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ENERGY- ADNOC Logistics & Services (ADNOC L&S) has successfully berthed an LNG carrier at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, according to a press release. The LNG carrier, Ish, is now being commissioned as a Floating Storage Unit (FSU) at the new terminal which is the first of its kind in […]
Author Archives: enterpriseam admin
Posted inAround the World
US, Iran seize oil tankers as tensions rise. PLUS: California plans phase-out of diesel powered trucks
The US and Iran play Battleship with oil tankers: US authorities last week seized a tanker carrying Iranian crude on its way to China, prompting Tehran to capture a US-bound vessel carrying Kuwaiti crude, the Financial Times reports. Washington’s move is the latest in its efforts to enforce its sanctions against the Iranian oil trade […]
Posted inCalendar
MAY May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made electric cargo transport vehicle. 1-4 May (Monday-Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 4 […]
Posted inWhat we're tracking today
TODAY: Qatar to switch 35% of vehicles and 100% buses to electric by 2030 + Suez Canal Authority adjusts fixed rebates for vessels altering their destinations + Kuwait extends deadline for railway consultancy contract
Good morning, friends. The region appears to still be shaking off the Eid cobwebs as we ease back into the flow of things, giving us a relatively quiet morning in the world of Logistics. THE BIG LOGISTICS STORY- The Salalah Freezone has signed an OMR 88.5 mn (USD 230 mn) investment agreement with Chinese silicon […]
Posted inZones
Salalah Freezone signs USD 230 mn investment agreement with Chinese silicon company for production plant
The production capacity of packaging paper annually will be 300k tons
Posted inTrade
Tunisia is now ready to implement AfCFTA agreement
Any business wanting to trade within the freetrade area can now use an AfCFTA certificate of origin document
Posted inThe Big Read
Russian oil exports are helping the UAE become a major crude oil hub
Well-developed maritime shipping and ins. sectors are the UAE’s golden ticket
Posted inLogistics in the News
UPS reports lower 1Q 2023 revenue as freight volumes remain strained
UPS’ revenues fell 6% y-o-y in 1Q 2023 to USD 22.9 bn, according to the company’s earningsrelease (pdf). The quarter’s revenues fall short of analysts' average estimate of USD 23 bn, which “demonstrates that the economy is slowing and the company is seeing volume risk in 2023,” Third Bridge analyst Anthony DeRuijter said, Reuters reports. […]
Posted inAlso on Our Radar
Egypt’s AAST to roll out locally-made electric cargo EV next month
AAST to launch two models of light EVs over the coming six months: Egypt’sArabAcademy for Science, Technology and Maritime Transport (AAST) is working to start rolling out its first locally-made electric cargo transport vehicle next month, Dean of Applied Research at the AAST Mohamed El Ghamry told Egyptian state-run MENA news agency. The car aims […]