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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 […]
Author Archives: enterpriseam admin
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 […]
Posted inWhat we're tracking today
TODAY: Iraq to host regional ministers to discuss economic cooperation + SCZone in China
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, […]
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