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Author Archives: enterpriseam admin
Egypt launches new high capacity port terminal at Alexandria Port
The terminal will help boost the port’s revenues by USD 50 mn a year, and shorten waiting times for docked ships
Abu Dhabi will get a new passenger-to-freighter conversion facility by July
Abu Dhabi International Airport could see the launch of the Israel Aerospace Industries (IAI) Boeing 777 passenger-to-freight (P2F) conversion facility by 2H 2023, Aviation International Online (AIN) quotes IAI Aviation Group VP and General Manager Shmuel Kuzi as saying. Conversion work at the site should kick off around “June or the beginning of July,” Kuzi […]
DP World pours GBP 12 mn into 8 straddle carriers for its London Gateway
The straddle will be used at the company’s fourth berth in London Gateway, which will have all-electric equipment
Egypt applies to join BRICS alliance + negotiates credit line with India as it looks to boost non-USD trade
Egypt is negotiating several agreements to allow it to trade in currencies besides the USD amid ongoing FX shortage
Saudi Arabia + Iran discuss maritime security and trade + Qatar and Korea discuss boosting trade. PLUS: Tunisia, Malta discuss transport, trade + UAE, Brazil discuss aviation, logistics and transport cooperation
Saudi + Iranian foreign ministers discuss security + trade in Tehran: Irani Foreign Minister Hossein Amirabdollahian and his Saudi counterpart, Faisal Bin Farhan Al Saud, met in Tehran to discuss regional security and maintaining “positive” relations, Saudi news agency SPA reports. The ministers discussed topics ranging from offshore security in the region to “sustainable trade, […]
Global sanctions are prompting an increase in murky trade + Russia’s financing Iranian infrastructure projects to secure alternative trade routes
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 […]
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. […]