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Budget Saudi unit acquires 70% of UAE freight forwarder Overseas Development
Details on follow-on acquisitions of shares in KSA and Kuwait have not been disclosed
TODAY: Kuwait’s Shuwaikh Port might be getting a new logistics hub
What we’re tracking this morning regionally and around the world
ADC + ACT team up on hazmat yard, Tunisair preps for summer peak season, Qatar Energy + Craig International ink MRO agreement
PORTS- ADC + ACT to manage Aqaba Zone’s hazardous materials yard: The AqabaDevelopment Corporation (ADC) and Aqaba Container Terminal (ACT)…
TODAY: AD Ports will develop Iraq’s Grand Faw Port
What we’re tracking this morning regionally and around the world
Mawani + SAR ink partnership to boost rail and maritime connectivity in Saudi Arabia
The agreement looks to boost railway service for exporters and importers at the Kingdom’s major industrial and commercial ports
Alexandria’s Chamber of Shipping updates sea freight rates for April to June
Alexandria’s Chamber of Shipping has updated the average sea freight rates for its containers for April to June
ADIB extends USD 235 mn syndicated loan to Al Seer Marine + BGN to finance VLGCs
The loan is part of a wider USD 370 mn syndicated loan to finance the construction of VLGCs
ONE eyes 3 mn TEU capacity by 2030 + Alibaba calls of IPO of logistics arm Cainiao
ONE plans to invest USD 25 bn in capital and USD 10 bn in associated assets over the next five…
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