{"id":70903,"date":"2023-05-22T01:15:00","date_gmt":"2023-05-22T01:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=70903"},"modified":"2025-12-15T12:37:18","modified_gmt":"2025-12-15T12:37:18","slug":"a-transport-corridor-to-rival-the-suez-canal","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/a-transport-corridor-to-rival-the-suez-canal\/","title":{"rendered":"A transport corridor to rival the Suez Canal?"},"content":{"rendered":"<section id=\"70905\" 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=\"70905\">\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\/05\/22\/today-iraq-to-host-regional-ministers-to-discuss-economic-cooperation-sczone-in-china\/\">\r\n                            TODAY: Iraq to host regional ministers to discuss economic cooperation + SCZone in China                        <\/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\/05\/22\/today-iraq-to-host-regional-ministers-to-discuss-economic-cooperation-sczone-in-china\/\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/today-iraq-to-host-regional-ministers-to-discuss-economic-cooperation-sczone-in-china\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1163.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70906\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/today-iraq-to-host-regional-ministers-to-discuss-economic-cooperation-sczone-in-china\/1163-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1163.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1163.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1163.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1163.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70905\" class=\"content-area-description single-story post-70905 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterprise-logistics tag-suez-canal 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\/5\/.accafdf2-d616-4d4c-87d9-073d1225a409.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, friends.<\/span><span style=\"\"> We have a busy post-weekend issue for you this morning, with lots of<\/span><span style=\"font-weight:400;\"> big updates from the region on everything from railways to maritime shipping.<\/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 BIG LOGISTICS STORY-<\/span><span style=\"\"> Iran and Russia will build the Rasht-Astara railway, whi<\/span><span style=\"\">ch will<\/span><span> complete the <\/span><span>7.2k-km International North-South Transport Corridor (INSTC<\/span><span>) \u2014 a network of ship, rail and road routes connecting South Asia to Europe and aiming to rival the Suez Canal. <\/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\">Egypt rolls out the sixth phase of its export subsidy program: <\/span><span style=\"\">Egypt\u2019s <\/span><span>Export Development Fund approved rolling out a new phase for its export subsidy program allowing exporters to receive their subsidies in a single payment, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid0CfiCfhjZhpbTRFxdkBKotBDNB29M6KKjcXHWbgxBFmafiJ1DtybhmGjMZLiysLLWl&id=100064838494517&mibextid=qC1gEa\" style=\"\">Trade Ministry statement<\/a><\/span><span style=\"font-weight:400;\">. Export shipments made before 1 January, 2023 are eligible for subsidies in this phase and companies that submitted their applications prior to 1 April are set to be paid in July. Applications that will be submitted after that date, and before 1 June are set to be paid in August, 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\">Remember:<\/span><span> The Egyptian government\u2019s spending on export subsidies will almost quadruple to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3ab6ab6-4c7d-4e04-a322-4b5b202f592a\" style=\"\">EGP 28 bn<\/a><\/span><span style=\"font-weight:400;\"> in the coming fiscal year.<\/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\">SCZone heads to China + Hong Kong for investment roadshow: <\/span><span style=\"\">Suez Canal <\/span><span>Economic Zone CEO Walid Gamal El Din is in China and Hong Kong to drum up investments from Chinese investors and companies at the Egyptian-Chinese Investment Forum in Beijing, according to an SCZone <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sczone.eg\/sczone-delegation-heads-to-china-and-hong-kong-to-attract-various-investments\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. Gamal El Din is also scheduled to discuss possible cooperation with China\u2019s Teda Group, which is already a chief industrial developer in the Sokhna Industrial Zone. <\/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>Gamal El Din was in the Netherlands last week to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7cb23dc0-e67c-4c28-be58-e9f605e3cca5\" style=\"\">discuss<\/a><\/span><span> possible cooperation with the Rotterdam port on green fuels, which includes a \u201cgreen corridor\u201d from Singapore to Rotterdam that would pass through the SCZone for green bunkering purposes. The SCZone\u2019s roadshow comes as part of efforts to achieve its 2020-2025 strategy. <\/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=\"font-weight:700\">Dubai\u2019s Roads and Transport Authority has put off re-opening the Floating Bridge <\/span><span style=\"font-weight:700\">until further notice<\/span><span>,<\/span><span> according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/rta_dubai\/status\/1659835507382075393\" style=\"\">tweet<\/a><\/span><span style=\"font-weight:400;\">. Traffic will remain closed in both directions so that tests can be carried out to assess safety and gauge the efficiency of recent maintenance work, the authority 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\">SPEAKING OF BRIDGES-<\/span><span style=\"font-weight:700\">Abu Dhabi has a new bridge and new roads open in Al Reef area<\/span><span style=\"\">, <\/span><span>Abu Dhabi\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/ITCAbuDhabi\/status\/1659590087498256385\" style=\"\">Integrated Transport Centre said<\/a><\/span><span>.<\/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;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\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=\"font-weight:700\">WATCH THIS SPACE #1- Tunisia plans to invest TND 36 bn (USD 11.7 bn) in rail <\/span><span style=\"font-weight:700\">transport by 2040<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/16282654-tunisia-plans-to\" style=\"\">Agence Tunis Afrique Presse<\/a><\/span><span> reported, citing Tunisian Transport Minister Rabi Mejid<\/span><span style=\"font-weight:400;\">. This will involve purchasing 54 new vehicles for TND 540 mn and renovating and modernizing 50-80 light rail vehicles for an estimated TND 150-350 mn between 2024-2026. The Transport Ministry will also modernize old railway cars and purchase 600 new wagons for TND 300 mn. The investment is part of a package of 47 infrastructure projects valued at an estimated total of TND 68 bn. <\/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 #2- <\/span><span style=\"font-weight:700\">Jordan\u2019s Transport Minister Maher Abu Al Samen has called for establishing a <\/span><span style=\"font-weight:700\">logistics hub for goods in Jordan<\/span><span>, according to state owned news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=50117&lang=en&name=en_news\" style=\"\">Petra<\/a><\/span><span>. The minister, speaking at the General Assembly and Board of Directors meetings of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.auolt.org\/english.asp\" style=\"\">Arab Union for Land Transport<\/a><\/span><span style=\"font-weight:400;\">, said that the hub would benefit from Jordan\u2019s strategic location.<\/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\">WATCH THIS SPACE #3- <\/span><span style=\"font-weight:700\">Iraq to host regional ministers to discuss economic cooperation: <\/span><span style=\"\">Iraq is preparing <\/span><span>to host a conference with regional transport ministers from the GCC, Iran, Turkey, Syria, and Jordan<\/span><span>to discuss prospects for economic cooperation, state-owned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26514-al-sudani-jeddah-summit-is-an-opportunity-of-the-arab-league-to-lead-the-scene.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\"> quotes Iraqi Prime Minister Mohammed Al Sudani as saying. At the conference, the date for which has yet to be determined, the transport ministers will discuss <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Iraq\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6fa8e475-6a16-4d37-a8f1-37decc29870f\" style=\"\">Development Road Project<\/a><\/span><span style=\"font-weight:400;\">, which aims to link Iraq\u2019s Southern Faw Port to Turkey by rail.<\/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;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT #1- The UAE\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.etihad.com\/en\/\" style=\"\">Etihad Airways<\/a><\/span><span style=\"font-weight:700\"> reduced its carbon emissions by 42% <\/span><span style=\"font-weight:700\">between 2019 and 2022<\/span><span>, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1124.pdf\" style=\"\">sustainability report (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The airline's carbon emissions fell to 5.28 mn tons in 2022, down from 9.1 mn tons in 2019, the report 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\">DATA POINT #2<\/span><span style=\"\">-<\/span><span style=\"font-weight:700\">Egypt\u2019s Transport Ministry will reportedly invest USD 4 bn in its <\/span><span style=\"font-weight:700\">river transport network <\/span><span>as a means to ease traffic congestion, time, and costs, local news outlet <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youm7.com\/story\/2023\/5\/20\/%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D9%86%D9%87%D8%B1%D9%89-%D9%86%D9%82%D8%B7%D8%A9-%D8%AA%D8%AD%D9%88%D9%84-%D9%84%D8%AA%D8%AE%D9%81%D9%8A%D9%81-%D8%A7%D9%84%D8%B6%D8%BA%D8%B7-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B7%D8%B1%D9%82-%D9%88%D8%AA%D9%82%D9%84%D9%8A%D9%84-%D8%A7%D9%84%D8%AA%D9%84%D9%88%D8%AB\/6186577\" style=\"\">Youm7<\/a><\/span><span> reports.<\/span><span>Transport Minister Kamel El Wazir highlighted the benefits of river transport of goods as having low operational costs, less maintenance, and the possibility of cutting down on pollution, the news outlet writes. <\/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> The Transport Ministry will invest a total of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9292ccb0-ccb4-451b-892e-1b694c0799bc\" style=\"\">EGP 321 bn<\/a><\/span><span> into its infrastructure in FY2023-24, up 4.6% y-o-y. Railways are getting EGP 4.2 bn to build and develop 164 railroads, and 166 stations. <\/span><span>The ministry has already constructed two berths in Nubaria Canal worth EGP 263 mn, and converted two fixed bridges into mobile bridges<\/span><span> for <\/span><span>EGP 50 mn,<\/span><span> as part of its river transport infrastructure developments,<\/span><span> according to Youm7. <\/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;\"><\/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\">            Get <b style=\"font-weight: 700\">Enterprise<\/b> daily          <\/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>      <\/div>\n<\/p><\/div>\n<\/p><\/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=\"font-weight:700\">Fuel oil inventories at Fujairah\u2019s oil hub spiked to a five-month high for a second <\/span><span style=\"font-weight:700\">straight week<\/span><span> in the week leading up to 15 May, according to data published by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprisemea.slack.com\/archives\/D04P0RYFF4H\/p1684405449210609\" style=\"\">S&P Global<\/a><\/span><span style=\"font-weight:400;\">. Total inventories jumped 7.5% to 24.9 mn barrels, on the back of rising imports and a surge in jet fuel, diesel and other middle distillates. Total inventories are now up 20% since the end of 2022.<\/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\">Indian oil imports from Middle East plummet as Russian oil flows surge:<\/span><span style=\"\"> India\u2019s <\/span><span>record-high oil imports from Russia in April drastically reduced the proportion of oil imports from the Middle East and Africa to a 22-year low, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/indias-russian-oil-buying-hits-record-high-slashes-mideast-africa-share-2023-05-17\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">reports. Refiners in India have welcomed Russian oil after some countries eschewed Russian products over the Ukrainian invasion. India\u2019s oil imports from CIS countries (Azerbaijan, Kazakhstan and Russia) made up 43.6%  of its total oil purchases. This has reduced the country\u2019s share of oil imports from the Middle East, which typically sources more than half of India\u2019s oil imports, to around 44%. African oil accounted for 3.4% of India\u2019s imports 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\">The Baltic Exchange\u2019s main sea freight index fell to a three-month low last week <\/span><span>on the back of lower shipping rates across larger vessels, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-worst-weekly-fall-in-over-3-month\/\" style=\"\">Reuters<\/a><\/span><span>reports. The overall index \u2014 which takes into account the rates for capesize, panamax and supramax shipping vessels \u2014 fell 1.3% <\/span><span>to 1,384 points, its<\/span><span> lowest since 19 April. The capesize index fell 1.7% to a more than three-week low, while the supramax index was also down by 8 points and panamax index fell by 1.1%. <\/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\/suez-canal\/\">Suez Canal<\/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=\"70907\" class=\"issue-section \">\n<div 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70908\" 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=\"70908\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/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\/05\/22\/iran-and-russia-ink-eur-1-6-bn-agreement-to-build-rasht-astara-railway\/\">\r\n                            Iran and Russia ink EUR 1.6 bn agreement to build Rasht-Astara railway                        <\/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\/05\/22\/iran-and-russia-ink-eur-1-6-bn-agreement-to-build-rasht-astara-railway\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Iran+and+Russia+ink+EUR+1.6+bn+agreement+to+build+Rasht-Astara+railway+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F22%2Firan-and-russia-ink-eur-1-6-bn-agreement-to-build-rasht-astara-railway%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\/05\/22\/iran-and-russia-ink-eur-1-6-bn-agreement-to-build-rasht-astara-railway\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70908\" class=\"content-area-description single-story post-70908 post type-post status-publish format-standard hentry category-rail tag-enterprise-logistics tag-iran tag-rail tag-railway tag-russia 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\/5\/.2b285054-84cd-43a8-9324-a2e19fe5b26c.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\">Russia + Iran agree to build Rasht-Astara railway: <\/span><span style=\"\">Iran and Russia have signed an <\/span><span>agreement to construct the Rasht-Astara railway, according to an Iranian Roads and Urban Development Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/irangov.ir\/detail\/412549\" style=\"\">statement<\/a><\/span><span>.<\/span><span> The construction of this railway will complete the <\/span><span>7.2k-km International North-South Transport Corridor (INSTC)<\/span><span style=\"font-weight:400;\">, which is a network of ship, rail, and road routes connecting South Asia to Europe. <\/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> Russia will invest EUR 1.6 bn in the Rasht-Astara railway, which should be complete in four years, according to the statement. The INSTC, which links Russia, India, Iran, and Azerbaijan, had a missing link of <\/span><span>162 k<\/span><span>m between Rasht in Iran and Astara in Azerbaijan. Negotiations on bridging this gap began two decades ago, but had been delayed for undisclosed reasons, according to the Iranian <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/irangov.ir\/detail\/412551\" style=\"\">Roads and Urban Development Ministry<\/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\">An artery to rival the Suez Canal?<\/span><span> \u201cThis unique North-South transport artery, the Rasht-Astara railway, will become a part of, and will help to significantly diversify, global [cargo] traffic flows. Transportation along the new corridor will offer significant competitive advantages,\u201d Russian President Vladimir Putin said, according to Russian news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tass.com\/economy\/1618855\" style=\"\">TASS<\/a><\/span><span style=\"font-weight:400;\">. Delivery time for goods transported from Saint Petersburg to Mumbai will be slashed from 30-45 days using traditional routes to just 10 days through the new corridor, Putin is cited as saying. \u201cThere is a significant savings in terms of time and costs,\u201d the Kremlin noted.<\/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\">And potentially a boon for food security: <\/span><span>The new route will be used, in particular, for the transportation of foodstuffs and other agribusiness products intended for consumers in Iran and in the Persian Gulf and Africa, Putin added. <\/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\">Part of Iran\u2019s push to strengthen its position in global trade networks:<\/span><span> Iran has been making efforts to bolster its trade capabilities, including through construction of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a228339c-2838-4782-9cab-58692b55a938\" style=\"\">Shalamcheh-Basra railway<\/a><\/span><span style=\"font-weight:400;\"> with Iraq and the Chabahar-Zahedan railway connecting the Gulf of Oman to Europe. Iran has for decades been placed under severe sanctions by the West, crippling both its trade and economy.<\/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\/iran\/\">Iran<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/railway\/\">railway<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/russia\/\">Russia<\/a>\n                <!-- <span 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1067.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1067.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1067.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1067.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70910\" class=\"content-area-description single-story post-70910 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-enterprise-logistics tag-neom tag-rail tag-railway 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\/5\/.0d3ee2f0-5d91-4f18-9545-25c632536b1b.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\">Saudi Arabia\u2019s USD 500 bn mega project <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.neom.com\/en-us\" style=\"\">Neom<\/a><\/span><span style=\"font-weight:700\"> has asked companies to submit their bids in October to provide rolling <\/span><span style=\"font-weight:700\">stock vehicles<\/span><span style=\"\"> for the<\/span><span style=\"\"> high-speed and freight railways<\/span><span style=\"\"> dubbed the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d5d6a808-2aa6-42d8-8c7a-af3dc63b9b0b\" style=\"\">Connector South<\/a><\/span><span style=\"\"> and the Spine, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.meed.com\/neom-tenders-high-speed-rolling-stock\" style=\"\">MEED<\/a><\/span><span style=\"\"> reported last week<\/span><span style=\"font-weight:400;\">. The Spine railway is an infrastructure corridor running along The Line residential development, while Connector South links The Line to the Oxagon industrial city. Neom declined to comment when approached by Enterprise Logistics. <\/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\">Also up for grabs:<\/span><span style=\"font-weight:400;\"> Tenders will also be open for the electrification, signaling, and control systems for the The Spine and Connector South railways. <\/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\">Six international companies are expected to offer bids: <\/span><span style=\"\">These include French  rolling stock manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alstom.com\/\" style=\"\">Alstom<\/a><\/span><span style=\"\">, Spain\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.caf.net\/en\" style=\"\">CAF<\/a><\/span><span style=\"\"> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.talgo.com\/\" style=\"\">Talgo<\/a><\/span><span style=\"\">, China\u2019s state-owned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.crrcgc.cc\/en\" style=\"\">CRRC<\/a><\/span><span style=\"\">, Japan\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hitachirail.com\/\" style=\"\">Hitachi Rail<\/a><\/span><span style=\"\">, and Germany\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.siemens.com\/global\/en.html\" style=\"\">Siemens<\/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\">Background: <\/span><span style=\"\">Neom <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d5d6a808-2aa6-42d8-8c7a-af3dc63b9b0b\" style=\"\">awarded a<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d5d6a808-2aa6-42d8-8c7a-af3dc63b9b0b\" style=\"\">USD<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d5d6a808-2aa6-42d8-8c7a-af3dc63b9b0b\" style=\"\">1.5 bn contract<\/a><\/span><span style=\"\"> to Italy\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.webuildgroup.com\/en\" style=\"\">WeBuild<\/a><\/span><span style=\"\"> and KSA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.sajco.com.sa\/\" style=\"\">Shibh Al-Jazira Contracting (SAJCO)<\/a><\/span><span style=\"\"> earlier in May for the construction of the 75km Connector South railway connecting The Line with Oxagon. The contract also covers viaducts, road and railway underpasses, a freight line, maintenance depots, and other infrastructure and auxiliary facilities.<\/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\/neom\/\">Neom<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/railway\/\">railway<\/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=\"70912\" 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=\"70912\">\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\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/\">\r\n                            DP World\u2019s long-term issuer default rating upgraded                        <\/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\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/')\">\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\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/\">\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=DP World\u2019s long-term issuer default rating upgraded&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/\">\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\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/&title=DP World\u2019s long-term issuer default rating upgraded\">\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=DP+World%E2%80%99s+long-term+issuer+default+rating+upgraded+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F22%2Fdp-worlds-long-term-issuer-default-rating-upgraded%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\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1136.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70913\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/dp-worlds-long-term-issuer-default-rating-upgraded\/1136-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1136.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1136.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1136.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1136.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70912\" class=\"content-area-description single-story post-70912 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-dp-world tag-enterprise-logistics tag-port 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\/5\/.1b9caf30-09eb-4803-8182-c3ac61030f06.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\">Fitch Ratings has upgraded <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.dpworld.com\/\" style=\"\">DP World<\/a><\/span><span style=\"font-weight:700\">\u2019s long-term issuer default rating to BBB+ <\/span><span style=\"font-weight:700\">from BBB-<\/span><span style=\"\">, with a stable outlook, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fitchratings.com\/research\/infrastructure-project-finance\/fitch-upgrades-dp-world-to-bbb-outlook-stable-17-05-2023\" style=\"\">statement<\/a><\/span><span style=\"\">.<\/span><span style=\"\">The ratings agency also upgraded <\/span><span style=\"\">DP World\u2019s s<\/span><span style=\"font-weight:400;\">hort-term rating to F2 from F3. The upgrade came as a result of the company successfully reducing its debt and improving its financial position, the agency 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\">The rationale: <\/span><span style=\"font-weight:400;\">The company\u2019s reliable cashflow from various business operations, ports-related revenue, as well as the long-term maturity (82 years remaining) of its key assets \u2014 Jebel Ali Port and Jebel Ali Freezone \u2014 were cited as the main reasons behind the upgrade. DP World's acquisition-focused strategy and \u201ccorporate-like, bullet and uncovenanted debt structure\u201d also played a role in the upgrade. Most of DPW's cashflow is not subject to major restrictions, Fitch 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\">By the numbers: <\/span><span style=\"font-weight:400;\">The company\u2019s debt-to-EBITDA ratio fell to below 4 by the end of 2022, meeting its target, Fitch said. On the other hand, the company\u2019s leverage reached 6.4x in 2020 as a result of its debt-financed privatization. <\/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> Debt-to-EBITDA r<\/span><span>atios higher than 4 or 5 typically indicate that a company is less likely to pay off its debts in a timely manner, and thus is less likely to take on more debt, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/investopedia.com\/terms\/n\/net-debt-to-ebitda-ratio.asp\" style=\"\">Investopedia<\/a><\/span><span>. Leverage, on the other hand, measures the ratio of debt and equity when it comes to a company\u2019s financing operations, with leverage ratios higher than 2 signaling significant amounts of debt.<\/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\">Long-term predictions:<\/span><span style=\"font-weight:400;\"> Fitch expects the company\u2019s leverage ratio to stay below 4.5x until 2027.<\/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\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/port\/\">port<\/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=\"70914\" 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=\"70914\">\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\">MARITIME<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/minerva-bunkering-eyes-8k-ships-for-suez-canals-bunkering-services\/\">\r\n                            Minerva Bunkering eyes 8k ships for Suez Canal\u2019s bunkering services                        <\/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\/05\/22\/minerva-bunkering-eyes-8k-ships-for-suez-canals-bunkering-services\/\" target=\"_blank\">\n                    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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1126.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70915\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/minerva-bunkering-eyes-8k-ships-for-suez-canals-bunkering-services\/1126-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1126.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1126.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1126.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1126.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70914\" class=\"content-area-description single-story post-70914 post type-post status-publish format-standard has-post-thumbnail hentry category-maritime tag-bunkering tag-enterprise-logistics tag-maritime tag-minerva-bunkering tag-ports tag-suez-canal 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\/5\/.5b836bd7-8ecc-4be8-9a86-5c161ef9ac7c.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\">Minerva wants to attract 8k ships for bunkering in first phase of Suez Canal <\/span><span style=\"font-weight:700\">operations:<\/span><span style=\"\"> B<\/span><span style=\"\">unkering service provider <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.minervabunkering.com\/\" style=\"\">Minerva Bunkering<\/a><\/span><span style=\"\"> aims to attract some 8k ships in the first phase of its bunkering services in the East Port Said and Ain Sokhna ports, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42WVG99\" style=\"\">Al Mal<\/a><\/span><span style=\"\"> reports, citing sources it says are in the know. <\/span><span style=\"font-weight:400;\">The average cost of the bunkering services is USD 120k per day, the sources 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\">The details<\/span><span style=\"font-weight:700\">:<\/span><span style=\"\"> Minerva will add more fuel barges to its units in the ports, targeting five units \u2014 three north of the canal and two in the south \u2014 before the end of June, the sources told Al Mal. The Suez Canal Economic Zone also aims to have Minerva provide refueling services worth 3.5 mn tons of fuel for ships crossing the canal within its first year of operations, they added<\/span><span style=\"\">.<\/span><span style=\"font-weight:400;\"> The SCZone will supervise and manage the services. <\/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>The Suez Canal granted one-year <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/02\/15\/old-mutual-makes-a-bid-for-lekela-as-actis-plots-exit-65006\/\" style=\"\">bunkering licenses<\/a><\/span><span> to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.coralenergy.co\/\" style=\"\">Coral Energy<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.minervabunkering.com\/\" style=\"\">Minerva Bunkering<\/a><\/span><span>, and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.peninsula360.com\/\" style=\"\">Peninsula<\/a><\/span><span> last year through a tender. Two of the licenses are on the Red Sea, while two others are on the Mediterranean. The SCZone first <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/01\/17\/suez-canal-targets-usd-7-bn-revenues-in-2022-62798\/\" style=\"\">announced plans<\/a><\/span><span style=\"font-weight:400;\"> to launch the new marine services back in January, as part of its 2020-2050 strategy.<\/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\">Still to come: <\/span><span style=\"font-weight:400;\">Peninsula is also setting up shop up north near the Mediterranean sea to provide bunkering services within a few days, the sources also said. <\/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\/bunkering\/\">bunkering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/minerva-bunkering\/\">Minerva Bunkering<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/suez-canal\/\">Suez Canal<\/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=\"70916\" 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=\"70916\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/\">\r\n                            UAE, Bosnia-Herzegovina in trade talks + Indonesia, Iran set for trade agreement. PLUS: Turkey + Qatar want to boost cooperation on transport                        <\/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\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/')\">\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\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/\">\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=UAE, Bosnia-Herzegovina in trade talks + Indonesia, Iran set for trade agreement. PLUS: Turkey + Qatar want to boost cooperation on transport&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/\">\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\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/&title=UAE, Bosnia-Herzegovina in trade talks + Indonesia, Iran set for trade agreement. PLUS: Turkey + Qatar want to boost cooperation on transport\">\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=UAE%2C+Bosnia-Herzegovina+in+trade+talks+%2B+Indonesia%2C+Iran+set+for+trade+agreement.+PLUS%3A+Turkey+%2B+Qatar+want+to+boost+cooperation+on+transport+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F22%2Fuae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport%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\/05\/22\/uae-bosnia-herzegovina-in-trade-talks-indonesia-iran-set-for-trade-agreement-plus-turkey-qatar-want-to-boost-cooperation-on-transport\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70916\" class=\"content-area-description single-story post-70916 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-enterprise-logistics tag-iran tag-qatar tag-trade tag-turkey tag-uae 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\/5\/.ad33068d-0c95-4ec0-932f-f90f8d062cf6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">UAE + Bosnia-Herzegovina discuss boosting trade and investment ties: <\/span><span style=\"\">UAE <\/span><span style=\"\">Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and <\/span><span style=\"\">Bosnia-Herzegovina\u2019s <\/span><span style=\"\">Foreign Trade and Economic Relations Minister Stasa Kosarac discussed potential trade during a meeting, Emirati <\/span><span style=\"\">state news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303159089\" style=\"\">WAM<\/a><\/span><span style=\"\"> reports. This follows <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6261ddab-9427-4e63-88ad-9046ad92d8a5\" style=\"\">numerous bilateral discussions<\/a><\/span><span style=\"font-weight:400;\"> held recently by the UAE with seniors and officials from countries including Jordan, Egypt, Lebanon, Iraq, Uzbekistan, and Sri Lanka to boost bilateral trade. <\/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\">Iran + Indonesia set to sign trade agreement: <\/span><span style=\"\">Iran and Indonesia have completed <\/span><span style=\"\">negotiations on a bilateral trade agreement, the signing ceremony for which is set to take place during Iranian President Ebrahim Raisi\u2019s visit to Jakarta on 22-24 May, Iran\u2019s Tasnim News Agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/05\/20\/2898730\/iran-indonesia-conclude-negotiations-on-bilateral-trade-agreement\" style=\"\">reports<\/a><\/span><span style=\"font-weight:400;\">. The volume of trade between the two countries reached USD 54.1 mn in 1Q 2023, marking a 23% y-o-y increase. The two countries concluded talks on a barter agreement, allowing the exchange of goods and services without relying on conventional currency settlement. <\/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\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Turkey wants to enhance trade with Qatar:<\/span><span style=\"\"> Qatar\u2019s Transport Minister Jassim <\/span><span style=\"\">Saif Ahmed Al Sulaiti received a written message from his Turkish counterpart Adil Karaismailo\u011flu on enhancing bilateral relations in transportation, ports, and civil aviation, during his meeting with Turkish ambassador Mustafa Goksu. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mot.gov.qa\/en\/news-events\/news\/minister-receives-message-turkish-counterpart\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/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=\"70918\" 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=\"70918\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/ship-recycling-could-increase-by-double-over-the-next-decade\/\">\r\n                            Ship recycling could increase by double over the next decade                        <\/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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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1159.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70919\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/ship-recycling-could-increase-by-double-over-the-next-decade\/1159-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1159.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1159.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1159.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1159.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70918\" class=\"content-area-description single-story post-70918 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-enterprise-logistics tag-logistics-in-the-news tag-shipping 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\/5\/.63cefe35-2eb7-4db9-adfb-cfc5661d236f.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\">Ship recycling industry expected to surge:<\/span><span style=\"\"> Some 15k ships with a deadweight <\/span><span style=\"\">capacity of over 600 mn tons could be recycled by 2032, more than twice the amount recycled over the past decade, according to international shipping association <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bimco.org\/news-and-trends\/market-reports\/shipping-number-of-the-week\/20230516-snow\" style=\"\">BIMCO<\/a><\/span><span style=\"\">. <\/span><span>The<\/span><span> deadweight capacity of ships has been rising over the decades, which explains the increase of recycling practices, and which raises the possibility of recycling increasing again in the 2030s and 2040s. <\/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\/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\/shipping\/\">shipping<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n     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inks seven MoUs + AD Ports to develop Karashi ports. PLUS: News from Royal Jordanian, IndiGo, WEE, Dubai Maritime Authority, Etihad Cargo and Egypt\u2019s tax authority                        <\/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\/05\/22\/etihad-rail-inks-seven-mous-ad-ports-to-develop-karashi-ports-plus-news-from-royal-jordanian-indigo-wee-dubai-maritime-authority-etihad-cargo-and-egypts-tax-authority\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/etihad-rail-inks-seven-mous-ad-ports-to-develop-karashi-ports-plus-news-from-royal-jordanian-indigo-wee-dubai-maritime-authority-etihad-cargo-and-egypts-tax-authority\/')\">\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\/05\/22\/etihad-rail-inks-seven-mous-ad-ports-to-develop-karashi-ports-plus-news-from-royal-jordanian-indigo-wee-dubai-maritime-authority-etihad-cargo-and-egypts-tax-authority\/\">\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=Etihad Rail inks seven MoUs + AD Ports to develop Karashi ports. 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The most important of these was<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1f468b10-a5bb-4fbd-93b9-cf3d8f3a69e2\" style=\"\">a 20-year partnership<\/a><\/span><span> with DHL Global Forwarding that <\/span><span>will see<\/span><span> the establishment of a JV enabling DHL to employ the UAE\u2019s national railway for its main freight operations in the country. <\/span><span style=\"font-weight:700;\">The company also signed MoUs with:<\/span><\/p>\n<ul>\n<li><span>Italy-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/arsenalegroup.com\/en\/home-en\/\" style=\"\">Arsenale Group<\/a><\/span><span> to establish a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EtihadRail\/posts\/pfbid024XhgycK4VtiVqwE8c3f53wdA68y9tRpYmEtmQoVLhDhLB1gTS3kX9oR8bGBhuTgjl\" style=\"\">luxury train route<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span>Morocco\u2019s <\/span><span style=\"font-weight:700\">National Railway Office<\/span><span> (ONCF) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EtihadRail\/posts\/pfbid0VdFouDxZ5iHLxjG5jvNkoS81jwzKGCaUX3X3yq48FCpJBS882uVZFCQ8SNQfxMyMl\" style=\"\">exchange knowledge and best practices<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.uber.com\/eg\/en\/\" style=\"\">Uber<\/a><\/span><span> to broaden the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EtihadRail\/posts\/pfbid036HV7iWTx9bgeaxFP6voUW22ZEgYHcgou1EQkV4d7qxSJVMNHF248b9wK7kqSdyYQl\" style=\"\">reach and accessibility<\/a><\/span><span style=\"font-weight:400;\"> of transport solutions across the UAE;<\/span><\/li>\n<li><span>AD Ports Group logistics subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/miccologistics.com\/\" style=\"\">MICCO<\/a><\/span><span> to establish <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EtihadRail\/posts\/pfbid04fEqJ3vmpz2sodB49ZMw3tJvncb8DrAXc9hBkPVLBtaXkHUYkBMjLmwywKxhy25fl\" style=\"\">intermodal freight solutions<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.skygo.ae\/\" style=\"\">SkyGo<\/a><\/span><span> to use drones to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EtihadRail\/posts\/pfbid02zXJUu7LVVsNj65ExsUJQ4J9vbESSzdwonhku33LUhbba3Kk5a7Y4NaEBSDQ6ZXyGl\" style=\"\">inspect and monitor<\/a><\/span><span style=\"font-weight:400;\"> railway freight operations;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/fnrc.gov.ae\/portal\/ar\/news.aspx\" style=\"\">Fujairah Natural Resources Corporation<\/a><\/span><span>, a government watchdog that oversees mining operations in the Emirate of Fujairah, <\/span><span>according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.railjournal.com\/regions\/middle-east\/etihad-rail-signs-seven-agreements-at-middle-east-rail-2023\/\" style=\"\">International Railway Journal<\/a><\/span><span>, <\/span><span style=\"font-weight:400;\">though it\u2019s not clear what the MoU involves. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">PORTS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.adports.ae\/\" style=\"\">AD Ports<\/a><\/span><span style=\"font-weight:700\"> and Pakistan\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.google.com\/search?q=karachi+port+trust&rlz=1C5CHFA_enGB998GB998&oq=karachi+port+trust&aqs=chrome.0.69i59j0i512l5j69i60l2.3228j0j7&sourceid=chrome&ie=UTF-8\" style=\"\">Karachi Port Trust<\/a><\/span><span style=\"font-weight:700\"> are looking into developing advanced <\/span><span style=\"font-weight:700\">port and terminal infrastructure in Pakistan<\/span><span>,<\/span><span>according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/05\/18\/ad-ports-group-and-karachi-port-trust-sign-a-strategic-mou\" style=\"\">press release<\/a><\/span><span>. The two sides inked an MoU to enhance bilateral cooperation and conduct feasibility studies to develop, expand, and digitize ports in Pakistan.<\/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;\">AVIATION- <\/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\">Royal Jordanian\u2019s fleet is expanding: <\/span><span style=\"\">Brazilian plane maker<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/embraer.com\/\" style=\"\">Embraer<\/a><\/span><span style=\"\"> and <\/span><span>commercial aviation lessor<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/azorra.com\/\" style=\"\">Azorra<\/a><\/span><span> will supply eight aircraft to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rj.com\/\" style=\"\">Royal Jordanian<\/a><\/span><span> for USD 635 mn, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/embraer.com\/global\/en\/news?slug=1207203-embraer-and-azorra-seal-deal-with-royal-jordanian-airlines-for-eight-new-e2-jets\" style=\"\">statement<\/a><\/span><span> by Embraer.<\/span><span style=\"font-weight:400;\"> The Jordanian airline will acquire four E190-E2 \u2014 which can seat 92 passengers \u2014 and four E195-E2 jets, which can seat 120. The E2 models were chosen for their \u201csuperior performance and operational efficiency,\u201d the statement said. The E2 \u201creduces the investment cost of pilot training and spare parts provisioning significantly, whilst also lowering crew scheduling and maintenance costs,\u201d the airline\u2019s Vice Chairman Samer Majali said. The aircraft also provide 25% fuel savings compared to the airline's current aircraft, which will save in operating costs and reduce carbon emissions, Majali added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.goindigo.in\/\" style=\"\">IndiGo<\/a><\/span><span style=\"font-weight:700\">expands its reach to the Middle East: <\/span><span style=\"\">Indian airline IndiGo is launching direct <\/span><span>flights between Indian and Middle Eastern cities, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.goindigo.in\/press-releases\/indigo-announces-6-new-direct-routes-increasing-accessibility-between-india-and-the-middle-east.html\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. Flights between Bengaluru and Dubai, Kochi, and Bahrain, and Lucknow and Dammam will operate starting 1 June, while flights between Ahmedabad and Jeddah will start on 11 August. IndiGo will be the first Indian airline to provide direct Bengaluru-Dubai and Kochi-Bahrain flights. It will also be the only airline to provide daily flights connecting Dammam to Khochi, Lucknow, and Chennai. <\/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;\">E-COMMERCE-<\/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\">Dubai-based e-commerce startup <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/wee.ae\/\" style=\"\">WEE<\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/wee.ae\/\" style=\"\">Marketplace<\/a><\/span><span style=\"font-weight:700\"> has launched its last-mile <\/span><span style=\"font-weight:700\">logistics platform in the UAE<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/wee-marketplace-taps-into-uaes-127bln-e-commerce-market-with-its-quick-delivery-service-qvuu29g3\" style=\"\">press release<\/a><\/span><span>. The company aims to have over 500 retailers and sellers on its platform by the end of the year, with plans to increase its fulfillment services to stock over 500k products by the end of the year. The startup currently has a network of 50k riders and local <\/span><span>partners<\/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;\">TAXATION-<\/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\">Egypt enacts tax breaks on importing industrial equipment:<\/span><span style=\"\"> Companies in Egypt will be given a <\/span><span>temporary VAT exemption on the import of equipment used in the production of goods, the country\u2019s Finance Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid013zXqjrb5Ba9f9N7SMY74VUE4sd6HgLduerceTBoZSFrHgry9eJiEfdgFYBuXJHgl\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\">. The move aims to encourage local industry and attract investment, the ministry 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\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"\">The<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/dmca.ae\/en\/\" style=\"\">Dubai Maritime Authority<\/a><\/span><span style=\"\"> has reported a <\/span><span style=\"font-weight:700\">12% y-o-y growth<\/span><span style=\"\"> rate in the number of <\/span><span>maritime companies in <\/span><span style=\"font-weight:700\">1Q 2023<\/span><span>. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/dubai-maritime-authority-up-to-12-growth-rate-of-companies-operating-in-the-maritime-sector-in-dubai-lr6amiq3\" style=\"\">Zawya)<\/a><\/span><\/li>\n<li><span style=\"font-weight:700\">Egyptair Cargo resumed flights <\/span><span style=\"\">to<\/span><span style=\"font-weight:700\"> Libya\u2019s Mitiga International Airport <\/span><span style=\"\">last <\/span><span>week after an eight year absence. The flights will operate once a week. <\/span><span>(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/1235\/501070\/Egypt\/Urban--Transport\/EgyptAir-Cargo-resumes-flights-to-Libya%E2%80%99s-Mitiga-a.aspx\" style=\"\">Ahram Online<\/a><\/span><span>) <\/span><\/li>\n<\/ul>\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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/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\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping\/\">shipping<\/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=\"70922\" 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=\"70922\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/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\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/\">\r\n                            New US sanctions on Russia target economy and military trade with Iran                        <\/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\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/')\">\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\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/\">\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=New US sanctions on Russia target economy and military trade with Iran&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/\">\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\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/&title=New US sanctions on Russia target economy and military trade with Iran\">\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=New+US+sanctions+on+Russia+target+economy+and+military+trade+with+Iran+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F22%2Fnew-us-sanctions-on-russia-target-economy-and-military-trade-with-iran%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\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1145.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70923\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/new-us-sanctions-on-russia-target-economy-and-military-trade-with-iran\/1145-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1145.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1145.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1145.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1145.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70922\" class=\"content-area-description single-story post-70922 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterprise-logistics tag-iran tag-russia tag-us 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\/5\/.f5b79d00-ccb9-440e-b128-d9f12e6761fb.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\">Washington has announced a fresh set of sanctions against Russia<\/span><span style=\"\">, including <\/span><span>measures that target its military trade links with Iran, <\/span><span>according to a White House <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.state.gov\/united-states-imposes-additional-sanctions-and-export-controls-on-russia\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The latest sanctions take aim at Russia\u2019s war efforts, energy sector, and access to international finances. The measures also aim to close loopholes around sanctions and bolster efforts to limit Russia\u2019s access to sovereign assets abroad. The new sanctions also target Iran-Russia logistical networks and Iranian shipping firms involved in military-related transfers to Russia, according to the White House 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;\">ALSO WORTH KNOWING- <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">The Panama Canal<\/span><span style=\"font-weight:700\">is imposing restrictions on vessels passing through it <\/span><span style=\"font-weight:700\">as of this Wednesday, 24 May<\/span><span>, including reducing drafts by carrying less and cutting<\/span><span> the weight of their cargoes, due to severe drought affecting the canal, in turn causing vessels to pay higher fees.<\/span><span>  (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-19\/panama-canal-imposes-new-shipping-restrictions-for-drought?srnd=economics-trade&leadSource=uverify%20wall\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\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\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/us\/\">US<\/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=\"70924\" 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=\"70924\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/\">\r\n                            MSC inks MoU for design ammonia dual-fuel containership                        <\/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\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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containership&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/\">\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\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/&title=MSC inks MoU for design ammonia dual-fuel containership\">\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=MSC+inks+MoU+for+design+ammonia+dual-fuel+containership+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F22%2Fmsc-inks-mou-for-design-ammonia-dual-fuel-containership%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\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1151.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70925\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/22\/msc-inks-mou-for-design-ammonia-dual-fuel-containership\/1151-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1151.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1151.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1151.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1151.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70924\" class=\"content-area-description single-story post-70924 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-ammonia tag-enterprise-logistics tag-maritime tag-on-your-way-out tag-shipping 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\/5\/.3691a1bb-fe95-4dc3-ba26-996ef0ee68db.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\">MSC inks MoU for design of 8200 TEU ammonia dual-fuel containership: <\/span><span style=\"\">Lloyd\u2019s <\/span><span>Register (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.lr.org\/?creative=657145789908&keyword=lloyds%20register&matchtype=p&network=g&device=c&utm_source=google&utm_campaign=brand&utm_medium=cpc&utm_content=brand-home&utm_term=lloyds%20register\" style=\"\">LR<\/a><\/span><span>)<\/span><span>, Shanghai Merchant Ship Design & Research Institute (SDARI), MAN Energy Solutions (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.man-es.com\/discover\/potential-dual-fuel-conversions?gad=1&gclid=CjwKCAjwgqejBhBAEiwAuWHioHOWZ5YUaPLkZbPADoPP2sb4nogn3n6CVR629oqp8BZiSAFEKe0b1xoCRgkQAvD_BwE\" style=\"\">MAN-ES<\/a><\/span><span>) and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.msc.com\/en\" style=\"\">MSC<\/a><\/span><span> have <\/span><span>inked an MOU to design an ammonia dual-fuel containership for MSC, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marineinsight.com\/shipping-news\/mou-signed-for-design-of-8200-teu-ammonia-dual-fuel-containership-for-msc\/\" style=\"\">Marine Insight<\/a><\/span><span style=\"font-weight:400;\"> reports. Technical specification and design documents will be drafted for an ammonia-powered variant of SDARI's 8.2k TEU container ship. LR will verify safety standards, SDARI will provide the design documentation, and MAN-ES will contribute engine design and ammonia fuel supply data. <\/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\">What they said:<\/span><span style=\"font-weight:400;\"> \u201cThe application of ammonia as a marine fuel for the container ship sector will be crucial for our industry to achieve the emission reduction targets set by the IMO,\u201d said CEO of Lloyd\u2019s Register Nick Brown. <\/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\/ammonia\/\">Ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maritime\/\">maritime<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping\/\">shipping<\/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=\"70926\" 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\/05\/22\/70926\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70926\" class=\"content-area-description single-story post-70926 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;\">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 hand over 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>May: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Arab<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Academy for Science, Technology and Maritime Transport (AAST)<\/a><\/span><span style=\"font-weight:400;\"> will roll out its first locally-made electric cargo transport vehicle.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-23 May (Tuesday-Tuesday): Subscription window will be open for retail Investors for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/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>16-24 May (Tuesday - Wednesday): Subscription window will be open for institutional investors for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/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>24 May (Wednesday): <\/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=\"\">23-24 May (Tuesday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East 2023<\/a><\/span><span style=\"\"> summit, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ltlexpo.ly\/en\/#\" style=\"\">Translogistica Libya 2023<\/a><\/span><span style=\"font-weight:400;\">, Misurata, Libya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/about\" style=\"\">Electric Vehicle Innovation Summit 2023<\/a><\/span><span style=\"font-weight:400;\"> Adnec, 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: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>1 June (Thursday): Listing of shares on ADX, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S IPO<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\" style=\"\">IATA Annual General Meeting and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Hilton Bomonti Hotel, Istanbul, Turkey.<\/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>12-15 June (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudipp.com\/\" style=\"\">Saudi Plastics & Petrochem<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mt-its2023.eurecom.fr\/\" style=\"\">International Conference on Models and Technologies for Intelligent Transportation Systems<\/a><\/span><span style=\"font-weight:400;\">, Nice, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-23 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/trb.secure-platform.com\/a\/page\/marinetransport\" style=\"\">Conference on the Marine Transportation System Innovative Science and Technologies Toward Greater Sustainability<\/a><\/span><span style=\"font-weight:400;\">, Washington, DC, US.<\/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>5 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsKSASummit?lang=en#\/?lang=en\" style=\"\">The Leaders in Logistics KSA Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/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\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartmaritimenetwork.com\/dubai-conference-2022\/\" style=\"\">Smart Maritime Network Dubai Conference<\/a><\/span><span style=\"font-weight:400;\">, Conrad Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 November (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/sclsaudi.com\/\" style=\"\">Supply Chain & Logistics Arabia<\/a><\/span><span style=\"font-weight:400;\">, Narcissus, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsSummit?lang=en#\/?lang=en\" style=\"\">Leaders in Logistics UAE 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>21-23 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/intermobility-expo\/\" style=\"\">Intermobility Expo 2023<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai, UAE.<\/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>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:400;\">2H2023: Expansion of Baghdad International Airport to begin.<\/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 style=\"font-weight:700\">FEBRUARY 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>12-15 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.africanairexpo.com\/\" style=\"\">African Air Expo<\/a><\/span><span style=\"font-weight:400;\">, Cape Town. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 February-1 March (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.menatransport.org\/website\/3387\/\" style=\"\">MENA Transport Congress and Exhibition 2024<\/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\">MARCH 2024<\/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;\">12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport.<\/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 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 May (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/genevadry.com\/\" style=\"\">Geneva Dry<\/a><\/span><span style=\"font-weight:400;\">, Geneva, Switzerland, Hotel President Wilson.<\/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":70904,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-70903","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9090cb1d-dad5-4e41-accc-0265c3382385","teaser":"","photo_url":"https:\/\/ent.news\/2022\/3\/687.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>A transport corridor to rival the Suez Canal? - 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\/a-transport-corridor-to-rival-the-suez-canal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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