which […]
Posted inOn Your Way Out
Maersk to carry out first retrofitting of container vessel to a dual-fuel methanol-powered engine
Shipping and logistics giant AP Moller-Maersk (Maersk) will convert one of its ships to a dual-fuel methanol powered vessel, allowing it to run on green methanol, according to a press release. Maersk has partnered with German Man Energy Solutions to carry out the engine retrofit by mid-2024, Maersk fleet technology head Ole Graa Jakobsen says, […]
Posted inCalendar
JUNE June: Suez Canal Economic Zone holds a roadshow in Delhi. 29 June- 2 July (Thursday- Sunday): The China-Africa Economic and Trade Expo (CAETE), Changsha, China. JULY 1 July (Saturday): A new greenfield liquid bulk terminal in Khalifa Port Abu Dhabi will kick off operations. 1 July (Saturday): New UAE Federal Tax Authority VAT Ecommerce […]
Posted inWhat we're tracking today
TODAY: Is AD Ports close to getting handed Pakistani terminals? + KSA is eyeing more airlines
Good morning, lovely people. It’s another busy day in logistics land in the MENA region, with plenty of big news coming from Egypt, Saudi Arabia and the UAE. THE BIG LOGISTICS STORY- The Saudi Ports Authority (Mawani) yesterday inaugurated a new SAR 150 mn logistics park at Jeddah Islamic Port in Saudi Arabia. Meanwhile, the […]