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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. 16-23 May (Tuesday-Tuesday): Subscription window will be open for retail Investors for […]
Author Archives: enterpriseam admin
Posted inWhat we're tracking today
TODAY: UK-GCC trade talks continue this week + Iran, Russia make more progress on transport corridor
Good morning, friends. It’s shaping up to be a busy week in the logistics world, with plenty of updates on the shipping front and in capital markets. THE BIG LOGISTICS STORIES- Adnoc L&S has upped the size of its IPO on strong investor demand, while DP World has launched the first direct freight service between […]
Posted inIPO Watch
Adnoc bumps size of Adnoc L&S IPO on strong investor demand, a day before subscription closes
The IPO has seen significant investor demand across all tranches
Posted inFREIGHT
DP World launches direct freight service between UAE and Iraq
The direct trailer-ferry service will connect the ports within 36 hours
Posted inRail
Alstom looking to debut hydrogen trains in KSA before year’s end
Alstom is currently in talks with hydrogen suppliers to provide hydrogen for its project
Posted inLogistics in the News
US ports are suffering from an import “hangover” + Alibaba spins off cloud division
US ports are experiencing a “hangover” from the shipping surge in 2021 + 2022: Seaports in the US are facing a challenging year, with imports falling y-o-y at double digits for months, despite consistently seeing monthly increases of imports,the Wall Street Journal reports. Business has been rising on a m-o-m basis, surpassing box volumes pre-pandemic […]
Posted inAlso on Our Radar
UAE’s Sharaf Group partners up with SMAG on logistics services. PLUS: News from Densay Shipping, Gulfnav and Transworld
SHIPPING- UAE shipping firm Sharaf Group and Italy’s SMAG have inked an MoU oncooperation in logistics and shipping services, according to WAM. The two sides will work to enhance trade and investment cooperation in several areas including air and sea freight, warehousing, and logistics services. The signing took place at the Investopia Europe event in […]
Posted inAround the World
Norway’s OSM + Singapore’s Thome merger approved by authorities
OSM + Thome merger gets regulatory green light: Regulators have approved the merger of OSM Maritime Group and Thome Group in what is reportedly “the largest ship management merger ever,” according to a press release. The merged entity, OSM Thome, will be based in Norway with operations in 22 countries, the release said. OSM Thome, […]
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. 16-23 May (Tuesday-Tuesday): Subscription window will be open for retail Investors for […]