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Good morning, friends. We have a busy post-weekend issue for you this morning, with lots of big updates from the region on everything from railways to maritime shipping. THE BIG LOGISTICS STORY- Iran and Russia will build the Rasht-Astara railway, which will complete the 7.2k-km International North-South Transport Corridor (INSTC) — a network of ship, […]
Author Archives: enterpriseam admin
Posted inRail
Iran and Russia ink EUR 1.6 bn agreement to build Rasht-Astara railway
The railway could be a major global trade artery, potentially rivaling the Suez Canal
Posted inRail
Neom invites bids for high-speed railway rolling stock tender
The rolling stock will be used for the Connector South and the Spine railways in Neom
Posted inDebt Watch
DP World’s long-term issuer default rating upgraded
The company has significantly reduced its debt and improved its financial position, Fitch says
Posted inMARITIME
Minerva Bunkering eyes 8k ships for Suez Canal’s bunkering services
The average cost of bunkering services is around USD 120k a day
Posted inDiplomacy
UAE, Bosnia-Herzegovina in trade talks + Indonesia, Iran set for trade agreement. PLUS: Turkey + Qatar want to boost cooperation on transport
UAE + Bosnia-Herzegovina discuss boosting trade and investment ties: UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and Bosnia-Herzegovina’s Foreign Trade and Economic Relations Minister Stasa Kosarac discussed potential trade during a meeting, Emirati state news agency WAM reports. This follows numerous bilateral discussions held recently by the UAE with seniors and officials from […]
Posted inLogistics in the News
Ship recycling could increase by double over the next decade
Ship recycling industry expected to surge: Some 15k ships with a deadweight capacity of over 600 mn tons could be recycled by 2032, more than twice the amount recycled over the past decade, according to international shipping association BIMCO. The deadweight capacity of ships has been rising over the decades, which explains the increase of […]
Posted inAlso on Our Radar
Etihad Rail inks seven MoUs + AD Ports to develop Karashi ports. PLUS: News from Royal Jordanian, IndiGo, WEE, Dubai Maritime Authority, Etihad Cargo and Egypt’s tax authority
RAIL- Etihad Rail signs seven agreements at Middle East Rail 2023:Etihad Rail inked seven agreements with local and global partners at the closing of Middle East Rail 2023,according to company statements. The most important of these wasa 20-year partnership with DHL Global Forwarding that will see the establishment of a JV enabling DHL to employ […]
Posted inAround the World
New US sanctions on Russia target economy and military trade with Iran
Washington has announced a fresh set of sanctions against Russia, including measures that target its military trade links with Iran, according to a White House statement. The latest sanctions take aim at Russia’s war efforts, energy sector, and access to international finances. The measures also aim to close loopholes around sanctions and bolster efforts to […]