{"id":72398,"date":"2023-07-31T01:15:00","date_gmt":"2023-07-31T01:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=72398"},"modified":"2025-12-15T13:01:12","modified_gmt":"2025-12-15T13:01:12","slug":"a-tale-of-two-fires-earnings-season-paints-mixed-picture-for-logistics-sector","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/a-tale-of-two-fires-earnings-season-paints-mixed-picture-for-logistics-sector\/","title":{"rendered":"A tale of two fires + earnings season paints mixed picture for logistics sector"},"content":{"rendered":"<section id=\"72400\" 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=\"72400\">\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\/07\/31\/today-a-tale-of-two-fires-russia-promises-africa-grain-exports-to-replace-ukrainian-grain-exports\/\">\r\n                            TODAY: A tale of two fires + Russia promises Africa grain exports to replace Ukrainian grain exports                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1249.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1249.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1249.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1249.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72400\" class=\"content-area-description single-story post-72400 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-commodities tag-egypt tag-enterprise-logistics tag-port tag-russia tag-trade tag-what-were-tracking-today tag-zones 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\/7\/.6769c791-e5a0-46ae-b643-608c972c1553.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 hope you had a relaxing weekend, and that you\u2019re ready to dive<\/span><span> into a meaty issue filled with updates from shipping and <\/span><span>maritime, zones<\/span><span style=\"font-weight:400;\">, and earnings. <\/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- QTerminals announced the launch of a new Maersk<\/span><span style=\"font-weight:700\"> shipping service linking six MENA countries<\/span><span style=\"font-weight:400;\"> to boost regional trade. In the UAE, AD Ports\u2019 Autoterminal Khalifa Port will store Chinese passenger vehicles under an agreement with China\u2019s Shandong Port Group.<\/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\">Syrian Foreign Affairs Minister Faisal Mekdad headed a high-level political and <\/span><span style=\"font-weight:700\">trade delegation to Tehran yesterday<\/span><span>, semi-official Iranian news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/07\/30\/2933586\/syrian-foreign-minister-in-iran-for-talks\" style=\"\">Tasnim<\/a><\/span><span> reported. The visit looks to push forward bilateral agreements reached during a visit by Iranian President Ebrahim Raisi to Damascus in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/iranian-president-lands-damascus-first-visit-since-syrian-conflict-began-2011-2023-05-03\/\" style=\"\">early May<\/a><\/span><span style=\"font-weight:400;\">, which saw both countries\u2019 leaders ink a comprehensive agreement outlining long-term and strategic partnerships. An Iran-Syria Joint Committee will meet to work out obstacles to upped economic and trade relations between the two allies, Tasnim added, citing statements by Syria\u2019s ambassador to Tehran Shafiq Dayoub.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">A TALE OF TWO FIRES-<\/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\">Fire damage brings operations to a halt at Tunisia\u2019s Port of Bizerte: <\/span><span style=\"\">A fire that broke <\/span><span>out at Tunisia\u2019s Port of Bizerte has caused damage to a bridge spanning the Canal de Bizerte, rendering the bridge immobile and bringing port operations to a standstill, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.westpandi.com\/news-and-resources\/news\/july-2023\/tunisia-major-fire-incident-at-port-of-bizerte-(1)\/\" style=\"\">West P&I<\/a><\/span><span>. <\/span><span>The bridge facilitates the movement of vessels between the inner port area and the open sea, making it critical to maritime movement, West P&I said. <\/span><span style=\"font-weight:400;\">The incident also affected dry cargo berths and multipurpose terminals, disrupting vessel traffic in the inner harbor, though the STIR petroleum terminal in the outer harbor was unaffected, enabling tankers to continue operations. The bridge has been reopened for pedestrians and vehicles, but is still closed off for marine operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A<\/span><span style=\"font-weight:700\">uthorities have launched an investigation into the incident<\/span><span>, Tunisian news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/16489879-investigation\" style=\"\">TAP<\/a><\/span><span>reports, citing Tunisian Public Works Minister Sarah Zaafarani. The extent of the bridge's damage is still uncertain, with no definite timeline for repairs, according to an earlier West P&I <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.westpandi.com\/news-and-resources\/news\/july-2023\/tunisia-major-fire-incident-at-port-of-bizerte-ren\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Burning cargo ship in Dutch waters can\u2019t be towed just yet: <\/span><span style=\"\">Dutch authorities have put off plans to tow away a cargo ship carrying <\/span><span>3.8k cars, including 500 electric cars, that has been burning for days off the Dutch coast, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dw.com\/en\/dutch-authorities-delay-plan-to-tow-burning-cargo-ship\/a-66385810\" style=\"\">DW<\/a><\/span><span style=\"font-weight:400;\">reports. Officials said they will need to wait until the current direction of winds, which can pose a risk to the tugboat crews, corrects course, DW adds. <\/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> The Panama-flagged Fremantle Highway had just left Germany and was en route to Egypt when <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4df7553e-2d65-4b38-9a3c-0da9c946a4ba\" style=\"\">a fire erupted<\/a><\/span><span> on board, killing one crew member and injuring several others. The fire \u2014 which has since died down significantly, officials say \u2014 could have started in the battery of an electric car,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/car-carrier-still-burning-off-dutch-coast-hunt-cause-begins-2023-07-27\/\" style=\"\">Dutch broadcaster RTL<\/a><\/span><span> reported.<\/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\">Signaling a wider problem in the maritime industry?<\/span><span style=\"\">Maritime shippers are facing a growing risk of difficult-to-control fires due to the <\/span><span>battery technology used in EVs, according to industry, ins., and emergency response officials, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ocean-shippers-playing-catch-up-electric-vehicle-fire-risk-2023-07-27\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reports. While logistics companies are accustomed to handling the risk of EV battery fires, the maritime industry has not kept up with the evolving technology. Fire extinguishing systems on car carriers were not designed to handle hotter EV fires \u2014 which can\u2019t be extinguished with water \u2014 leading to increased ship fires and increased ins. costs for automakers and vessel owners, sources told Reuters. <\/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\">Russian air strikes have damaged 26 Ukrainian port infrastructure facilities and <\/span><span style=\"font-weight:700\">five vessels over nine days<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-26-port-infrastructure-facilities-damaged-nine-days-russian-strikes-2023-07-27\/\" style=\"\">Reuters<\/a><\/span><span> cites Ukranian Deputy Minister Oleksandr Kubrakov as saying. A port in Odessa was also struck by an overnight missile attack from a submarine in the Black Sea, damaging a cargo terminal and killing a security guard, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/odesa-region-port-infrastructure-hit-by-overnight-russian-attack-governor-2023-07-27\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reported separately.  <\/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\">Odessa's ports have been regular targets for attacks by Russia since Moscow <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a4cfc301-a289-47ab-8e14-fe1ea9f01550\" style=\"\">withdrew from the UN-brokered Black Sea grain agreement<\/a><\/span><span> \u2014<\/span><span> which had ensured the safe export of Ukrainian grain \u2014 on 17 July, Reuters writes. <\/span><span>Russia has not only been targeting Ukrainian ports, but also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3d2cc15f-1b97-406f-baab-739ecf8b4f1b\" style=\"\">grain storage facilities<\/a><\/span><span> on the River Danube, where some 60k tonnes of grain have been destroyed.<\/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\">Russia promises Africa grain exports at Russia-Africa summit:<\/span><span style=\"\"> Despite <\/span><span>Western sanctions imposed on Russia \u2014 which make it hard for the country to export grain and fertilizers \u2014 African countries will be receiving tens of thousands of tons of grain, Russian President Vladimir Putin reportedly said at the Russia-Africa summit in St. Petersburg last Thursday, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/putin-tells-african-leaders-ill-give-you-free-grain-despite-hypocritical-west-2023-07-27\/\" style=\"\">Reuters<\/a><\/span><span> reports<\/span><span style=\"font-weight:400;\">. Russia is ready to replace Ukrainian grain exports to Africa to ensure food security, Putin said, adding that the country will gift Burkina Faso, Zimbabwe, Mali, Somalia, Central African Republic, and Eritrea some 25-50k tonnes of grain each in the next three to four months. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">IN OTHER COMMODITIES NEWS-<\/span><span style=\"font-weight:700\">The UAE has banned the export and re-export of rice for four months<\/span><span style=\"\">,<\/span><span style=\"\">according to <\/span><span>a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/1205.pdf\" style=\"\">ministerial decree (pdf)<\/a><\/span><span>. The ban also covers the re-export of rice imported from India after 20 July, but companies may apply for exceptions. The decision comes less than a week after India \u2014 the world\u2019s largest exporter of rice \u2014 imposed <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e4b09b61-83c1-4395-a8aa-588422f810e5\" style=\"\">its own partial ban<\/a><\/span><span style=\"font-weight:400;\"> in a move that is expected to lead to global shortages and a hike in food prices.  <\/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=\"wwtt5\"><\/a><\/span><span style=\"font-weight:700\"> WATCH THIS SPACE #1-<\/span><span style=\"font-weight:700\">The first phase of the development of the Ain Sokhna port will wrap <\/span><span style=\"font-weight:700\">before the end of 2023<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3QAivw7\" style=\"\">Asharq Business<\/a><\/span><span> reports, citing statements Egypt\u2019s Transport Ministry Kamel El Wazir gave to the press on Thursday. The ministry began the redevelopment of the port in 2021 at a cost of EGP 20 bn. El Wazir\u2019s statements came during a ceremony which saw the ministry hand over the area to the consortium of private-sector companies which will construct a new terminal. Hutchison Ports, Cosco and CMA CGM earlier this year <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30add363-e640-4dcc-b348-577935303ce6\" style=\"\">signed an agreement<\/a><\/span><span style=\"font-weight:400;\"> with the Egyptian government for the terminal, which they will manage and operate for 30 years.<\/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\">CMA CGM eyeing stake in Egyptian state-owned shipping company:<\/span><span style=\"\"> French <\/span><span>shipping giant CMA CGM is in early-stage talks with Egypt\u2019s government to acquire a stake in state-owned shipping firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/nnc.com.eg\/\" style=\"\">National Navigation Company (NNC)<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3Kkf0FS\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\"> reported last week, citing sources familiar with the matter. NNC is Egypt\u2019s largest shipping company and specializes in dry cargo. Details on the rumored transaction are scarce, but Egypt\u2019s Transport Ministry and the National Bank of Egypt (NBE) are both involved in the talks, the news outlet reported. This indicates that CMA CGM is interested in acquiring stakes held by NBE and NNC\u2019s majority shareholder, the ministry-controlled Holding Company for Maritime and Land Transport.<\/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\">CMA CGM is already established in Egypt\u2019s ports:<\/span><span> The company is part of a consortium that was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30add363-e640-4dcc-b348-577935303ce6\" style=\"\">awarded a contract<\/a><\/span><span> by Egypt\u2019s government to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc19dd65-0333-4fdb-b35e-3078501b2edf\" style=\"\">construct, operate and manage a new container terminal<\/a><\/span><span> at Ain Sokhna port, and is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/248e273a-bfe7-408c-8a36-6194c023233a\" style=\"\">bidding for the contract<\/a><\/span><span style=\"font-weight:400;\"> to construct the Tenth of Ramadan dry port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE #3- India + Iran set to ink long-term agreement on Chabahar port by next <\/span><span style=\"font-weight:700\">month:<\/span><span> India and Iran are expected to sign a long-term agreement for the development of Iran\u2019s Chabahar Port by September before the <\/span><span>Global Maritime India Summit<\/span><span>, Indian news outlet <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.livemint.com\/news\/india\/india-iran-set-to-ink-long-term-deal-on-chabahar-port-11690482752365.html\" style=\"\">Mint<\/a><\/span><span> reports, citing two people in the know<\/span><span style=\"font-weight:400;\">. The details for a long-term agreement \u2014 which will also allow India to develop the Shahid Beheshti Terminal in the port \u2014 could be finalized and signed next month, according to an official from the Indian Ports Ministry. The countries have been signing one-year contract extensions for the development and running of the terminal. Although India had been seeking a longer term agreement, disagreements over the agreement\u2019s arbitration clause had stood in the way.<\/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\">It\u2019s been a long time coming:<\/span><span> India Ports Global and Iran\u2019s Arya Banader signed a contract back in 2016 for the development of the port, according to Iran\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85183291\/Headlines-in-Iranian-English-language-dailies-on-July-29\" style=\"\">Islamic Republic News Agency<\/a><\/span><span>. The countries have been working towards signing a long-term contract for India\u2019s first overseas port project with a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0bc90554-8b9a-4e85-bd9d-b7394d5d79d6\" style=\"\">self-renewing 10 year agreement<\/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: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- Orders for product tankers \u2014 which distribute petroleum <\/span><span style=\"font-weight:700\">products \u2014 in 1H 2023 have already exceeded the total orders made in 2022<\/span><span>,<\/span><span>reaching 8.9 mn deadweight tons (dwt) by June, according to BIMCO data cited by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/splash247.com\/product-tanker-orders-smash-2022-total-in-six-months\/\" style=\"\">Splash<\/a><\/span><span style=\"font-weight:400;\">. The product tanker orderbook to fleet ratio increased from 5.4% last December to 9.3% in June, with LR2 tankers showing the most significant increase. Shipowners are scrambling to book their orders as charter rates, previously buoyed by strong vessel earnings and asset valuations, and pandemic era support, begin to gradually fall, according to BIMCO. Increased demand has also seen a boost on the back of the Russia-Ukraine war and the EU\u2019s ban on Russian oil products. <\/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\">Things could slow down in the medium term:<\/span><span style=\"font-weight:400;\"> Analysts predict a potential slowdown in contracting by 2028, when they expect oil demand to have peaked.<\/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\">Biden administration looks to soft measures to enforce price cap on Russian oil: <\/span><span>The US is set to boost communication and outreach with Western trading houses, ins. providers, and tanker owners to remind them to abide by the G7 price cap on Russian oil as market prices begin to top the cap, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/russian-oil-crosses-g7s-price-cap-us-eyes-soft-enforcement-2023-07-27\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reports, citing sources it says are close to the matter. US officials are poised to \u201cenforce quietly with letters, phone calls,\u201d a source close to Biden\u2019s administration said. The administration is veering away from a heavy-handed approach in fear that it will disrupt markets and lead to an increase in global energy prices, the newswire wrote. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Saudi Arabia is expected to extend <\/span><span style=\"font-weight:700\">its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cacf2f7-3e73-4480-9077-b7e149a521a8\" style=\"\">voluntary oil output cut of 1 mn barrels per day<\/a><\/span><span style=\"font-weight:700\"> (bbl \/ d) through September<\/span><span> to provide additional support for the oil market, five analysts told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-expected-extend-voluntary-oil-cut-september-analysts-say-2023-07-28\/\" style=\"\">Reuters<\/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:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 <\/span><span style=\"font-weight:700\">September at the St. Regis Hotel in Cairo.<\/span><span style=\"font-weight:400;\"> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"font-weight:400;\"> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/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\">Do you want to become a commercial partner?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a><\/span><span>, or fill out <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a><\/span><span style=\"font-weight:400;\"> and we\u2019ll be in touch.<\/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;\">LISTEN TO OUR PODCAST-<\/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\">DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\">Tune in to the Enterprise<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\">Podcast and listen for yourself<\/a><\/span><span style=\"font-weight:700\">:<\/span><span> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,<\/span><span>which took place in 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:700\">IN THIS WEEK\u2019S EPISODE- <\/span><span style=\"\">We look at whether industrial clusters \u2014 which have been used to <\/span><span>great effect elsewhere \u2014  can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by <\/span><span style=\"font-weight:700\">Shady Williams<\/span><span>, managing director of IDG,<\/span><span style=\"font-weight:700\"> Mohamed ElGebely, <\/span><span>team leader at USAID Trade, and <\/span><span style=\"font-weight:700\">Nada El Ahwal, <\/span><span style=\"font-weight:400;\">CSO of Transmar.<\/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\">WANT TO LISTEN? Head to: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/industrial-clusters-a-natural-accelerant-for-both\/id1617987136?i=1000622773394\" style=\"\">Apple Podcast<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/open.spotify.com\/episode\/3w1uEZq5qh4h5GYUkctVrU\" style=\"\">Spotify<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/YmQxZmU5OWUtMGFjMC00YzYwLTkxZjItYjA0ZTAwZDQzODk1?sa=X&ved=0CAUQkfYCahcKEwiQ0ZWy6bSAAxUAAAAAHQAAAAAQAQ\" style=\"\">Google Podcast<\/a><\/span><span style=\"font-weight:700\">. We\u2019re releasing a new episode every Sunday morning.<\/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;\">CIRCLE YOUR CALENDAR-<\/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\">Kuwaiti Foreign Minister Sheikh Salem Al Sabah will visit Iraq in the next few days<\/span><span>,<\/span><span>state-owned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/27721-kuwaiti-foreign-minister-visits-iraq-at-the-end-of-this-month.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\"> reports, citing statements from the Kuwaiti ambassador to Iraq, Tariq Al Faraj. <\/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 UAE\u2019s Finance Ministry is holding a digital public consultation on its website <\/span><span style=\"font-weight:700\">that began last Wednesday and runs until Wednesday<\/span><span>,<\/span><span>as part of the UAE\u2019s corporate tax freezone regulations,<\/span><span>Emirati news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303178794\" style=\"\">WAM<\/a><\/span><span> reports.<\/span><span>The consultation aims to gather feedback from freezone-based companies, WAM 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\">Iranian Foreign Minister Hossein Amirabdollahian is planning to visit Pakistan <\/span><span style=\"font-weight:700\">on Thursday<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/07\/26\/2931881\/iranian-foreign-minister-to-visit-pakistan\" style=\"\">Tasnim<\/a><\/span><span style=\"font-weight:400;\"> news agency reported, citing Pakistani daily The Nation. Amirabdollahian is expected to meet with his Pakistani counterpart Bilawal Bhutto Zardari and other Pakistani officials during the two-day visit.<\/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\">Check out our full calendar<\/span><span style=\"font-weight:400;\"> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/span><\/p>\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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/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                            <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\/trade\/\">trade<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n   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stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-1lgomrt-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29636.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/transmar.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29590.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Your regional partner<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-is1pflm\" data-v=\"4\" data-block-id=\"is1pflm\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-is1pflm-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-is1pflm-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29641.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/29586.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n      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d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 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=\"72403\" 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=\"72403\">\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\">Shipping + Maritime<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/new-maersk-middle-east-service-linking-six-countries-comes-into-service\/\">\r\n                            New Maersk Middle East service to boost regional trade comes into service                        <\/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\/07\/31\/new-maersk-middle-east-service-linking-six-countries-comes-into-service\/\" target=\"_blank\">\n                    Open in new tab        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-->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+Maersk+Middle+East+service+linking+six+countries+comes+into+service+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fnew-maersk-middle-east-service-linking-six-countries-comes-into-service%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\/07\/31\/new-maersk-middle-east-service-linking-six-countries-comes-into-service\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1214.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72404\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/new-maersk-middle-east-service-linking-six-countries-comes-into-service\/1214-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1214.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1214.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1214.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1214.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72403\" class=\"content-area-description single-story post-72403 post type-post status-publish format-standard has-post-thumbnail hentry category-shipping-maritime tag-enterprise-logistics tag-shipping-maritime 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\/7\/.c3bec315-40c0-4093-9978-a0339506aeee.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\">QTerminals has launched Maersk\u2019s Middle East 6 service from Qatar\u2019s Hamad <\/span><span style=\"font-weight:700\">Port<\/span><span style=\"\">, the company said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/qterminals_aeraeyaewaesaeyaezaetaeuaesaea-aetaeyaeuaepaejabraevaetaex-activity-7090316200206831617-6cul\/?utm_source=share&utm_medium=member_desktop\" style=\"\">statement<\/a><\/span><span style=\"\"> on Thursday<\/span><span style=\"\">. T<\/span><span style=\"font-weight:400;\">he new service will boost direct trade between Qatar, Saudi Arabia, the UAE, Oman, Egypt, and Morocco, with what it says is a \u201cregular service,\u201d with \u201cfaster and cost-effective transit,\u201d without mentioning the exact duration of its rotation. The statement did not disclose how many vessels the line operates.<\/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 route: <\/span><span style=\"font-weight:400;\">The new service\u2019s port rotation will see it go from Hamad Port in Qatar to Dammam Port and Jubail Port in Saudi Arabia, before heading to Jebel Ali in the UAE; Duqm Port and Salalah Port in Oman; and Suez Port and Port Said East in Egypt. It will then go to Tangier Med 1 and 2 in Morocco, Jeddah Port in Saudi Arabia and Salalah Port in Oman, before ending the rotation at Jebel Ali T2 Port. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About QTerminals:<\/span><span style=\"\"> The terminal operating company is a joint venture between Mwani Qatar (51%) and Milaha (49%), operating Phase 1 of Hamad Port in Qatar, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/qterminals.com\/about-us\/\" style=\"\">website<\/a><\/span><span style=\"font-weight:400;\">. The company offers container, general cargo, RORO, livestock, and offshore supply services in Phase 1 of Hamad Port. <\/span><\/p>\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\/shipping-maritime\/\">SHIPPING + MARITIME<\/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=\"72405\" 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=\"72405\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Zones<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/\">\r\n                            AD Ports\u2019 Autoterminal Khalifa Port to store + display Chinese passenger vehicles                        <\/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\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/\" 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\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/')\">\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\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/\">\n   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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/&title=AD Ports\u2019 Autoterminal Khalifa Port to store + display Chinese passenger vehicles\">\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=AD+Ports%E2%80%99+Autoterminal+Khalifa+Port+to+store+%2B+display+Chinese+passenger+vehicles+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles%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\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1235.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72406\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/ad-ports-autoterminal-khalifa-port-to-store-display-chinese-passenger-vehicles\/1235-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1235.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1235.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1235.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1235.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72405\" class=\"content-area-description single-story post-72405 post type-post status-publish format-standard has-post-thumbnail hentry category-zones tag-automotive tag-enterprise-logistics tag-storage-warehousing-2 tag-zones 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\/7\/.2d8d1c89-6974-463b-a621-7216c6ca34e9.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\">Autoterminal Khalifa Port to store Chinese passenger vehicles under MoU with Shandong Port: <\/span><span style=\"\">AD <\/span><span>Ports Group has inked agreements with China-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/regional.chinadaily.com.cn\/ensd-port\/\" style=\"\">Shandong Port Group<\/a><\/span><span> (SPG) that will see its car terminal, Autoterminal Khalifa Port, display and store passenger vehicles sent from Shandong Port within <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.kezadgroup.com\/\" style=\"\">Khalifa Economic Zones Abu Dhabi<\/a><\/span><span> (Kezad) facilities, 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\/07\/27\/ad-ports-group-and-shandong-ports-group-extend-cooperation-to-attract-chinese-automotive-companies\" style=\"\">press release<\/a><\/span><span>. The agreement builds on the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2021\/12\/29\/abu-dhabi-to-host-regions-first-tyre-storage-and-distribution-hub\" style=\"\">Sister Ports agreement<\/a><\/span><span style=\"font-weight:400;\"> the two ports had inked in 2021 to boost partnerships and cooperation. <\/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> AD Ports Group inked an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2021\/12\/29\/abu-dhabi-to-host-regions-first-tyre-storage-and-distribution-hub\" style=\"\">agreement<\/a><\/span><span> in 2021 with SPG to establish a tyre hub and distribution hub in <\/span><span>Kezad<\/span><span style=\"font-weight:400;\"> for the storage and distribution of tyres in a 150k sqm facility in its Industrial Cities and Freezone cluster. AD Ports offered an array of services to SPG, including warehouse management, logistics, distribution, and re-export services.  <\/span><\/p>\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\/automotive\/\">Automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehousing-2\/\">storage + warehousing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/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=\"72407 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"72407\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/72407\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72407\" class=\"content-area-description single-story post-72407 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"http:\/\/www.hassanallam.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/825.jpg?ssl=1\"><\/a><\/span><\/p>\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<section id=\"72408\" 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=\"72408\">\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\">Data Centers<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/king-abdullah-economic-city-to-get-new-data-hub\/\">\r\n                            King Abdullah Economic City to get new data hub                        <\/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\/07\/31\/king-abdullah-economic-city-to-get-new-data-hub\/\" 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 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href=\"https:\/\/api.whatsapp.com\/send?text=King+Abdullah+Economic+City+to+get+new+data+hub+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fking-abdullah-economic-city-to-get-new-data-hub%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\/07\/31\/king-abdullah-economic-city-to-get-new-data-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1141.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72409\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/king-abdullah-economic-city-to-get-new-data-hub\/1141-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1141.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1141.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1141.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1141.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72408\" class=\"content-area-description single-story post-72408 post type-post status-publish format-standard has-post-thumbnail hentry category-data-centers tag-data-centers tag-enterprise-logistics tag-freezone tag-saudi-arabia 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\/7\/.c28fc597-7d59-49be-9d66-67b90bd0651a.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\">Consortium inks MoU to develop new data hub at <\/span><span style=\"font-weight:700\">King Abdullah Economic City<\/span><span style=\"font-weight:700\">: <\/span><span style=\"\">Damac Group subsidiary <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.edgnex.com\/\" style=\"\">Edgnex<\/a><\/span><span style=\"\">, KSA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/salam.sa\/ar\/personal\" style=\"\">Integrated Telecom Company (Salam)<\/a><\/span><span style=\"\">, terrestrial and submarine fiber optics provider <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cinturiongroup.com\/\" style=\"\">Cinturion<\/a><\/span><span style=\"\">, and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emaar.com\/\" style=\"\">Emaar<\/a><\/span><span style=\"\"> subsidiary Emaar the Economic City (EEC) will develop a data center and cable landing stations at King Abdullah Economic City under a new MoU, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/leading-by-example-with-world-class-digital-infrastructure-hub-301885004.html?tc=eml_cleartime\" style=\"\">press release<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">The consortium will explore initiatives on an international submarine cable project, data centers, fiber infrastructure, and cloud and internet, according to the statement, which did not disclose the timelines or investments concerned.<\/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=\"\">\u201cWe are not just building world-class data centers, we are aiming to create and innovate hyper-connected digital hubs with highly secure facilities and connectivity to give customers direct and reliable access to the Kingdom of Saudi Arabia\u2019s digital economy,\u201d said Senior Vice President at DAMAC Group Aqil Jaffer Ali in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.damacgroup.com\/en\/article\/leading-by-example-with-world-class-digital-infrastructure-hub\/\" style=\"\">press release<\/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=\"\"> KAEC is one of four new special economic zones (SEZs) launched in the Kingdom in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e540db24-8869-41bc-b9e2-8ee43a809579\" style=\"\">April<\/a><\/span><span style=\"\">. The 185-square-kilometer zone is located a short distance north of Jeddah on Saudi\u2019s Arabia\u2019s Red Sea coast. The freezone is pegged to King Abdullah Port \u2014 highlighted by the World Bank as the world\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1761fd21-2af0-46a2-9b64-3aedb7a364c6\" style=\"\">most efficient container port in 2021<\/a><\/span><span style=\"font-weight:400;\"> \u2014 and KAEC Industrial valley, which is geared towards logistics and light manufacturing. Upwards of 100 companies engaged in a range of activities including advanced logistics, automotives, pharmaceuticals, FMCG, packaging, and building materials manufacturing have made the move to KAEC, according to DAMAC\u2019s statement.<\/span><\/p>\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\/data-centers\/\">DATA CENTERS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/freezone\/\">freezone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"72410\" 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=\"72410\">\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\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/bahris-bottomline-rises-286-95-spike-in-2q-2023-motorcycle-leasing-firm-easylease-sees-income-fall-in-1h-2023\/\">\r\n                            Bahri\u2019s bottomline rises 286.95% spike in 2Q 2023 + motorcycle leasing firm EasyLease sees income fall in 1H 2023                        <\/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\/07\/31\/bahris-bottomline-rises-286-95-spike-in-2q-2023-motorcycle-leasing-firm-easylease-sees-income-fall-in-1h-2023\/\" 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              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spike in 2Q 2023 + motorcycle leasing firm EasyLease sees income fall in 1H 2023&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/bahris-bottomline-rises-286-95-spike-in-2q-2023-motorcycle-leasing-firm-easylease-sees-income-fall-in-1h-2023\/\">\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\/07\/31\/bahris-bottomline-rises-286-95-spike-in-2q-2023-motorcycle-leasing-firm-easylease-sees-income-fall-in-1h-2023\/&title=Bahri\u2019s bottomline rises 286.95% spike in 2Q 2023 + motorcycle leasing firm EasyLease sees income fall in 1H 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/bahris-bottomline-rises-286-95-spike-in-2q-2023-motorcycle-leasing-firm-easylease-sees-income-fall-in-1h-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72410\" class=\"content-area-description single-story post-72410 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings-watch tag-enterprise-logistics tag-last-mile tag-shipping-maritime 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\/7\/.2068b91a-7e8d-4879-b81f-707d38edf8d6.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 state-owned shipping firm the \u200b\u200bNational Shipping Company of Saudi Arabia <\/span><span style=\"font-weight:700\">(<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.bahri.sa\/\" style=\"\">Bahri<\/a><\/span><span style=\"font-weight:700\">) saw its net income rise 287% <\/span><span style=\"font-weight:700\">y-o-y<\/span><span style=\"font-weight:700\"> to SAR 495.4 mn in 2Q 2023<\/span><span style=\"\">, on the back of higher shipping rates and gains associated with the disposal of vessels,<\/span><span style=\"\">according to its interim <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMTA2EC_IDc0wiAzIDfcUVERAFFSih8!\/dz\/d5\/L0lDU0lKQ2dwUkNncFJDaUNsRUtJS1VRIS9ZQVVFQUFBSUlNSUVBSUNLR0tHQ0tPQk9CQ09KSkZKRk5JRUVKRERMRExOREFBISEvNEpDaWpzWXBNaFRqVUU1Q2ttb3ByZHRMWXpVczF1MmxzNXFDUUEhIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9BTk5PVU5DRU1FTlRfTlVNQkVSLzc1MDExL2NvbXBhbnlTeW1ib2wvNDAzMC9odHRwOiUwJTB0YWRhd3VsJTAvYW5uQ2F0LzEvYW5JZA!!\/\" style=\"\">financials<\/a><\/span><span style=\"\">. Revenues during the period also rose 18% <\/span><span style=\"\">y-o-y<\/span><span style=\"font-weight:400;\"> to SAR 2.35 bn, according to the financials. <\/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\">Driving the increase in 2Q 2023: <\/span><span style=\"\">The surge in net profit comes on the back of enhanced performance in the oil sector, which witnessed a SAR 255 mn increase in revenues during the quarter,<\/span><span style=\"\">the statement added. Its chemicals transportation sector also reported a SAR 209 mn rise in revenues due to the improvement in shipping rates compared to the same quarter in 2022. A SAR 100 mn spike in finance costs, however, restricted the increase in net income during the quarter, according to the financials. <\/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 company\u2019s financial performance also improved in 1H2023:<\/span><span style=\"\"> The company\u2019s bottomline jumped 412% y-o-y to SAR 987.9 mn in 1H 2023. Its topline during the period went up by 32.3% <\/span><span style=\"\">y-o-y<\/span><span style=\"\"> to SAR 4.7 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: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\">ADX-listed mobility solutions company and <\/span><span style=\"font-weight:700\">International Holdings <\/span><span style=\"font-weight:700\">Company<\/span><span style=\"font-weight:700\">subsidiary<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.easylease.ae\/\" style=\"\">EasyLease<\/a><\/span><span style=\"font-weight:700\">\u2019s bottomline fell 26.58 % <\/span><span style=\"font-weight:700\">y-o-y<\/span><span style=\"font-weight:700\">to AED 16.3 mn in 1H 2023<\/span><span style=\"\">,<\/span><span style=\"\">according to the company\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/1144.pdf\" style=\"\">earnings release (pdf)<\/a><\/span><span style=\"\">. The company\u2019s topline grew 37.5% <\/span><span style=\"\">y-o-y<\/span><span style=\"\"> to AED 139 mn during the same period. <\/span><span style=\"font-weight:400;\">The drop in net income comes as the company boosts investments in the development and deployment of new mobility solutions to expand its presence across the region, 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\">Rising demand for delivery motorbikes is behind the uptick in revenues: <\/span><span style=\"font-weight:400;\">EasyLease says the UAE is seeing an increase in demand for mobility solutions \u2014 and in particular, motorcycles \u2014 as e-commerce, F&B, and other business platforms look towards their cost and time efficiency.<\/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\">Looking ahead: <\/span><span style=\"\">The company is exploring automation solutions \u2014 including autonomous vehicles and drones\u2014  to boost operational efficiency, it said in the earnings release. <\/span><\/p>\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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/last-mile\/\">last-mile<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/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=\"72412\" 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=\"72412\">\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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/\">\r\n                            Qatar + Kazakhstan, Morocco + Israel increase flights. PLUS: China, Iran to cooperate on Belt and Road Initiative                        <\/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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/\" 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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/')\">\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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/\">\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=Qatar + Kazakhstan, Morocco + Israel increase flights. PLUS: China, Iran to cooperate on Belt and Road Initiative&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/\">\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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/&title=Qatar + Kazakhstan, Morocco + Israel increase flights. PLUS: China, Iran to cooperate on Belt and Road Initiative\">\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=Qatar+%2B+Kazakhstan%2C+Morocco+%2B+Israel+increase+flights.+PLUS%3A+China%2C+Iran+to+cooperate+on+Belt+and+Road+Initiative+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fqatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative%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\/07\/31\/qatar-kazakhstan-morocco-israel-increase-flights-plus-china-iran-to-cooperate-on-belt-and-road-initiative\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72412\" class=\"content-area-description single-story post-72412 post type-post status-publish format-standard hentry category-diplomacy tag-aviation tag-china tag-diplomacy tag-enterprise-logistics tag-iran tag-israel tag-morocco tag-qatar tag-trade 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\/7\/.e59e471c-ede8-4304-96c6-251d8f8ec627.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\">More flights between Qatar and Kazakhstan:<\/span><span style=\"\"> Qatar\u2019s General Authority of Civil <\/span><span style=\"\">Aviation (GACA) inked a MoU with Kazakhstan's Civil Aviation Authority (CAA) in Almaty to increase transport rights for cargo and passenger flights, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qna.org.qa\/en\/News-Area\/News\/2023-07\/26\/0058-qatar,-kazakhstan-sign-mou-in-air-transport\" style=\"\">Qatar News Agency<\/a><\/span><span style=\"\"> reports<\/span><span style=\"\">. The countries plan to<\/span><span style=\"\"> double the number of weekly passenger flights to Astana and Almaty from seven to 14 each, and boost the number of cargo flights to Astana to 10 flights. <\/span><span style=\"font-weight:400;\">The MoU reflects the countries\u2019 efforts to deepen their economic, trade, and bilateral relations while enhancing their air connectivity and increasing cargo 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\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">China <\/span><span style=\"\">and<\/span><span style=\"font-weight:700\"> Iran <\/span><span style=\"\">are looking to<\/span><span style=\"font-weight:700\"> bolster ties <\/span><span style=\"\">and<\/span><span style=\"font-weight:700\"> advance cooperation <\/span><span style=\"\">on<\/span><span style=\"font-weight:700\">the Belt and Road <\/span><span style=\"font-weight:700\">Initiative<\/span><span>, director of China\u2019s Central Commission for Foreign Affairs Wang Yi and Secretary of Iran's Supreme National Security Council Ali Akbar Ahmadian said during a meeting last week. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/english.news.cn\/20230725\/64724d5e18064d9194ea25326ab54fc2\/c.html\" style=\"\">Xinhua<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Morocco<\/span><span style=\"\"> and <\/span><span style=\"font-weight:700\">Israel<\/span><span style=\"\"> agreed to <\/span><span style=\"font-weight:700\">launch<\/span><span style=\"\"> a <\/span><span style=\"font-weight:700\">direct route<\/span><span style=\"\"> between <\/span><span style=\"font-weight:700\">Tel Aviv<\/span><span style=\"\"> and <\/span><span style=\"font-weight:700\">Essaouira<\/span><span> starting September in a bid to boost air connectivity between the two countries. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7090699806171377664\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<\/ul>\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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"72414\" 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=\"72414\">\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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/\">\r\n                            CMA CGM posts weak 2Q earnings amid declining market                        <\/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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/\" 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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/')\">\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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/\">\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=CMA CGM posts weak 2Q earnings amid declining market&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/\">\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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/&title=CMA CGM posts weak 2Q earnings amid declining market\">\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=CMA+CGM+posts+weak+2Q+earnings+amid+declining+market+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fcma-cgm-posts-weak-2q-earnings-amid-declining-market%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\/07\/31\/cma-cgm-posts-weak-2q-earnings-amid-declining-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72414\" class=\"content-area-description single-story post-72414 post type-post status-publish format-standard hentry category-logistics-in-the-news tag-enterprise-logistics tag-logistics-in-the-news tag-shipping-maritime tag-transport 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\/7\/.0eafb770-2152-471a-8aa9-e5282de0638f.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\">CMA CGM somber earnings for 2Q 2023 paint a bleak picture for transport + logistics: <\/span><span>French shipping giant CMA CGM\u2019s bottomline for the second quarter of 2023 fell 83% y-o-y to USD 1.3 bn, while revenues fell 36.9% to USD 12.3 bn, according to the company\u2019s most recent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cmacgm-group.com\/en\/news-media\/second-quarter-2023-financial-results\" style=\"\">earnings release<\/a><\/span><span style=\"font-weight:400;\">. \u201cThe transport and logistics market remains depressed,\u201d CMA CGM said in the earnings release. Revenues from the outfit\u2019s maritime freight operations declined 47.9% on a yearly basis to settle at USD 8.4 bn, while its logistics operations raked in USD 3.8 bn, remaining flat y-o-y.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Less-than-optimistic outlook: <\/span><span style=\"font-weight:400;\">An adverse global macroeconomic climate, shaky geopolitics, and a decline in transport markets underpin a gloomy outlook for the transport and logistics industry, the company said. Lukewarm economic growth and persistent inflation are expected to weigh on consumer demand, while new capacity is slated to drag down freight rates amid an uncertain market, particularly for East-West traffic, the company 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 news got ink<\/span><span> from <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-28\/shipping-giant-cma-cgm-paints-gloomy-outlook-as-profit-plummets#xj4y7vzkg\" style=\"\">Bloomberg<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/shipping-group-cma-cgm-braced-weaker-profit-before-demand-picks-up-2024-2023-07-28\/\" style=\"\">Reuters<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/lloydslist.maritimeintelligence.informa.com\/LL1146064\/CMA-CGM-expects-sluggish-market-for-remainder-of-year\" style=\"\">Lloyd\u2019s List<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\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-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transport\/\">transport<\/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=\"72416\" 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=\"72416\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/\">\r\n                            Wizz Air to hire 250 new employees by March 2024 + Qatar could make USD 9.4 bn carrier order for South Korean shipbuilders. PLUS: News from AfDB, Qatar Airways Cargo and more                        <\/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\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/\" 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\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/')\">\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\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/\">\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=Wizz Air to hire 250 new employees by March 2024 + Qatar could make USD 9.4 bn carrier order for South Korean shipbuilders. PLUS: News from AfDB, Qatar Airways Cargo and more&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/\">\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\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/&title=Wizz Air to hire 250 new employees by March 2024 + Qatar could make USD 9.4 bn carrier order for South Korean shipbuilders. PLUS: News from AfDB, Qatar Airways Cargo and more\">\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=Wizz+Air+to+hire+250+new+employees+by+March+2024+%2B+Qatar+could+make+USD+9.4+bn+carrier+order+for+South+Korean+shipbuilders.+PLUS%3A+News+from+AfDB%2C+Qatar+Airways+Cargo+and+more+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fwizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more%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\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1238.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72417\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/wizz-air-to-hire-250-new-employees-by-march-2024-qatar-could-make-usd-9-4-bn-carrier-order-for-south-korean-shipbuilders-plus-news-from-afdb-qatar-airways-cargo-and-more\/1238-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1238.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1238.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1238.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1238.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72416\" class=\"content-area-description single-story post-72416 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-energy tag-enterprise-logistics tag-qatar tag-uae tag-zones 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\/7\/.b813ce76-1d53-4278-a498-190ae11d8e2c.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;\">ENERGY- <\/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\">Qatargas could make a USD 9.4 bn carrier order with South Korean shipbuilders<\/span><span style=\"font-weight:700\"> by September:<\/span><span style=\"\"> South Korean shipbuilders HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries could secure a USD 9.4 bn carrier order from Qatar as soon as September, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.kedglobal.com\/shipping-shipbuilding\/newsView\/ked202307270007\" style=\"\">Korean Economic Daily Global<\/a><\/span><span style=\"\"> reports, citing industry sources. The companies are expected to receive orders from Qatar Energy subsidiary Qatargas to build some 40 liquefied natural gas (LNG) carriers. Sixteen of the orders are expected to go towards Samsung, while 14 will go to Hanwha Ocean, and 10 will go to HD Hyundai Heavy Industries. <\/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\">Wizz Air Abu Dhabi is set to hire 250 new employees as part of<\/span><span> plans to double its fleet by the end of its fiscal year, which ends in March 2024, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/2023\/07\/27\/wizz-air-abu-dhabi-to-hire-250-staff-as-it-doubles-fleet\/\" style=\"\">The National<\/a><\/span><span style=\"font-weight:400;\">reports. The airline \u2014 a joint venture between Hungary's Wizz Air and Abu Dhabi state holding company ADQ \u2014 plans to expand its workforce to 700 employees, who will operate a fleet of 16 aircraft by the end of the fiscal year, up from eight aircraft in April, Managing Director Johan Eidhagen told the outlet. <\/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\">Expansion plans: <\/span><span style=\"font-weight:400;\">In the short term, Wizz Air will focus on adding flight frequencies to existing routes and exploring markets in the Commonwealth of Independent States and the Mediterranean region. In the long term, the airline aims to operate long-range flights with Airbus A321XLR aircraft and expand its fleet to 50 jets within five years, up from its current 10 aircraft. Wizz Air is also currently in discussions to create an outbound airline based in Saudi Arabia.<\/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;\">TRADE FINANCE-<\/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 <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.afdb.org\/en\" style=\"\">African Development Bank<\/a><\/span><span style=\"font-weight:700\"> (AfDB) has approved a USD 70 mn risk-sharing <\/span><span style=\"font-weight:700\">agreement with Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.groupebcp.com\/fr\/Pages\/home.aspx\" style=\"\">Banque Centrale Populaire<\/a><\/span><span style=\"font-weight:700\">to develop foreign trade<\/span><span>, Moroccan news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mapnews.ma\/en\/actualites\/economy\/morocco-afdb-approves-70-million-risk-sharing-agreement-bcp-develop-foreign-trade\" style=\"\">MAP<\/a><\/span><span> reports.<\/span><span> The agreement aims to support African banks and their SME customers by providing African issuing banks who face financing activity constraints with access to trade finance instruments, and by fostering the banks\u2019 relationships with their customers to increase the development of regional and international foreign trade, the news agency 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 style=\"font-weight:400;\"> This agreement marks the second collaboration between the two under a wider risk sharing agreement, which has been put in place as a result of tightening compliance standards and capital adequacy in Africa, which has resulted in a lack of financing for African banks, according to MAP. <\/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=\"font-weight:700\">Qatar Chamber of Commerce and Industry<\/span><span style=\"\"> met with the <\/span><span style=\"font-weight:700\">Arab-Brazilian <\/span><span style=\"font-weight:700\">Chamber of Commerce<\/span><span> to discuss <\/span><span style=\"font-weight:700\">strengthening cooperation <\/span><span>between them. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarchamber.com\/qatar-chamber-arab-brazilian-chamber\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">Flynas<\/span><span style=\"\"> will launch triweekly <\/span><span style=\"font-weight:700\">direct flights<\/span><span style=\"\"> from <\/span><span style=\"font-weight:700\">Jeddah <\/span><span style=\"\">to <\/span><span style=\"font-weight:700\">Casablanca<\/span><span style=\"\"> on <\/span><span style=\"font-weight:700\">3 <\/span><span style=\"font-weight:700\">August. <\/span><span>(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.flynas.com\/en\/media-center\/news-updates\/jeddah-to-casablanca\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"\">Shipbroker <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.ssyonline.com\/\" style=\"\">Simpson Spence Young<\/a><\/span><span style=\"font-weight:700\"> (SSY)<\/span><span style=\"\"> will <\/span><span style=\"font-weight:700\">expand<\/span><span style=\"\"> its <\/span><span style=\"font-weight:700\">Dubai<\/span><span style=\"\"> office following <\/span><span>its acquisition of German offshore specialist broker <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/de.linkedin.com\/company\/force3-offshore\" style=\"\">F3 Offshore<\/a><\/span><span>, which specializes in North Sea renewables. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ssyonline.com\/news-events\/posts\/2023\/july\/ssy-accelerates-offshore-ambition-with-f3-offshore-acquisition\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Qatar Airways Cargo<\/span><span style=\"\"> transported<\/span><span style=\"\">over <\/span><span style=\"font-weight:700\">1.5 mn tonnes <\/span><span style=\"\">of air freight between 1 April 2022 <\/span><span>and<\/span><span> 31 March 2023, accounting for an <\/span><span style=\"font-weight:700\">8.14% <\/span><span>share<\/span><span>of the global market. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarairways.com\/press-releases\/en-WW\/228541-qatar-airways-group-annual-report-and-consolidated-financial-statement-2022-2023\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/qfz.gov.qa\/\" style=\"\">Qatar<\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/qfz.gov.qa\/\" style=\"\">Freezones<\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/qfz.gov.qa\/\" style=\"\">Authority<\/a><\/span><span style=\"\"> received a <\/span><span style=\"font-weight:700\">Chinese delegation from <\/span><span style=\"font-weight:700\">Zhengzhou City<\/span><span> at its<\/span><span style=\"font-weight:700\"> Ras Bufontas freezone<\/span><span> to discuss potential <\/span><span style=\"font-weight:700\">investment<\/span><span> avenues in Qatar\u2019s freezones and the <\/span><span style=\"font-weight:700\">investment landscape<\/span><span> of Zhengzhou city. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/QatarFreeZones\/posts\/pfbid02jR9hrv9RdNT57mSVKycHuc4XR4Trz5RucvAxLmDTAt8kigEr7GXF21wAbKx1F1Cwl\" style=\"\">Statement<\/a><\/span><span>)<\/span><\/li>\n<\/ul>\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\/energy\/\">energy<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/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=\"72418\" 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=\"72418\">\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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/\">\r\n                            Boeing earnings beat analyst expectations on the back of a rise in aircraft deliveries + EU ship operators must buy CO2 permits next year. PLUS: Roadblock in Canada port strike?                        <\/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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/\" 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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/')\">\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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/\">\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=Boeing earnings beat analyst expectations + EU ship operators must buy CO2 permits next year. PLUS: Roadblock in Canada port strike?&url=https:\/\/enterpriseam.com\/logistics\/2023\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/\">\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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/&title=Boeing earnings beat analyst expectations + EU ship operators must buy CO2 permits next year. PLUS: Roadblock in Canada port strike?\">\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=Boeing+earnings+beat+analyst+expectations+%2B+EU+ship+operators+must+buy+CO2+permits+next+year.+PLUS%3A+Roadblock+in+Canada+port+strike%3F+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F07%2F31%2Fboeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike%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\/07\/31\/boeing-earnings-beat-analyst-expectations-eu-ship-operators-must-buy-co2-permits-next-year-plus-roadblock-in-canada-port-strike\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72418\" class=\"content-area-description single-story post-72418 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-aviation tag-canada tag-enterprise-logistics tag-shipping-maritime tag-zones 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\/7\/.be969cda-889f-4049-8490-006c0d4b11d2.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\">Boeing beats analyst expectations as aircraft deliveries boost cashflow: <\/span><span style=\"\">Aerospace giant Boeing posted a USD 149 mn loss in 2Q 2023, compared<\/span><span style=\"\"> to USD <\/span><span>160 mn in net income during the same period last year, according to the company\u2019s latest <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/boeing.mediaroom.com\/2023-07-26-Boeing-Reports-Second-Quarter-Results?_gl=1*hijpp9*_ga*MTUzNTk0MTY3OC4xNjg2MTUzOTY3*_ga_3N2PEGZ4HD*MTY5MDQ1ODg5OC41LjEuMTY5MDQ1ODkxMy4wLjAuMA..\" style=\"\">earnings release<\/a><\/span><span>. The results exceeded analysts\u2019 forecasts, despite falling in the red, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/07\/26\/boeing-ba-q2-2023-earnings.html\" style=\"\">CNBC<\/a><\/span><span> repo<\/span><span>rts. A surge in commercial aircraft deliveries \u2014 which totaled 136 during the quarter \u2014 and the resultant bump in cashflows underpinned the better-than-expected results<\/span><span style=\"font-weight:400;\"> as the company ramps up production of its flagship products to meet orders, CNBC explained. These gains were, however, offset by losses in the company\u2019s space and defense businesses, which drove the company into loss-making territory. <\/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\">Market reax: <\/span><span style=\"font-weight:400;\">Boeing\u2019s stock price surged 9% on the news, closing at USD 232.80, its highest closing price since November 2021, CNBC reported.<\/span><\/p>\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\">EU ship operators will be required to buy permits on the carbon market for the first time next year<\/span><span style=\"\">,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/eu-squeeze-carbon-market-cap-2024-new-climate-policies-kick-2023-07-28\/\" style=\"\">Reuters<\/a><\/span><span> reports, citing a European Commission statement. So far, power plants, industries, and airlines were required to purchase the permits as part of a wider program to encourage companies to cut back emissions, but next year will see shippers added to the list<\/span><span style=\"font-weight:400;\">. Some 78.4 mn new CO2 permits added to the market next year reflect the inclusion of the shipping sector, the commission 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\">YES, BUT- There will be fewer permits to go around: <\/span><span>The EU is looking to curb the number of permits sold on the market as it eyes tougher emissions policies,<\/span><span> the newswire reports. The number of permits is cut back annually and reforms adopted by EU states this year have set out to hasten that rate. This means the number of permits in 2024 will fall to 1.39 bn, down from this year\u2019s 1.49 bn.<\/span><span> Analysts expect carbon prices to spike in coming years as more companies compete for a smaller pool of permits, Reuters explained. <\/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\">The Canadian government is set to intervene in the ongoing port labor dispute to keep <\/span><span style=\"font-weight:700\">the country\u2019s busiest port open<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-29\/canada-set-to-intervene-in-dockworker-dispute-to-keep-ports-open?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span> reports. The dock workers\u2019 union turned down a mediated agreement for the second time in a month, prompting the country\u2019s Labor Minister Seamus O\u2019Regan Jr. to involve the Canada Industrial Relations Board. O\u2019Regan has asked the Canada Industrial Relations Board to assess if the union's rejection of the deal has made it impossible to reach a negotiated settlement. \u201cIf so, the government can either impose a new collective agreement on the parties or final binding arbitration,\u201d he said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/SeamusORegan\/status\/1685361600100798464\/photo\/1\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. \u201cThe government is prepared for all options and eventualities,\u201d he 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\">Background:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c55f07ad-6b6a-447d-abf8-96047c7e52f5\" style=\"\">The strike<\/a><\/span><span style=\"font-weight:400;\">, which began on 1 July and lasted for 13 days, caused significant disruptions to trade and the economy, hindering an estimated USD 7.6 bn in shipments. The rejected agreement would have increased wages by 19.2% over four years. Business groups are urging the government to ensure the ports stay open.<\/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\">IMO Council appoints Arsenio Velasco as secretary-general for 2024-28: <\/span><span style=\"\">The <\/span><span>International Maritime Organization (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imo.org\/\" style=\"\">IMO<\/a><\/span><span>) Council has appointed Panamanian Arsenio Velasco as secretary general for a four-year term, starting January 2024, pending the IMO Assembly's approval, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imo.org\/en\/MediaCentre\/Pages\/WhatsNew-1936.aspx\" style=\"\">statement<\/a><\/span><span>. Velasco served as director of the IMO's marine environment division for over six years and was previously Panama's IMO representative, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/un-shipping-agencys-council-elects-panamas-dominguez-secretary-general-2023-07-18\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reports.  according to his LinkedIn biography. He has also served with Panama's maritime authority. Velasco succeeds current secretary general Kitack Lim from South Korea, who served a two-year term. <\/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\">Vietnam\u2019s exports<\/span><span style=\"\"> have hit their <\/span><span style=\"font-weight:700\">longest slump in 14 years<\/span><span style=\"\"> after falling <\/span><span style=\"font-weight:700\">consecutively for five months<\/span><span>, putting it at risk of missing its <\/span><span style=\"font-weight:700\">6.5% growth target<\/span><span> in 2023. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-29\/vietnam-exports-post-longest-stretch-of-declines-since-2009?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span>)<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/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=\"72420\" 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\/07\/31\/72420\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72420\" class=\"content-area-description single-story post-72420 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;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-28 (Monday-Friday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/w1933296\" style=\"\">fourth round of negotiations<\/a><\/span><span style=\"font-weight:400;\"> between the GCC and the UK for a trade agreement will take place in London. <\/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;\">AUGUST<\/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;\">Oman will award Ras Al Hadd Airport consultancy contract. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 August (Monday): Registration for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s Logistics Unleashed competition<\/a><\/span><span style=\"font-weight:400;\"> concludes.<\/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>4-8 September (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expotobi.com\/logistics-transport-management\" style=\"\">Logistics and Transport Management<\/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>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;\">, Crowne Plaza Al Waha, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainability-live.com\/\" style=\"\">Sustainability LIVE London<\/a><\/span><span style=\"font-weight:400;\">, Business Design Centre, London.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/libyaherald.com\/2023\/06\/the-libyan-moroccan-forum-for-trade-and-business-11-to-14-september-in-tangiers-morocco\/\" style=\"\">The Libyan Moroccan Forum for Trade and Business<\/a><\/span><span style=\"font-weight:400;\">, Tangiers, Morocco.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">Enterprise Finance Forum<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Hotel, Cairo.<\/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>20-23 September (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mtbevents.com\/events\/mtb-workboats-2023\/\" style=\"\">MTB Workboats<\/a><\/span><span style=\"font-weight:400;\">, Hyatt Regency Dubai, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 September(Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aviationnews-online.com\/conferences\/dubai\/\" style=\"\">Airline Economics Growth Frontiers Middle East & Africa<\/a><\/span><span style=\"font-weight:400;\">, The Ritz-Carlton, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/procureconeu.wbresearch.com\/\" style=\"\">ProcureCon<\/a><\/span><span style=\"font-weight:400;\">, Hyatt Regency Barcelona Tower, Spain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/americas.breakbulk.com\/home\" style=\"\">Breakbulk Americas<\/a><\/span><span>, George R. Brown Convention Center, Houston, Texas. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>September-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s \u201cLogistics Unleashed\u201d competition<\/a><\/span><span style=\"font-weight:400;\">, 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;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Egypt\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sczone.eg\/\" style=\"\">Suez Canal Economic Zone<\/a><\/span><span> (SCZone) goes on a roadshow to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sczone.eg\/sczone-receives-the-korean-ambassador-to-discuss-preparation-for-an-upcoming-promotional-tour\/\" style=\"\">South Korea<\/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>3-4 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/world-sustainability-symposium\/\" style=\"\">IATA World Sustainability Symposium<\/a><\/span><span style=\"font-weight:400;\">, Madrid, Spain. <\/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>10-12 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-mobility Forum<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e1k2-53s3-fxhf\" style=\"\">Future Fuels Europe<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaasm.org\/news\/international-congress-of-aviation-and-space-medicine-icasm-2023\" style=\"\">International Congress of Aviation and Space Medicine<\/a><\/span><span style=\"font-weight:400;\">, Conrad, Etihad Towers, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 Oct-2 Nov (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaphworldports.org\/iaph-world-ports-conference\/\" style=\"\">IAPH World Ports Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-31 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gartner.com\/en\/conferences\/emea\/supply-chain-planning-uk\" style=\"\">Gartner Supply Chain Planning Summit<\/a><\/span><span style=\"font-weight:400;\">, London, UK. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>September-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s \u201cLogistics Unleashed\u201d competition<\/a><\/span><span style=\"font-weight:400;\">, 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\">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>9-15 November (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.intrafricantradefair.com\/en\" style=\"\">Intra-AfricanTrade Fair<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-17 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/dubai-airshow-2023-registration?gclid=Cj0KCQjwnrmlBhDHARIsADJ5b_mjD0l3EWpN08DVVI5axMlTTCljLWH7opPMHw05eUAgTXI2Ke7GOIQaAuQVEALw_wcB\" style=\"\">Dubai Airshow<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Center, 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-Wednesday): <\/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>14-17 November (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/programs\/ops-infra\/slots\/conference\/\" style=\"\">IATA Slot Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre, Dubai, UAE.<\/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:400;\">21-23 November (Tuesday-Thursday): Touchdown Middle East, Gulf Hotel, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 November (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/sclg-summit\" style=\"\">Global Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Grand Millennium Hotel Business Bay, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November-3 December (Saturday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/handling-expo\" style=\"\">Handling Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>September-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s \u201cLogistics Unleashed\u201d competition<\/a><\/span><span style=\"font-weight:400;\">, 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;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/events\/investinlogistics6783236786333204480\/\" style=\"\">Invest in Logistics<\/a><\/span><span style=\"font-weight:400;\">, St.Regis Almasa Hotel, New Administrative Capital, Egypt.<\/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:400;\">3Q 2023: Design and supervision contract for Oman\u2019s proposed Musandam Airport to be awarded.<\/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;\">Before the end of the year: The first phase of the Ain Sokhna port redevelopment will wrap. <\/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>1Q 2024: Construction of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Agility\/status\/1664177888365535232?cxt=HHwWgICz8Zy-rJguAAAA\" style=\"\">phase 3<\/a><\/span><span style=\"font-weight:400;\"> of Agility\u2019s logistic park in Abidjan, C\u00f4te d'Ivoire to be completed. <\/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;\">1H 2024: Work is scheduled to begin on the 162 km Rasht-Astara railway in Iran. <\/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>13th <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303180396\" style=\"\">World Trade Organization Ministerial Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/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>5-6 March (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/home.html\" style=\"\">MRO Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai 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>12-14 March (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wcs\/\" style=\"\">IATA World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, 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;\">DECEMBER 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;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, DWC, 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;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bahraininternationalairshow.com\/\" style=\"\">The Bahrain International Airshow<\/a><\/span><span style=\"font-weight:400;\"> will kick off to mark a decade of success <\/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>Mid-2025: 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 style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/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;\">2027<\/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;\">4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\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":72399,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-72398","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"7b930388-9ced-4e0e-95fb-89b2a2cc9580","teaser":"","photo_url":"https:\/\/ent.news\/2019\/6\/1846.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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