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Good morning, friends. We have yet another packed issue for you this morning as the region races to tie up loose ends ahead of the Eid Al Adha break next week. THE BIG LOGISTICS STORY- AD Ports signed a 30-year concession agreement to invest USD 500 mn into Congo’s multipurpose New East Mole Terminal at […]
Author Archives: enterpriseam admin
Posted inInvestment Watch
AD Ports inks USD 500 mn agreement to operate a port terminal in the Congo
The agreement will see DP World pump some USD 500 mn in investments into digitizing and improving terminal operations
Posted inMARITIME
DP World plans entry into Tanzania
DP World is eyeing East African expansion: Dubai-based container terminal powerhouse DP World is in discussions with Tanzania to manage seven berths at its key port of Dar es Salaam, Bloomberg reports. The company is also set to build cold storage facilities and invest in advanced technology, Bloomberg quotes Tanzanian Works and Transport Minister Makame […]
Posted inMARITIME
Shiny Shipping expands bunkering services in Oman
The company wants to operate bunkering barges for marine gas oil and VLSFO deliveries at port berths in Oman
Posted inMARITIME
Adnoc L&S expands shipping fleet with delivery of new VLCC
The VLCC is one of four it’s set to receive this year
Posted inDiplomacy
Iran + Qatar talk boosting trade. PLUS: Iran, Taliban to enhance cooperation in rail + KSA, Iraq to ratify maritime transport agreement
Iran + Qatar’s foreign ministers discuss bilateral trade ties: Iran’s Foreign Minister Hossein Amirabdollahian and his Qatari counterpart Mohammed Al Thani discussed boosting trade relations during a meeting in Doha, Tasnim News Agency reports. The ministers discussed plans to enhance trade between their countries, strengthening cooperation in the transportation sector, especially maritime transportation, and boosting […]
Posted inLogistics in the News
“Sanctions stigma” is making it difficult for Iranian cargo to owners to find willing handlers
Cargo owners are struggling to find shipowners willing to lighter Iran crude oil amid “sanctions stigma” on handling Iranian crude trapped off the US Gulf Coast, according to S&P Global. US authorities seized the 158k dwt Suezmax tanker Suez Rajan in April amid a tanker war with Iran, but Houston Refining — which owns the […]
Posted inAlso on Our Radar
Flynas to buy 30 Airbus aircraft + Afrexim launches trade ins. subsidiary. PLUS: News from DP World, Bahri, King Abdullah Port, Jeddah Islamic Port, Cisco, Oman, Wizz Air, and Menzies
CAPITAL MARKETS- Bahri approves capital increase: The National Shipping Company of Saudi Arabia (Bahri)’s board moved to increase the company's capital by granting bonus shares to shareholders according to the company’s general assembly meeting minutes (pdf). Bahri is raising its capital by 50% to SAR 7.4 bn, according to the minutes. Shareholders will receive one […]
Posted inAround the World
EU, Kenya sign landmark trade pact, with potential to expand to AfCFTA + Malaysian logistics firm to develop first ammonia-powered engine for deep sea vessels. PLUS: Mars UK slashes logistics carbon emissions
The EU and Kenya have inked a trade agreement that will give Kenya access to the EU without duties or a required quota, with prospects of further Eastern African countries to join, Bloomberg reports.The agreement, which comes into force in the beginning of 2024, will allow Kenyan exports to have access to the 28 markets […]