More than 10k vessels are at risk of being scrapped if they fail to comply with the International Maritime Organization’s (IMO) new carbon targets, Hellenic Shipping News reports. Shipowners must upgrade their carbon intensity indicator technology (CII) to comply with the IMO’s reduction targets, which stipulate that ships cut emissions by 20% by 2030, and […]
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Iraqi Airways eyes fleet expansion by 2027 + AD Ports Group, partners to roll out marine fueling stations in Abu Dhabi. PLUS: More from FedEx Express, Japan Airlines, Oman and IMO
SHIPPING + MARITIME- New consortium looks to roll out marine refueling and retail concepts in Abu Dhabi: AD Ports Group subsidiary Abu Dhabi Maritime, ADNOC Distribution, and Abu Dhabi’s Department of Municipalities and Transport (DMT) have inked an MoU to explore marine fuel and retail offerings to enhance Abu Dhabi’s maritime services, according to a […]
Potential UPS strike could disrupt supply chains
Potential UPS strike could disrupt the movement of some 19 mn packages a day: A potential strike by 340k unionized workers at United Parcel Service (UPS) could set back the progress made in addressing inflation and supply-chain disruptions in the US, Bloombergreports. If no labor agreement is reached by 1 August, the walkout could disrupt […]
JULY 17-28 (Monday-Friday): The fourth round of negotiations between the GCC and the UK for a trade agreement will take place in London. 24-25 July (Monday-Tuesday): ICSG Istanbul, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 28 August (Monday): Registration for Emirates Postal Group’s Logistics […]
TODAY: Russia’s exit from the Black Sea grain pact is already harming global trade + Will the UAE snag a contract for another terminal at Pakistan’s Karachi Port?
Good morning, friends, and welcome back. We have a packed issue for you this morning, as we return from a long weekend that saw plenty of updates on the diplo and freezones fronts in the region. THE BIG LOGISTICS STORIES- Iraq and Iran are planning to establish a joint freezone on their shared border by […]
Iran + Iraq to open joint freezone by 2024
The freezone will help Iraq leverage Iran’s access to the Indian Ocean to export its products
UAE + Japanese firms to establish low-carbon iron supply chain hub in Abu Dhabi
AD Ports will offer maritime and logistics services to facilitate imports and exports for the hub
Food delivery company Delivery Hero fully acquires its Saudi subsidiary HungerStation
The acquisition will see Delivery Hero boost Hunger Station’s operations through knowledge sharing and tech integration