{"id":70000,"date":"2023-04-05T00:00:00","date_gmt":"2023-04-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=70000"},"modified":"2025-12-15T12:22:57","modified_gmt":"2025-12-15T12:22:57","slug":"its-pmi-week-financing-galore-in-logistics-land","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/its-pmi-week-financing-galore-in-logistics-land\/","title":{"rendered":"It\u2019s PMI week + financing galore in logistics land"},"content":{"rendered":"<section id=\"70002\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70002\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What we're tracking today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/today-three-countries-pmis-are-out-its-looking-bleak-for-container-shipping-lines-this-year\/\">\r\n                            TODAY: Three countries\u2019 PMIs are out + It\u2019s looking bleak for container shipping lines this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/219.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"219.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/219.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/219.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70002\" class=\"content-area-description single-story post-70002 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterprise-logistics tag-pmi tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.1fae05c3-49c3-429d-a0ad-9ded12ebad99.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, everyone. <\/span><span>We have another packed issue for you, with the big story this morning being that <\/span><span style=\"font-weight:700\">purchasing managers\u2019 indices from Saudi Arabia, Qatar and<\/span><span style=\"font-weight:700\"> Egypt tell different stories <\/span><span style=\"font-weight:400;\">of business sentiment, demand and inventory levels across non-oil private firms in March.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">^^ We have chapter and verse <\/span><span style=\"font-weight:700\">on the story <\/span><span style=\"font-weight:400;\">in this morning\u2019s news well, below.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019re sorry to be a few minutes late this morning<\/span><span style=\"font-weight:400;\"> \u2014 we had a small glitch in the machine that has now been fixed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE-<\/span><span style=\"font-weight:700\">Egyptian Prime Minister Moustafa Madbouly wants to <\/span><span style=\"font-weight:700\">form a <\/span><span style=\"font-weight:700\">committee to study proposals for incentives and service offerings in <\/span><span style=\"font-weight:700\">free<\/span><span style=\"font-weight:700\">zones<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3Kwjdaa\" style=\"\">statement<\/a><\/span><span> from the <\/span><span style=\"font-weight:400;\">General Authority for Freezones and Investment (GAFI). The aim is to drum up investment across a range of sectors, create jobs, enhance competitiveness in foreign markets, as well as attract FX by boosting Egyptian exports, Madbouly said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">DATA POINT- Turkey\u2019s trade deficit widened 3.7% year-on-year in March<\/span><span style=\"\">, <\/span><span>growing to USD 8.57 bn fr<\/span><span>om USD 8.27 bn, as \u201crecord exports failed to offset rising imports of gold and vehicles,\u201d <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-04\/turkey-trade-deficit-grows-as-easing-semiconductor-chip-crisis-boosts-car-demand?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports, citing preliminary data from Turkey\u2019s Trade Ministry. Gold imports, which rose 63% y-o-y to USD 1.7 bn, are used to hedge against inflation and the falling value of the TRY. The trade deficit in 1Q 2023 rose to 31.5% y-o-y to USD 34.9 bn, as exports rose 4.4% y-o-y to a USD 23.6 bn, while imports rose 4.2% y-o-y to USD 32.2 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a> <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.mwani.com.qa\/English\/AboutUs\/Pages\/default.aspx\" style=\"\">Mwani Qatar<\/a><\/span><span style=\"font-weight:700\">, the country\u2019s seaport and shipping terminal operator, handled 30% <\/span><span style=\"font-weight:700\">more cargo in 1Q 2023 compared with the same period last<\/span><span style=\"font-weight:700\"> year<\/span><span>, it said on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/MwaniQtr\/status\/1643139541664923648?cxt=HHwWgICwlaOtzc0tAAAA\" style=\"\">Twitter<\/a><\/span><span>. The authority handled 617.6k tons of general and bulk cargo during the quarter, while livestock volume surged 161%, vehicles rose 9%, and vessels 1% y-o<\/span><span>-<\/span><span style=\"font-weight:400;\">y. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt1\"><\/a><\/span><span style=\"\"> <\/span><span style=\"font-weight:700\">Earnings at container shipping lines could fall 80% y-o-y this <\/span><span style=\"font-weight:700\">year amid global <\/span><span style=\"font-weight:700\">trade slowdown:<\/span><span> Shipping firms could earn some<\/span><span> USD 43 bn in net income this year, which would mark a drop of nearly 80% from their record net income in 2022 as they face a glut in capacity, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-04-04\/supply-chain-latest-inland-empire-shows-sign-of-slowing-after-pandemic-boom\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">reports, citing a note from an industry analyst. Look for earnings to dip in successive quarters this year, Blue Alpha Capital\u2019s John McCown wrote.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt5\"><\/a> <\/span><span style=\"font-weight:700\">Record flows of Russian diesel poured into the Middle East in March<\/span><span style=\"\">, as traders<\/span><span> looked to benefit from low prices at the UAE\u2019s Fujairah hub and Saudi Arabia, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/record-flows-russian-diesel-mideast-boost-exports-europe-africa-2023-04-04\/\" style=\"\">Reuters<\/a><\/span><span> reports. The story is a follow-on to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1dc64af4-45ad-4bdf-8053-43423812e219\" style=\"\">report on Monday<\/a><\/span><span> that noted Russia\u2019s diesel exports had risen 12% month-on-month in March. At least 500k tons of Russian diesel were unloaded at ports in the UAE and Saudi Arabia throughout the month (three-fifths of it in the UAE), the newswire reported, citing data from <\/span><span>Refinitiv, Kpler and Vortexa<\/span><span>. Restrictions on Western ins. for Russian oil has led traders to opt for <\/span><span>storing the oil<\/span><span style=\"font-weight:400;\"> at hubs such as Fujairah before re-exporting it.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Middle Eastern countries are stepping up + boosting diesel exports: <\/span><span>\u201c<\/span><span style=\"font-weight:400;\">Middle Eastern exports [of diesel] to Asia rose to 150k barrels a day in March, filling some of the void left by slower Chinese exports,\u201d Energy Aspects analysts said in a note picked up by Reuters. Saudi Arabia ramped up diesel exports from Yanbu and Rabigh to Europe, the data showed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70004\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ksa-qatar-see-non-oil-private-sector-grow-as-egypts-falls-deeper-into-contraction-territory\/\">\r\n                            KSA + Qatar see non-oil private sector grow, as Egypt\u2019s falls deeper into contraction territory                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ksa-qatar-see-non-oil-private-sector-grow-as-egypts-falls-deeper-into-contraction-territory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ksa-qatar-see-non-oil-private-sector-grow-as-egypts-falls-deeper-into-contraction-territory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/210.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70006\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ksa-qatar-see-non-oil-private-sector-grow-as-egypts-falls-deeper-into-contraction-territory\/210-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/210.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"210.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/210.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/210.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70005\" class=\"content-area-description single-story post-70005 post type-post status-publish format-standard has-post-thumbnail hentry category-purchasing tag-enterprise-logistics tag-exports tag-manufacturing tag-purchasing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.1fae05c3-49c3-429d-a0ad-9ded12ebad99.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Non-oil private sector continues to boom in KSA + Qatar, while Egypt\u2019s <\/span><span style=\"font-weight:700\">contracts<\/span><span style=\"font-weight:700\"> again:<\/span><span style=\"\"> Purchasing managers\u2019 indices (PMI) tracking non-oil private sector activity in <\/span><span style=\"\">March in Saudi Arabia, Qatar and Egypt released yesterday tell different stories of demand, market conditions, and business sentiment across the Middle East. While Saudi Arabia\u2019s PMI rose amid a boost in exports, Qatar saw fast growth in output as purchasing prices continued to ease. On a more bleak note, Egypt\u2019s PMI showed<\/span><span style=\"\"> the 28th consecutive month of contraction in private sector activity<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Saudi Arabia\u2019s non-oil sector continued to boom in March,<\/span><span style=\"font-weight:700\">albeit at a slightly slower pace<\/span><span style=\"font-weight:700\">than February<\/span><span style=\"\">, according to Riyad Bank and S&P Global\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/KSA%20PMI_204.pdf\" style=\"\">PMI for Saudi Arabia (<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/KSA%20PMI_204.pdf\" style=\"\">pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/KSA%20PMI_204.pdf\" style=\"\">)<\/a><\/span><span style=\"font-weight:400;\">. PMI readings for March came in at 58.7, a notch below February\u2019s near-eight-year high of 59.8. The index continues to track well above the 50.0 mark separating growth from contraction. \u201cSupportive government policies, along with improving demand,\u201d buoyed the sector despite global economic headwinds and uncertainty in the global economy, Naif Al Ghaith, chief economist at Riyad bank, said in his note. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Saudi firms saw a big rise in exports:<\/span><span style=\"font-weight:400;\"> Improvements in the kingdom\u2019s industrial landscape helped manufacturers diversify their production and compete better in foreign markets, while the depreciating USD made Saudi exports more affordable in international markets battered by inflation, Al Ghaith said. Firms raced to make new hires and new purchases as business capacity remained tight, according to the survey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Qatar\u2019s non-oil sector was similarly upbeat, with the PMI coming in at 53.8 in March<\/span><span style=\"\">, up from 51.9 in February, according to Qatar Financial Centre and S&P Global\u2019s Qatar <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Qatar%20PMI_205.pdf\" style=\"\">PMI (<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Qatar%20PMI_205.pdf\" style=\"\">pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Qatar%20PMI_205.pdf\" style=\"\">)<\/a><\/span><span style=\"font-weight:400;\">. The index rose for the fourth time in five months and stayed above the long-run trend PMI figure of 52.2. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Growth in output and new business were the main drivers for the increase in March<\/span><span style=\"font-weight:400;\">, according to the report. Increases in customers, tourism, and investments, as well as successful marketing drives benefited firms across sectors, with the wholesale and retail services sectors registering the fastest increases in growth and new orders. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This was helped further by easing inflationary pressures<\/span><span style=\"font-weight:400;\">, underscored by the negligible rises in purchase prices and the fact that prices for goods and services declined for the second time in three months, albeit marginally. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">On the other hand, activity in Egypt\u2019s non-oil private sector declined again<\/span><span style=\"\">, according to S&P Global\u2019s Egypt <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Egypt%20PMI%20march_203.pdf\" style=\"\">PMI (<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Egypt%20PMI%20march_203.pdf\" style=\"\">pdf<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/Egypt%20PMI%20march_203.pdf\" style=\"\">)<\/a><\/span><span style=\"font-weight:400;\">. The PMI reading dropped slightly to 46.7 in March from 46.9 in February, \u201crounding off a bleak first quarter of 2023,\u201d according to Senior Economist at S&P Global Market Intelligence David Owen. Both output and new orders fell sharply, S&P said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A \u201ccost-of-living-crisis,\u201d as S&P called it, continued to weigh heavily on Egypt\u2019s non-oil private sector<\/span><span style=\"\">, with inflation reaching a five-and-a-half year high of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43c9a65b-6ab3-459d-b3b2-f9114f0fb374\" style=\"\">31.9% in February<\/a><\/span><span style=\"font-weight:400;\">. Inflation has been driven largely by successive devaluations of the EGP, it said. Egyptian firms had to contend with lower demand and fewer new orders as local consumers saw their purchasing power dwindle. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Output also took a hit as Egyptian firms struggled to access key materials due to import controls and FX restrictions.<\/span><span style=\"font-weight:400;\"> This meant that some firms had to gnaw at their inventories to meet the gap in purchasing, resulting in a slight fall in inventory stocks. Concurrently, companies in Egypt cut their headcount on the back of sluggish orders. Firms in the manufacturing, construction, and wholesale and retail sectors experienced further heavy falls in output and new orders in March, whereas the services sector saw more positive movement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Backlogged work fell at the sharpest pace in a year<\/span><span style=\"font-weight:400;\">, indicating spare capacity amid weak client demand. Vendor performance also took a hit for the fifth month running on the back of customs restrictions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Light at the end of the tunnel for Egypt? <\/span><span style=\"font-weight:400;\">The rate of inflation faced by businesses was lower than that observed earlier in the year. Moreover, Egyptian firms put a stay on price hikes in order to stimulate demand by consumers. Finally, relative stability in the FX market adds to hopes that \u201cpeak of inflation could be near,\u201d according to David Owen\u2019s comment on the report. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE- The UAE\u2019s PMI will be out today. <\/span><span style=\"font-weight:400;\">We\u2019ll have coverage in tomorrow morning\u2019s edition.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/exports\/\">exports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/purchasing\/\">PURCHASING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70007\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70007\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/etihad-rails-freight-services-are-now-fully-operational\/\">\r\n                            Etihad Rail\u2019s freight services are now fully operational                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/etihad-rails-freight-services-are-now-fully-operational\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The 900 km national network <\/span><span style=\"\">connects four major ports and seven logistics centers across the country, with a<\/span><span> fleet made up of 38 locomotives and more than 1k wagons. Its main line stretches from Al Ghuwaifat on the Saudi Arabia border to Fujairah, according to a company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.etihadrail.ae\/post\/his-highness-sheikh-mohammed-bin-rashid-vice-president-and-prime-minister-and-ruler-of-dubai-announces-the-completion-of-the-uae-national-rail-network\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About the railway:<\/span><span> The 900 km national railway network connects all seven emirates and can transport up to 60 mn tons of goods annually, according to a company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.etihadrail.ae\/post\/his-highness-sheikh-mohammed-bin-rashid-vice-president-and-prime-minister-and-ruler-of-dubai-announces-the-completion-of-the-uae-national-rail-network\" style=\"\">statement<\/a><\/span><span>. It provides \u201cmore reliable, sustainable, safer and cheaper solutions\u201d and opens \u201cmore trade routes,\u201d the operator said in a video posted on Twitter. <\/span><span style=\"\">When complete, the rail network \u2014 including passenger services \u2014 will stretch some 1.2k km across the country and slash carbon emissions by up to 80%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Refresher: <\/span><span style=\"font-weight:400;\">The first stage of the network has been fully operational since January 2016, while the second stage of the project commenced in early 2020. The freight line was officially inaugurated in February. <\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/etihad-rail\/\">Etihad Rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/freight\/\">freight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70009\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70009\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Debt Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ad-ports-bags-usd-2-bn-syndicated-facility-from-13-regional-intl-banks\/\">\r\n                            AD Ports bags USD 2 bn syndicated facility from 13 regional + int\u2019l banks                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/ad-ports-bags-usd-2-bn-syndicated-facility-from-13-regional-intl-banks\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The facility\u2019s three tranches include one worth AED 2.9 bn, another coming in at EUR 600 mn, and a third worth USD 620 mn \u2014 all with a tenor of 30 months. The facility was 3.7x oversubscribed, drawing some USD 7.4 bn in demand, according to the statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span> AD Ports released no information on the pricing of the facility, but said it had managed to secure a more favorable rate than it did in 2021, when it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=4014488&lang=en-GB&companycode=ae-ports&v=\" style=\"\">issued<\/a><\/span><span> USD 1 bn worth of bonds at an annual rate of 2.<\/span><span>5<\/span><span style=\"font-weight:400;\">%. The statement did not disclose where the funds will be directed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The banks involved:<\/span><span style=\"font-weight:400;\">First Abu Dhabi Bank and Citibank were co-ordinators and bookrunners for the transaction. Mizuho Bank and Abu Dhabi Commercial Bank were also bookrunners. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Emirates NBD Capital were mandated lead arrangers, while HSBC Bank Middle East, Standard Chartered Bank, BNP Paribas, Cr\u00e9dit Agricole Corporate and Investment Bank, and Bank of China were lead arrangers. Sumitomo Mitsui Banking Corporation and Industrial and Commercial Bank of China acted as arrangers.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/abu-dhabi-ports\/\">Abu Dhabi Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/debt\/\">Debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70011\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70011\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/agility-hedges-dsv-investment-with-usd-1-bn-equity-collar\/\">\r\n                            Agility hedges DSV investment with USD 1 bn equity collar                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/agility-hedges-dsv-investment-with-usd-1-bn-equity-collar\/&title=Agility hedges DSV investment with USD 1 bn equity collar\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Agility+hedges+DSV+investment+with+USD+1+bn+equity+collar+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F05%2Fagility-hedges-dsv-investment-with-usd-1-bn-equity-collar%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/agility-hedges-dsv-investment-with-usd-1-bn-equity-collar\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/195.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70012\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/agility-hedges-dsv-investment-with-usd-1-bn-equity-collar\/195-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/195.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"195.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/195.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/195.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70011\" class=\"content-area-description single-story post-70011 post type-post status-publish format-standard has-post-thumbnail hentry category-finance tag-agility tag-enterprise-logistics tag-finance tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.1fae05c3-49c3-429d-a0ad-9ded12ebad99.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Kuwait's <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.agility.com\/en\/\" style=\"\">Agility<\/a><\/span><span style=\"font-weight:700\"> has entered into a derivative transaction with Morgan Stanley,<\/span><span style=\"font-weight:700\"> Citibank, <\/span><span style=\"font-weight:700\">National Association,<\/span><span style=\"font-weight:700\"> and Goldman Sachs Bank Europe<\/span><span style=\"\">, <\/span><span style=\"\">to hedge its investment in Danish global transport and logistics firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dsv.com\/\" style=\"\">DSV<\/a><\/span><span style=\"\">, the company said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agility.com\/en\/investor-relations-news\/agility-entered-into-multi-year-funded-equity-collar-agreements\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. Agility will be able to begin drawing down up to EUR 1 bn within a few weeks, according to the statement. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span style=\"font-weight:400;\"> As the equity collar agreement is funded, this will provide the company with EUR 1 bn of relatively \u201ccheaper liquidity,\u201d which in turn will strengthen Agility's balance sheet, the statement said. The collar agreement will be accounted as a fair value hedge, and be reflected in Agility's financial statements at fair value through comprehensive income. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background: <\/span><span>Agility is DSV\u2019s second largest shareho<\/span><span>lder, with an 8.8% stake<\/span><span> in the company. The logistics giant purchased the stake when it sold its subsidiary, <\/span><span>Global Integrated Logistics (GIL), to DSV in an all-share agreement in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dsv.com\/en\/about-dsv\/press\/news\/com\/2021\/08\/dsv-panalpina-as-completes-dkk-302-billion-acquisition-of-global-integrated-logistics-from-agility\" style=\"\">2021<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SOUND SMART- <\/span><span style=\"\">A collar agreement is a form of derivative where the investor <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.investopedia.com\/articles\/optioninvestor\/08\/protective-collar-bullish-collar.asp\" style=\"\">sells<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.investopedia.com\/articles\/optioninvestor\/08\/protective-collar-bullish-collar.asp\" style=\"\">a call option on a long stock position and buys a protective put<\/a><\/span><span style=\"font-weight:400;\"> option at the same time. It protects against downside risk in share price by creating a range of values (the \u201ccollar\u201d) within which the asset can trade during a specific time period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The rationale: <\/span><span style=\"font-weight:400;\">\u201cGiven continued market uncertainty and the significance of the DSV stake on Agility\u2019s overall value, Agility has undertaken this hedging transaction to protect the value of the investment and the shareholders\u2019 value,\u201d according to the statement. The derivative does not \u201cimply that the company is selling its DSV shares,\u201d it said, adding that it will enable Agility to \u201cbenefit, to some extent, from the increase in the rise in DSV share price, while at the same time limiting the impact of a possible decline in DSV stock price in the future within the agreed limits.\u201d <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI- <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agility.com\/en\/\" style=\"\">Agility\u2019s<\/a><\/span><span style=\"font-weight:400;\">net income fell 93% y-o-y to KWD 68 mn in FY 2022, after selling GIL. The Kuwaiti warehousing and industrial developer\u2019s revenues rose 77.6% during the year to reach KWD 863.4 mn.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/agility\/\">Agility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/finance\/\">finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70013\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70013\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/\">\r\n                            Amazon struggles to get drone deliveries off the ground + made-to-fit packaging is now a thing                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Amazon struggles to get drone deliveries off the ground + made-to-fit packaging is now a thing&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/&title=Amazon struggles to get drone deliveries off the ground + made-to-fit packaging is now a thing\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Amazon+struggles+to+get+drone+deliveries+off+the+ground+%2B+made-to-fit+packaging+is+now+a+thing+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F05%2Famazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/198.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70014\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/amazon-struggles-to-get-drone-deliveries-off-the-ground-made-to-fit-packaging-is-now-a-thing\/198-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70013\" class=\"content-area-description single-story post-70013 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-amazon tag-delivery tag-enterprise-logistics tag-logistics-in-the-news tag-retail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.1fae05c3-49c3-429d-a0ad-9ded12ebad99.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Made-to-fit packaging for online orders:<\/span><span style=\"\"> Online retailers including Amazon <\/span><span style=\"\">and Walmart are rolling out machines that make packages that are sized to fit the specific items being shipped, which should cut on cardboard waste, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/retailers-tackle-cardboard-overload-with-made-to-fit-boxes-8344cf4\" style=\"\">the Wall Street Journal<\/a><\/span><span style=\"font-weight:400;\"> reports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MEANWHILE- As UPS, Google, and Walmart move forward with drone deliveries, Amazon <\/span><span style=\"font-weight:700\">Prime <\/span><span style=\"font-weight:700\">Air struggles to get off the ground:<\/span><span style=\"\"> Layoffs, missing approvals from the Federal <\/span><span style=\"\">Aviation Administration (FAA), repeatedly failed drone delivery tests,<\/span><span style=\"\">and an inability to collect payments for drone deliveries<\/span><span style=\"\">have plagued Amazon and prevented their Prime Air services from taking off, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wired.com\/story\/crashes-and-layoffs-plague-amazons-drone-delivery-pilot\/\" style=\"\">Wired<\/a><\/span><span style=\"\"> reports. <\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/delivery\/\">delivery<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-in-the-news\/\">LOGISTICS IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70015\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70015\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/maersk-launches-air-freight-services-linking-china-us-hanwha-to-acquire-stake-in-daewoo-shipbuilding\/\">\r\n                            Maersk launches air freight services linking China, US + Hanwha to acquire stake in Daewoo Shipbuilding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/maersk-launches-air-freight-services-linking-china-us-hanwha-to-acquire-stake-in-daewoo-shipbuilding\/\" target=\"_blank\">\n                    Open in new tab                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Daewoo Shipbuilding\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Maersk+launches+air+freight+services+linking+China%2C+US+%2B+Hanwha+to+acquire+stake+in+Daewoo+Shipbuilding+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F05%2Fmaersk-launches-air-freight-services-linking-china-us-hanwha-to-acquire-stake-in-daewoo-shipbuilding%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/maersk-launches-air-freight-services-linking-china-us-hanwha-to-acquire-stake-in-daewoo-shipbuilding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/217.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70016\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/maersk-launches-air-freight-services-linking-china-us-hanwha-to-acquire-stake-in-daewoo-shipbuilding\/217-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/217.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"217.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/217.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/217.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70015\" class=\"content-area-description single-story post-70015 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-enterprise-logistics tag-freight tag-maersk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.1fae05c3-49c3-429d-a0ad-9ded12ebad99.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Danish<\/span><span style=\"font-weight:700\">Logistics company <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.maersk.com\/\" style=\"\">Maersk<\/a><\/span><span style=\"font-weight:700\"> has introduced two new air freight <\/span><span style=\"font-weight:700\">services <\/span><span style=\"font-weight:700\">linking China and the US<\/span><span>, the company said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/04\/04\/maersk-launches-new-us-china-air-cargo-link\" style=\"\">press release<\/a><\/span><span>. To start, the service will operate two weekly flights between <\/span><span style=\"\">Greenville-Spartanburg International Airport (GSP) and Shenyang Taoxian International Airport (SHE), and two weekly flights between Chicago Rockford International Airport (RFD) and Hangzhou Xiaoshan International Airport (HGH). These routes will operate three times per week in May 2023, and will be operated by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.amerijet.com\/\" style=\"\">Amerijet International<\/a><\/span><span style=\"font-weight:400;\">, a cargo airline headquartered in Miami.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">T<\/span><span style=\"font-weight:700\">he new service aims to \u201cplug a connectivity gap between the US and China.\u201d<\/span><span> Connecting the two largest markets for its ocean customers, the air services will add options for high value and time sensitive cargos, it said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Maersk is on a drive<\/span><span style=\"font-weight:700\"> to increase its air freight footprint in Asia: <\/span><span style=\"\">The company also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.maersk.com\/news\/articles\/2022\/10\/28\/maersk-launches-us-korea-air-freight-service\" style=\"\">launched<\/a><\/span><span style=\"\"> a US-Korea route in late 2022<\/span><span style=\"\">, and a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/03\/20\/maersk-launches-europe-china-air-freight-service-to-add-further-agility-to-customer-supply-chains\" style=\"\">Europe-China route<\/a><\/span><span style=\"\"> last month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">South Korean defense and energy conglomerate <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.hanwha.com\/en.html\" style=\"\">Hanwha<\/a><\/span><span style=\"font-weight:700\"> got the EU\u2019s greenlight<\/span><span style=\"font-weight:700\"> to acquire 49.3% of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.dsme.co.kr\/epub\/introduction\/introduction0101.do\" style=\"\">Daewoo Shipbuilding (DSME)<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/hanwha-group-gets-nod-from-eu-to-buy-daewoo-shipbuilding\/\" style=\"\">Hellenic Shipping News<\/a><\/span><span> reports, citing statements from company officials. Last year, Hanwha Group offered to buy the stake in DSME for USD 1.5 bn, but the transaction stalled after the EU initially <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_343\" style=\"\">rejected<\/a><\/span><span> it due to concerns over Hanwha\u2019s monopoly over liquified natural gas carriers<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/article\/hanwha-daewoo-shipbuilding-ma-idINL4N3361L5\" style=\"\">Reuters<\/a><\/span><span> reported. The EU \u2014 along with  Turkey, Japan, <\/span><span style=\"\">Vietnam, China, Singapore \u2014 later decided the merger is unlikely to limit competition. The transaction is now pending approval from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ftc.go.kr\/eng\/index.do\" style=\"\">Korea's Fair Trade Commission<\/a><\/span><span>. <\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/freight\/\">freight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maersk\/\">Maersk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70017\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70017\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Your Way Out<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/china-launches-underwater-data-center-in-hainan-province\/\">\r\n                            China launches underwater data center in Hainan Province                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/china-launches-underwater-data-center-in-hainan-province\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The data center consists of a shore station that emits signals to facilitate vessel navigation, an underwater relay station, submarine cables, and an underwater data terminal. The placement of data servers on the seabed allows the seawater to act as a natural coolant, which should save 30% on energy costs, according to the news outlet. It will also save land resources and enhance security.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The data center has a life expectancy of 25 years, and the ability to provide oxygen at a depth<\/span><span style=\"font-weight:700\"> of over 30 meters. <\/span><span>The construction of the data center was put forward as a way to develop China\u2019s infrastructure through the country\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adb.org\/sites\/default\/files\/publication\/705886\/14th-five-year-plan-high-quality-development-prc.pdf\" style=\"\">14th five-year plan for marine economic development of Hainan Province<\/a><\/span><span style=\"font-weight:400;\">, where a total of 100 underwater data cabins will be set up.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/data-center\/\">data center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70019\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/05\/70019\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70019\" class=\"content-area-description single-story post-70019 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE191\" style=\"\">Intermodal Africa<\/a><\/span><span style=\"font-weight:400;\">, Durban International Convention Centre, South Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 April (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/wcs\/\" style=\"\">World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May: The Suez Canal Economic Zone (SCZone) plans to handover a new 1k-meter container berth to the East Port Said Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4 May (Tuesday): Deadline to submit proposals for the design, construction, finance, operation, and maintenance of the Salalah-Thamrait trucking road in Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 May (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit\/why-attend.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Saeed Halls 1-2, DWTC, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 May (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportlogistic.de\/en\/visitors\/planning-your-visit\/tickets\/?_gl=1*b4orj0*_ga*MTkwNzE4NTk0OC4xNjc3MDc3Njc1*_ga_4XZZZZG19V*MTY3ODg5NTM3OC4xLjEuMTY3ODg5NTM5OS4wLjAuMA..\" style=\"\">transport logistic<\/a><\/span><span style=\"font-weight:400;\">, Trade Fair Center Messe M\u00fcnchen, Munich, Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/africanaviationsummit.com\/\" style=\"\">The African Aviation Summit: Air Finance Africa Conference & Exhibition<\/a><\/span><span style=\"\">, <\/span><span style=\"font-weight:400;\">Sandton Convention Centre, Johannesburg, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html\" style=\"\">Exports + FDI Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel Cairo at Nile Plaza, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/template\/live\/go\/10675\/0?&pk_campaign=listing&pk_kwd=AF&pk_source=terrapinn&pk_medium=link\" style=\"\">Middle East Rail<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/mobility-live-me\/\" style=\"\">Mobility Live Middle East<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conference.globalfleet.com\/\" style=\"\">Global Fleet Conference<\/a><\/span><span>, Cascais, Portugal<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE193\" style=\"\">Baltic and Black Sea Ports & Shipping<\/a><\/span><span style=\"font-weight:400;\">, Radisson Hotel & Suites, Gdansk, Poland. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\">Seatrade Maritime Logistics Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/ighc\/\" style=\"\">IATA Ground Handling Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18 May (Monday): UN-Turkey-Russia Black Sea grain agreement extension expires.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2023.fleetandmobilitysummit.com\/\" style=\"\">Fleet and Mobility Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">June: Suez Canal Economic Zone holds a roadshow in Delhi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/portscustomsweek.com\/\" style=\"\">Ports and Customs Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 July (Saturday): A new greenfield liquid bulk terminal in Khalifa Port Abu Dhabi will kick off operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/levitate-conference-the-premier-event-for-the-drone-industry-announced-kvkgrtuc\" style=\"\">The Levitate Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Amman Hotel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 July (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.neventum.com\/tradeshows\/icsg-istanbul\" style=\"\">ICSG Istanbul<\/a><\/span><span style=\"font-weight:400;\">, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 September (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportevolution.com\/\" style=\"\">Transport Evolution Africa Forum and Expo<\/a><\/span><span style=\"font-weight:400;\">, Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartermobility-africa.com\/sma-summit\/\" style=\"\">Smarter Mobility Africa Summit<\/a><\/span><span style=\"font-weight:400;\">, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2H2023: <\/span><span style=\"font-weight:400;\">Construction of Neom\u2019s first hydrogen fueling station will kick off.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-13 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/middleeast.breakbulk.com\/home\" style=\"\">Breakbulk Middle East conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":70001,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-70000","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"70dc4fd8-7ac1-4b94-8271-7f220bb9a9ee","teaser":"","photo_url":"https:\/\/ent.news\/2023\/4\/234.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It\u2019s PMI week + financing galore in logistics land - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/its-pmi-week-financing-galore-in-logistics-land\/\" \/>\n<meta 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