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Hapag Lloyd CEO warns that shipping rates are at “unsustainable levels”: Container shipping freight rates have fallen to unsustainable levels,Hapag Lloyd CEO Rolf Habben Jansen said in a call with journalists, according to Reuters. There is an urgent need for rates to rebound and that some spot rates are “below cost,” Habben Jansen said. “In […]
Author Archives: enterpriseam admin
Posted inAlso on Our Radar
Adnoc L&S gets EPC contract for offshore island. PLUS: News from Bahri, DMCC, Jazan Economic Zone, Aqaba and Huawei
MARITIME- Bahri Line and Katoen Natie ink stevedoring agreement: The shipping subsidiary of Saudi Arabia’s national shipping carrier Bahri,Bahri Line, has signed an agreement with Belgium-based logistics service provider Katoen Natie for cargo handling services in the Port of Antwerp, according to a company statement. The agreement aims to optimize supply management for Bahri Line […]
Posted inAround the World
More sustainable aviation fuel progress + Airbus ups aircraft deliveries. PLUS: MSC slapped with USD 9.8 mn fine
Aramco, Eni + United Airlines invest in aviation fuel R&D: The venture units of Saudi Aramco and ENI, as well as United Airlines, have joined forces to invest in UK-based sustainability startup OXCUU’s drive to make low-carbon aviation fuel more affordable,Reuters reported last week. The initiative — spearheaded by US-based investor Clean Energy Ventures — […]
Posted inCalendar
JUNE June: Suez Canal Economic Zone holds a roadshow in Delhi. 11-12 June (Sunday-Monday): Arab-China Business Conference, King Abdul Aziz International Conference Center, Riyadh, KSA. 12-15 June (Monday-Thursday): Saudi Plastics & Petrochem, Riyadh, KSA. 13-15 June (Tuesday-Thursday): Terminal Operators Conference Europe (TOC), Rotterdam, Netherlands. 14 June (Wednesday): Iraq will hold a press conference on its […]
Posted inWhat we're tracking today
TODAY: QatarEnergy in talks for LNG vessels + Middle East carriers could be in for a full recovery by 2024
Good morning, everyone. We cap off the week with another light issue, as the newsflow continues to crawl through the end of the week. THE BIG LOGISTICS STORY- Bunkering services provider Peninsula has launched operations in the Suez Canal, a couple of weeks after Minerva kicked off its operations. Over in Saudi Arabia, PIF-owned lessor […]
Posted inMARITIME
Peninsula is now providing bunkering services in SCZone Ports
The move follows Minerva’s kickoff of operations late last month
Posted inDebt Watch
Riyadh-based jet lessor AviLease obtains USD 1.1 bn five-year loan to expand fleet
The company is planning to have a fleet of about 300 aircraft by the end of the decade
Posted inDiplomacy
Qatar and Kyrgyzstan strengthen customs cooperation + KSA, Latvia to promote trade and investment ties
Qatar and Kyrgyzstan ink several customs-related agreements in Bishkek: Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and Kyrgyzstan President Sadyr Japarov inked several agreements, including on customs legislation, QNAreports. The two leaders agreed on the “mutual administrative assistance for the optimal application of customs legislation,” as well as investigating and combating customs crimes. The […]
Posted inKudos
Qatar Airways’ ground handling subsidiary achieves environmental management certificate from IATA + AD Ports snags Harvard Business Council International awards
Qatar Aviation Services (QAS) becomes world’s first environmentally certified ground + cargo handler: Qatar Airways’ ground handling subsidiary Qatar Aviation Services received the International Air Transport Association (IATA) environmental management system certification, highlighting its commitment to environmental sustainability, according to a press release. QAS’ certification covers its “offices and workshop buildings, ground handling operations and […]