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DP World forms JV with Russia’s Rosatom to establish global logistics operator
Rosatom and DP World aim to facilitate logistics integration between BRICS members and partner countries
Russia transports 21% of LNG exports through EU ports, despite sanctions + US-China decoupling is leaving a mark
EU ports are helping facilitate transshipments of Russian LNG, despite imports being banned by the UK and Netherlands, Financial Times…
US levies sanctions on three UAE-based shipowners for violating G7 price cap on Russian crude
The sanctions include a freeze on the shipowners’ assets in the US, as well as banning US firms from interacting…
Egypt joins Afreximbank’s USD 2 bn food security agreement + Saudi Air Navigation Services subsidiary taps Nera for air traffic management support
TRADE- Egypt joins Afrixembank’s USD 2 bn food security initiative: Egypt inked a framework agreement for the African Export-Import Bank’s…
Africa could get a US, EU-backed railway to trade in EV minerals + US removes four African countries from zero-tariff list
US + EU plan USD 1 bn+ Africa rail link for EV minerals: The US is looking to help develop…
Egypt, Sierra Leone explore cargo flight operations + Iran, Russia eye stronger trade and customs ties
Egypt + Sierra Leone discuss potential operation of cargo flights: Egyptian Civil Aviation Minister Mohamed Abbas Helmi met with Sierra…
The US’ price cap on Russian crude oil is giving rise to more shadow tankers, and is hiking freight rates + Biden suggests IMEC triggered Hamas attack on Israel
US crackdown on oil shippers for violating Russia sanctions could divert cargoes to more shadow tankers: Industry insiders are warning…
Iran + Russia to put forward USD 38 bn for INSTC
The countries will pour investments into infrastructure developments and purchasing equipment
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