More widespread sanctions are driving a jump in “murky trade,”Bloombergreported. The number of sanctioned individuals and entities topped 60k in April, up 25.4% y-o-y, according to Refinitiv data cited by Bloomberg. More than one in four countries are subject to some form of United Nations or Western sanctions and 29% of global GDP output takes […]
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Maersk adds Sohar Port to its shipping line linking India, UAE + Dubai deploys motorbikes for delivery. PLUS: News from Adani Group, SCZone, FedEx, Magrabi, Damietta Port Authority, Qatari and KSA customs, Istanbul-Tehran-Islamabad train, Iraqi Republic Railways and the Saudi Transport Authority
SHIPPING LINES- Logistics giant AP Moller-Maersk intends to add Sohar Port to its Shaheen Express shipping service,connecting it with Jebel Ali in the UAE and Mundra and Pipavav in India, to strengthen the India-UAE-Oman corridor, according to a statement. The new service will see improvements in transit times for several inbound corridors, including Port Said […]
Is an end to West Coast port disruptions near? PLUS: Walmart establishes largest US fulfillment center + Electric truck maker lay
US West Coast dockworkers could receive a 32% pay increase through 2028 along with a one time “hero bonus” out of a total USD 70 mn earmarked for those who worked through covid-19, the Wall Street Journal reports, citing unnamed sources. Under the tentative agreement, dockworkers would receive a raise of USD 4.62 per hour […]
JUNE June: Suez Canal Economic Zone holds a roadshow in Delhi. 19-21 June (Monday-Wednesday): Coupa Inspire, ExCel, London, UK. 20-21 June (Tuesday-Wednesday): Jordan-Iraq Economic Forum, Amman, Jordan. 20-23 June (Tuesday-Friday): Conference on the Marine Transportation System Innovative Science and Technologies Toward Greater Sustainability, Washington DC, US. 21-23 June (Friday-Sunday): Eurasia Rail, Istanbul Expo Center, Istanbul. […]
TODAY: More updates on Iraq’s Development Road Project + VC activity for supply chain startups fell in 1Q 2023
Good morning, wonderful people. It’s an eventful end of the week in the logistics world, with plenty of updates from the maritime, trucking, and aviation industries in the region. THE BIG LOGISTICS STORIES- The Saudi Ports Authority (Mawani) has inked an agreement to establish a SAR 2 bn integrated bunkering center in King Fahad Industrial […]
Mawani inks agreement for bunkering center in King Fahad Industrial Port
The center will serve as a location for storing, mixing and trading petroleum products
KAIA airport in Jeddah to undergo USD 31 bn expansion, including brand new logistics area
The expansion will see the airport house a new terminal, logistics area, baggage handling facility and runway
FAMCO rolls out new line of heavy-duty Volvo trucks for UAE
The new lines come with features to help boost operational and fuel efficiency
Morocco’s national carrier is looking to bolster its fleet + add new routes
The airline wants to make its base in Casablanca a transit hub for sub-Saharan traffic