{"id":72443,"date":"2023-08-01T01:15:00","date_gmt":"2023-08-01T01:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=72443"},"modified":"2025-12-15T13:01:53","modified_gmt":"2025-12-15T13:01:53","slug":"agility-to-draw-down-eur-1-3-bn-in-hedging-agreement","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/agility-to-draw-down-eur-1-3-bn-in-hedging-agreement\/","title":{"rendered":"Agility to draw down EUR 1.3 bn in hedging agreement"},"content":{"rendered":"<section id=\"72445\" 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=\"72445\">\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\/08\/01\/today-saudi-arabia-is-on-a-latin-american-roadshow-new-maritime-esg-index-coming-this-september\/\">\r\n                            TODAY: Saudi Arabia is on a Latin American roadshow + new maritime ESG index coming this September                        <\/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\/1310.JPG?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1310.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1310.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1310.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72445\" class=\"content-area-description single-story post-72445 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-aviation tag-enterprise-logistics tag-investment tag-shipping-maritime tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.04de4f6e-416a-4cba-ad2d-f9d4c96760d2.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, lovely people. <\/span><span style=\"\">We have a tight issue for you this morning, with a couple of<\/span><span style=\"font-weight:400;\"> interesting stories coming out of the UAE and Kuwait. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG LOGISTICS STORY- <\/span><span style=\"\">Kuwaiti logistics outfit entered a multi-year <\/span><span style=\"\">derivative transaction<\/span><span style=\"\"> with several major banks to hedge its investment in Danish global freight forwarder DSV for the second time this year. Over in the UAE, China\u2019s GAC Motors has inaugurated a car parts distribution center to slash order cycle times for MENA customers. <\/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\">Burning car carrier saga continues: <\/span><span style=\"\">A burning cargo ship carrying cars off the Dutch <\/span><span>coast is being towed to a temporary site away from shipping routes, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/europe\/burning-car-carrier-off-dutch-coast-being-towed-away-shipping-lanes-2023-07-31\/\" style=\"\">Reuters<\/a><\/span><span> reports, citing Dutch authorities. The towing operation was set to begin earlier but <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2b183644-00ca-41d7-a9ea-13d831b2518e\" style=\"\">had to be put off<\/a><\/span><span style=\"font-weight:400;\"> due to unfavorable winds.<\/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 style=\"font-weight:400;\"> reported.<\/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\">KSA on Latin American roadshow:<\/span><span style=\"\"> Saudi Investment Minister Khalid Al Falih is<\/span><span>heading a high-level delegation to seven Latin American countries to strengthen economic relations, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/a301cb16cbd\" style=\"\">Saudi Press Agency (SPA)<\/a><\/span><span> reports<\/span><span style=\"font-weight:400;\">. The delegation kicked off the trip \u2014 which will run until 9 August \u2014 in Brazil yesterday with the goal of drumming up investments in Saudi Arabia\u2019s mining, food processing, agriculture, transport and logistics, healthcare, entertainment, pharma, and biotechnology sectors, SPA said. The delegation will later head to Chile, Costa Rica, Argentina, Panama, Paraguay, and Uruguay.  <\/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\">WATCH THIS SPACE- <\/span><span style=\"font-weight:700\">ESG Index for maritime sector unveiled<\/span><span style=\"font-weight:700\">: <\/span><span style=\"\">Two m<\/span><span style=\"\">aritime academic <\/span><span>institutions \u2014 the University of Plymouth and the National and Kapodistrian University of Athens \u2014 have developed an ESG reporting framework and index for the maritime sector in collaboration with an advisory committee of industry experts, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/assafinaonline.com\/news_details\/en\/16903\/Launch-of-ESG-Index-for-maritime\" style=\"\">Assafina Online<\/a><\/span><span>. The index, based on extensive global research spanning three years, aims to fill the gap in credible benchmarking in the industry and help shipping companies adhere to upcoming stricter ESG reporting requirements. It is based on an assessment of over 70 shipping companies. The official launch of the index will take place at Lon<\/span><span>don International Shipping Week 2023, which kicks off on 11 September<\/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<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">DATA POINT #1- Oman\u2019s civil aviation sector is approaching pre-covid operation <\/span><span style=\"font-weight:700\">levels<\/span><span>, with airports running at 70% of pre-pandemic capacities, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/aviation\/oman-aviation-sector-nears-pre-covid-operation-levels-d9nga2ib\" style=\"\">Zawya<\/a><\/span><span style=\"font-weight:400;\"> reports. Aircraft traffic increased 28.4% y-o-y to 9.8k flights during 1H 2023, while forecasts for the upcoming months suggest traffic will exceed 2019 activity levels. Oman is gearing up to introduce Oman Air \u2014 its new national carrier \u2014 to new destinations, President of CAA Naif bin Ali Al Abri 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\">More air transport agreements coming? <\/span><span style=\"\">Oman\u2019s Civil Aviation Authority has signed several <\/span><span>air transport agreements over the past few years, including with the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2009-2017.state.gov\/e\/eb\/rls\/othr\/ata\/o\" style=\"\">EU<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2a4e6445-3421-4ae2-b78a-c70c60d5cb20\" style=\"\">Belarus<\/a><\/span><span style=\"font-weight:400;\">. \u201cNegotiations are underway with several countries, with the total number of agreements already standing at 122, including 66 open skies agreements,\u201d Abri said, adding that the coming months could see more agreements signed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT #2- Turkey\u2019s airports received 1.8 mn tons of cargo in 1H 2023<\/span><span style=\"\">, up 1.6% y-o-y<\/span><span>, Turkey\u2019s Transport and Infrastructure Minister Abdulkadir Uralo\u011flu said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.uab.gov.tr\/haberler\/ucaklarimizin-yuku-artiyor-ulastirma-ve-altyapi-bakani-abdulkadir-uraloglu-2023-haziran-ayi-sonunda-yuk-trafigi-ic-ve-dis-hatlarda-toplam-1-milyon-846-bin-483-tona-ulasti\" style=\"\">statement<\/a><\/span><span>.<\/span><span style=\"font-weight:400;\"> This marks the beginning of an upward trend, and Turkey aims to boost air cargo operations by 6% by year\u2019s end, he added. Uralo\u011flu cited speed, safety, and smoother customs procedures as drivers for increased demand for air freight, 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\">DATA POINT #3- Saudi Arabia\u2019s air traffic increased 43% y-o-y in 1H 2023<\/span><span style=\"\">, <\/span><span>registering <\/span><span>403k flights<\/span><span> during the period, state run <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/SANS_KSA\/status\/1684541839511105536\" style=\"\">Saudi Air Navigation Services (SANS)<\/a><\/span><span> said in a statement<\/span><span style=\"font-weight:400;\">. June in particular saw high numbers, the company added. Total domestic and international flights to the kingdom came in at 305.2k, 27% higher than the same period last year, while transit flights rose 25% y-o-y to 98k. The number of destinations served also increased 15% when compared to 1H 2022, settling at a little below 7.2k, according to SANS\u2019 figures. <\/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;\"><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\">The UAE\u2019s Finance Ministry is holding a digital public consultation on its website <\/span><span style=\"font-weight:700\">that began last week and runs until tomorrow<\/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 style=\"font-weight:400;\">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> 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\">The next edition of the World Freezones Organization\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">Annual International<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">Conference and Exhibition<\/a><\/span><span style=\"font-weight:700\">(AICE) will be taking place on the 19-21 June 2024 in Bari, Italy<\/span><span>, coinciding with the G7 summit taking place in Puglia. The event serves as a platform for dialogue and collaboration on topics such as <\/span><span>freezones<\/span><span>, advancements in artificial intelligence, digital transformation, and ESG objectives within the framework of the Global Alliance of Special Economic Zones, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">WAM<\/a><\/span><span style=\"font-weight:400;\"> reports. It will bring together key stakeholders to discuss how freezones can boost trade and drive economic growth, 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\">The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.itln.in\/events\/globalpharma2023\/\" style=\"\">Global Pharma Logistics Summit 2023<\/a><\/span><span style=\"font-weight:700\"> will take place on 12 September at ITC <\/span><span style=\"font-weight:700\">Maratha in Andheri East in Mumbai, India.<\/span><span style=\"font-weight:400;\"> The one-day conference will bring together pharma companies and their logistics service providers  to discuss trends transforming the industry\u2019s future, and how they can work together to build a reliable global pharma supply chain.<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + 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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=\"72448\">\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\">Finance<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/agility-hedges-dsv-investment-with-eur-1-3-bn-equity-collar-in-the-second-transaction-of-the-type-this-year\/\">\r\n                            Agility hedges DSV investment with EUR 1.3 bn equity collar in the second transaction of the type this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Agility+hedges+DSV+investment+with+EUR+1.3+bn+equity+collar+in+the+second+transaction+of+the+type+this+year+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F01%2Fagility-hedges-dsv-investment-with-eur-1-3-bn-equity-collar-in-the-second-transaction-of-the-type-this-year%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\/08\/01\/agility-hedges-dsv-investment-with-eur-1-3-bn-equity-collar-in-the-second-transaction-of-the-type-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72448\" class=\"content-area-description single-story post-72448 post type-post status-publish format-standard hentry category-finance tag-capital-markets tag-enterprise-logistics tag-finance 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\/8\/.0aeab980-8ddf-4066-a67f-8aaf27edeba6.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\">Agility to draw down some EUR 1.3 bn from hedging agreement:<\/span><span style=\"\">Kuwait's Agility has entered into a derivative transaction with Morgan Stanley, Citibank, National Association, and HSBC,<\/span><span style=\"\"> to hedge its investment in Danish global freight forwarder DSV for the second time this year, the company said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agility.com\/en\/investor-relations-news\/agility-entered-into-multi-year-funded-equity-collar\/\" style=\"\">statement<\/a><\/span><span style=\"\">. Agility will be able to begin drawing down up to EUR 1.3 bn within a few weeks, according to the statement. <\/span><span style=\"\">Enterprise Logistics was unable to receive a comment from company representatives ahead of dispatch time. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span style=\"\"> The<\/span><span style=\"\"> company is set to receive EUR 1.3 bn of relatively \u201ccheaper liquidity\u201d as the agreement is funded for 8 mn of Agility\u2019s shares in DSV, <\/span><span style=\"\">which amounts to a 4% stake.<\/span><span style=\"font-weight:400;\"> This in turn is expected to strengthen Agility\u2019s balance sheet, the statement said. The collar agreement will be accounted as a fair value hedge, and be reflected in Agility\u2019s financial statements at fair value through comprehensive income.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span style=\"\"> Agility is DSV\u2019s second largest shareholder, with an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agility.com\/en\/agility-reports-kd-68-million-net-profit-for-the-full-year-of-2022\/\" style=\"\">8.8% stake in the company<\/a><\/span><span style=\"\">. The logistics giant purchased the stake when it sold its subsidiary, Global Integrated Logistics (GIL), to DSV in an all-share agreement in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dsv.com\/en\/about-dsv\/press\/news\/com\/2021\/08\/dsv-panalpina-as-completes-dkk-302-billion-acquisition-of-global-integrated-logistics-from-agility\" style=\"\">2021<\/a><\/span><span style=\"\">. Agility <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ece8c997-35a0-40ee-a9bf-0d39fdd722c6\" style=\"\">moved to hedge its investment<\/a><\/span><span style=\"font-weight:400;\"> in DSV in April via another funded equity collar agreement that saw the company rake in EUR 1 bn of relatively cheap liquidity. <\/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\u2019s a collar agreement, you ask? <\/span><span style=\"\">It\u2019s a form of <\/span><span style=\"font-weight:400;\">derivative where the investor sells a call option on a long stock position and buys a protective put option at the same time. It protects against downside risk in share price by creating a range of values (the \u201ccollar\u201d) within which the asset can trade during a specific time period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The rationale:<\/span><span style=\"font-weight:400;\"> \u201cGiven continued market uncertainty and the significance of the DSV stake on Agility\u2019s overall value, Agility has undertaken this hedging transaction, out of prudence, to protect the value of the investment and shareholders\u2019 value,\u201d the company said in the statement. The derivative does not \u201cimply that the company is selling its DSV shares,\u201d it said, adding that it will enable Agility to \u201cbenefit, to some extent, from the increase in the DSV share price, while at the same time limiting the impact of a possible decline in DSV stock price in the future within the agreed limits.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The company had a good 1Q 2023:<\/span><span style=\"\"> Agility saw its bottom line rise 20% y-o-y to KD 15.3 mn in 1Q 2023, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b2bfe8e8-edca-4aab-ab21-020b384326e9\" style=\"\">most recent earnings<\/a><\/span><span style=\"\">. The Kuwaiti warehousing and industrial developer\u2019s revenues soared 142.7% y-o-y to KD 320.5 mn during the quarter.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/finance\/\">finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"72450\" 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=\"72450\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/gac-motors-launches-distribution-center-in-uae\/\">\r\n                            GAC Motors launches distribution center in UAE                        <\/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\/08\/01\/gac-motors-launches-distribution-center-in-uae\/\" 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\/08\/01\/gac-motors-launches-distribution-center-in-uae\/')\">\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\/08\/01\/gac-motors-launches-distribution-center-in-uae\/\">\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=GAC Motors launches distribution center in UAE&url=https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/gac-motors-launches-distribution-center-in-uae\/\">\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\/08\/01\/gac-motors-launches-distribution-center-in-uae\/&title=GAC Motors launches distribution center in UAE\">\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=GAC+Motors+launches+distribution+center+in+UAE+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F01%2Fgac-motors-launches-distribution-center-in-uae%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\/08\/01\/gac-motors-launches-distribution-center-in-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1274.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72451\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/gac-motors-launches-distribution-center-in-uae\/1274-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1274.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1274.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1274.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1274.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72450\" class=\"content-area-description single-story post-72450 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-automotive tag-enterprise-logistics tag-storage-warehouses tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.ca6c0e63-2344-4aae-ac3e-28365558fae1.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\">China\u2019s<\/span><span style=\"font-weight:700\">GAC Motors opens parts distribution center in Jebel Ali freezone: <\/span><span style=\"\">Chinese-based automobile manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gac-motor.com\/en\/index\" style=\"\">Guangzhou Automobile Group (GAC)<\/a><\/span><span style=\"\"> subsidiary <\/span><span style=\"\">GAC Motors opened its new parts distribution center at the UAE\u2019s Jebel Ali Freezone last week, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gac-motor-boosts-logistics-speed-with-new-parts-distribution-center-in-middle-east-eueozsr6\" style=\"\">press release<\/a><\/span><span style=\"font-weight:400;\">. The center \u2014 dubbed the  Middle East Parts Distribution Center \u2014 is the first of seven warehouses GAC plans to set up overseas as part of its expansion plans.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details: <\/span><span style=\"\">The center\u2019s warehouses currently have in their stock over 2k types of component car parts worth more than USD 1.5 mn, according to the statement. The center helped reduce the order cycle time from 25 days to just a week during trial operations, which began in June. The warehouse will also ensure the provision of GAC\u2019s models \u2014 including GS3, GS5 and GS8 \u2014 and its new EMKOO and EMZOOM <\/span><span style=\"\">m<\/span><span style=\"font-weight:400;\">odels, the statement said.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/automotive\/\">Automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"72452 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"72452\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/72452\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72452\" class=\"content-area-description single-story post-72452 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"http:\/\/www.hassanallam.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/825.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"72453\" 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=\"72453\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/\">\r\n                            Iraq + Kuwait agree to resolve maritime border dispute + boost trade                        <\/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\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/\" 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\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/')\">\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\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/\">\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=Iraq + Kuwait agree to resolve maritime border dispute + boost trade&url=https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/\">\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\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/&title=Iraq + Kuwait agree to resolve maritime border dispute + boost trade\">\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=Iraq+%2B+Kuwait+agree+to+resolve+maritime+border+dispute+%2B+boost+trade+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F01%2Firaq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade%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\/08\/01\/iraq-kuwait-agree-to-resolve-maritime-border-dispute-boost-trade\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72453\" class=\"content-area-description single-story post-72453 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-enterprise-logistics tag-iraq tag-kuwait tag-shipping-maritime 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\/8\/.f99adf90-328e-4b8b-82da-f9223a72ec5e.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\">Hope for Iraq + Kuwait\u2019s long standing maritime border dispute?<\/span><span style=\"\"> Iraq and Kuwait<\/span><span style=\"\"> have <\/span><span style=\"\">agreed to bolster their bilateral relations, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/27842-al-halbousi-and-the-kuwaiti-foreign-minister-discuss-activating-parliamentary-diplomacy.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"\"> reports<\/span><span style=\"\">. Kuwaiti Foreign Minister Salem Al Sabah and his Iraqi counterpart, Fuad Hussein, discussed increasing cooperation in several fields, including economy and investment, as well as resolving outstanding issues between the countries, the news agency writes. The two also agreed to work towards completing the demarcation of the maritime borders between the countries through talks between various technical committees, according to an Iraqi Foreign Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mofa.gov.iq\/2023\/38831\/\" style=\"\">statement<\/a><\/span><span style=\"\">. They also touched upon ways to promote investment and trade to achieve common interests and strengthen relations, <\/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\/30\/0047-iraqi-president,-kuwaiti-foreign-minister-discuss-ways-to-consolidate-bilateral-relations\" style=\"\">Qatar News Agency<\/a><\/span><span style=\"font-weight:400;\"> 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\">Maritime borders? <\/span><span style=\"\">Iraq has long contested the UN\u2019s de facto maritime border demarcation for Kuwait after Saddam Hussein\u2019s invasion of Kuwait, demanding that it continue accessing Gulf waters, which are a lifeline for its economy and oil exports, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.voanews.com\/a\/iraq-and-kuwait-seek-to-solve-contested-border-issue-\/7204609.html\" style=\"\">Voice of America<\/a><\/span><span style=\"\"> reports. <\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kuwait\/\">Kuwait<\/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\/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=\"72455\" 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=\"72455\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/shipping-firms-are-expanding-capacity-at-an-unprecedented-rate-rising-temperatures-are-a-threat-to-logistics-workers\/\">\r\n                            Shipping firms are expanding capacity at an unprecedented rate + rising temperatures are a threat to logistics workers                        <\/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\/08\/01\/shipping-firms-are-expanding-capacity-at-an-unprecedented-rate-rising-temperatures-are-a-threat-to-logistics-workers\/\" 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\/08\/01\/shipping-firms-are-expanding-capacity-at-an-unprecedented-rate-rising-temperatures-are-a-threat-to-logistics-workers\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1306.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72456\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/shipping-firms-are-expanding-capacity-at-an-unprecedented-rate-rising-temperatures-are-a-threat-to-logistics-workers\/1306-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1306.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1306.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1306.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1306.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72455\" class=\"content-area-description single-story post-72455 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-climate tag-enterprise-logistics tag-logistics-in-the-news 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\/8\/.af42bea1-31df-48a8-8086-2cd89e81f27e.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\">Shipping industry sees a record USD 90 bn in ship orders: <\/span><span style=\"\">The shipping <\/span><span style=\"\">sector \u2014 well-known for its \u201ccycles of boom and bust\u201d \u2014 is currently seeing an unprecedented USD 90 bn global ship order pipeline, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-31\/a-record-90-billion-in-ship-orders-loom-over-boom-bust-industry?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span style=\"\">reports, citing data from Drewry Maritime Research. There were 890 ships on the global container vessel order book as of 1 July, as<\/span><span style=\"\">major companies, including MSC, Maersk, CMA CGM, and Hapag-Lloyd, use their pandemic gains to acquire new vessels, mostly from Korean and Chinese shipyards. This could boost net new capacity next year by a record 1.82 mn TEUs, Drewry says.<\/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 rapid expansion of capacity could backfire, experts say:<\/span><span style=\"\"> The industry is facing uncertainty due to freight rates dropping and concerns of overcapacity rising, with numerous shipping tycoons making pessimistic forecasts for the upcoming months.<\/span><span style=\"font-weight:400;\"> \u201cThere will be shipowners \u2014 tonnage providers \u2014 out there that will have stretched themselves,\u201d the CEO of a vessel finance firm told the business news information service. \u201cAlthough the last couple of years have been profitable for shipping, the accumulated earnings are far from enough to fund the investment in new technology and ships in the coming decade.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A lot of these new orders are for less polluting vessels: \u200b\u200b<\/span><span>\u201cThe supply-demand balance for the next period will likely be under pressure because capacity will grow more than trade,\u201d CMA CGM\u2019s CFO said, who noted that helping counteract that effect is the scrapping of older vessels for new, less polluting ones, and the slowing down of engine speeds to curb emissions and meet the new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2b4f05f1-1ad4-4153-b914-ebd9c16ced4d\" style=\"\">IMO carbon emission requirements<\/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<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\">Rising temperatures are making logistics workers jobs harder: <\/span><span style=\"\">Rising temperatures <\/span><span>are becoming more of a concern for delivery workers and those in the logistics field who face demanding tasks of carrying goods and driving vehicles that often lack air conditioning, causing worker productivity to slump, and sparking health concerns, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/891ad973-56e3-464d-9b72-574534f34c53\" style=\"\">Financial Times<\/a><\/span><span> writes. Some 317 workers from UPS, United States Postal Service and Fedex were hospitalized between 2015-2022 due to heat exposure, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.osha.gov\/severeinjury\" style=\"\">data<\/a><\/span><span style=\"font-weight:400;\"> from Occupational Safety and Health Administration picked up by the newspaper. <\/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\">Solutions need to be comprehensive: <\/span><span>Some governments \u2014 including <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ilo.org\/beirut\/countries\/qatar\/WCMS_794475\/lang--en\/index.htm\" style=\"\">Qatar<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/spain-ban-on-outdoor-work-extreme-heat-d598486cef63906b73662401db2bdde8\" style=\"\">Spain<\/a><\/span><span>, and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.osha.gov\/heat-exposure\/standards#:~:text=Heat%20Standards%20in%20Specific%20States&text=The%20following%20states%20have%20standards,%C2%B0F%20triggers%20the%20requirements.\" style=\"\">California<\/a><\/span><span style=\"font-weight:400;\"> \u2014 have implemented regulations governing working during such extreme heat. Companies are also taking measures such as replacing vehicles with air conditioned models, and providing heat related gear, but economics and experts say the problem also requires a bigger, more fundamental change in the industry that would give workers the power \u2014 and capacity \u2014 to prioritize their wellbeing. Educating employers to identify signs of heat stress and enforcing safety measures on behalf of workers is also crucial, they added.<\/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\/climate\/\">climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics-in-the-news\/\">LOGISTICS IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"72457\" 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=\"72457\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/ad-ports-saab-team-up-on-maritime-surveillance-solutions-asyad-vlcc-finds-buyer-for-vlcc-trio-plus-more-from-oman\/\">\r\n                            AD Ports, Saab team up on maritime surveillance solutions + Asyad VLCC finds buyer for VLCC trio. PLUS: More from Oman                        <\/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\/08\/01\/ad-ports-saab-team-up-on-maritime-surveillance-solutions-asyad-vlcc-finds-buyer-for-vlcc-trio-plus-more-from-oman\/\" 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\/08\/01\/ad-ports-saab-team-up-on-maritime-surveillance-solutions-asyad-vlcc-finds-buyer-for-vlcc-trio-plus-more-from-oman\/')\">\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\/08\/01\/ad-ports-saab-team-up-on-maritime-surveillance-solutions-asyad-vlcc-finds-buyer-for-vlcc-trio-plus-more-from-oman\/\">\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=AD Ports, Saab team up on maritime surveillance solutions + Asyad VLCC finds buyer for VLCC trio. 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The new agreement builds upon existing partnerships between the two outfits and will see them collaborate on the development of maritime surveillance solutions and sensors. AD Ports Group will provide access to test sites, infrastructure, and operational feedback for Saab UAE to roll out next generation maritime surveillance technologies. The statement did not disclose details around the investments and timelines 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;\">ZONES-<\/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\">Iraq has inked an agreement with Singapore\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/allied.com.sg\/\" style=\"\">Allied Container Group<\/a><\/span><span style=\"font-weight:700\"> to train Iraqi <\/span><span style=\"font-weight:700\">port employees and upgrade logistics operations at Iraqi ports<\/span><span>, according to a Transport Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/motrans.gov.iq\/?article=892\" style=\"\">statement<\/a><\/span><span>. Allied Container will train employees in handling goods, allowing them to benefit from the container company\u2019s expertise in handling containers, managing truck movements, and <\/span><span> electronic monitoring and management<\/span><span>. The agreement comes following a visit by an Iraqi delegation to Singapore\u2019s ports, according to a <\/span><span>seperate<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/portsofiraq\/posts\/pfbid06dx8SfSu4EXREALaqgSTsQUkSbUCrQSRDtbRg2abbkX7Lus1L4d9wJGQMQ56R2mtl\" 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\">More cooperation coming? <\/span><span style=\"font-weight:400;\">The cooperation between the two may also involve Allied Container Group contributing to the development of the Iraqi ports of Umm Qasr and operating Faw Port, the statement 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;\">DIGITIZATION-  <\/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 moves to unify transport platforms:<\/span><span style=\"\"> Saudi Arabia\u2019s Deputy Transport <\/span><span>Minister Rumaih Al Rumaih has signed a cooperation agreement with the country\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dga.gov.sa\/en\" style=\"\">Digital Government Authority<\/a><\/span><span> to unify and integrate its transport and logistics platforms, according to a Transport Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/SaudiTransport\/status\/1685977943346921483\/photo\/1\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The unified logistics platform will encompass various sectors related to logistics and transportation, including air, land, maritime and rail transport. The move aims to enhance overall user experience and the kingdom\u2019s digital 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=\"\">South Korean <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"http:\/\/www.sinokor.co.kr\/en\/index.html\" style=\"\">Sinokor Merchant Marine<\/a><\/span><span style=\"\"> will <\/span><span style=\"font-weight:700\">reportedly<\/span><span style=\"font-weight:700\">purchase<\/span><span style=\"\"> three of <\/span><span>Oman\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.asyad.om\/\" style=\"\">Asyad<\/a><\/span><span style=\"font-weight:700\"> Shippin\u2019s VLCCs <\/span><span>that were put for sale earlier this year\u2014 Saham, Sifa, and Fida \u2014 for some <\/span><span style=\"font-weight:700\">USD 191 mn<\/span><span>, according to brokers. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/splash247.com\/sinokor-picks-up-asyad-vlcc-trio\/\" style=\"\">Splash<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Oman <\/span><span style=\"\">is launching<\/span><span style=\"\">a<\/span><span style=\"font-weight:700\"> tender for consultancy services for its 400km <\/span><span style=\"font-weight:700\">Adam-Thumrait dual carriageway<\/span><span>, which <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.muscatdaily.com\/2023\/06\/25\/adam-thumrait-road-project-to-be-oman-saudi-collaboration\/\" style=\"\">links<\/a><\/span><span> Muscat and Duqm to Dhofar. The last day companies can submit their applications is 28 August. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/mtcitoman\/status\/1685912485688127489\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Head of Jordan Chamber of Industry (JCI)<\/span><span style=\"\"> Fathi Jaghbir and <\/span><span>Iraqi Federation of Industries (IFI) President Adil Okab discussed<\/span><span style=\"font-weight:700\"> establishing <\/span><span>a <\/span><span style=\"font-weight:700\">joint industry chamber<\/span><span> to <\/span><span style=\"font-weight:700\">enhance <\/span><span style=\"font-weight:700\">industrial cooperation<\/span><span> and <\/span><span style=\"font-weight:700\">streamline trade procedures<\/span><span>, as well as finding a way to implement direct authentication of certificates of origin without involving third parties. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=51586&lang=en&name=en_news\" style=\"\">Jordan News Agency<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">Saudi Arabia\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.my.gov.sa\/wps\/portal\/snp\/agencies\/agencyDetails\/AC380\/!ut\/p\/z0\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LQwNzQwCnS0tXPwMvYwNDAz0g1Pz9L30o_ArAppiVOTr7JuuH1WQWJKhm5mXlq8f4ehsbGGgX5DtHg4ASLjhlg!!\/\" style=\"\">Transport General Authority<\/a><\/span><span style=\"\">has <\/span><span style=\"font-weight:700\">launched <\/span><span style=\"\">the<\/span><span style=\"font-weight:700\"> second phase <\/span><span style=\"font-weight:700\">of its project<\/span><span> to localize offices for land freight brokers. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Saudi_TGA\/status\/1685581482130128897\" 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\/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\/infrastructure\/\">INFRASTRUCTURE<\/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=\"72459\" 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=\"72459\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/\">\r\n                            New tentative agreement reached in Canada\u2019s port labor dispute                        <\/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\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/\" 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\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/')\">\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\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/\">\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=Breakthrough in Canada's port labor dispute?&url=https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/\">\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\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/&title=Breakthrough in Canada's port labor dispute?\">\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=Breakthrough+in+Canada%27s+port+labor+dispute%3F+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F01%2Fbreakthrough-in-canadas-port-labor-dispute%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\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1308.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72460\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/breakthrough-in-canadas-port-labor-dispute\/1308-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1308.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1308.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1308.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1308.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72459\" class=\"content-area-description single-story post-72459 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-canada tag-enterprise-logistics tag-port 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\/8\/.35b11cb5-3b31-4101-9703-74e025839619.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\">Dock workers and employers reach a new tentative agreement in Canada\u2019s port labor <\/span><span style=\"font-weight:700\">dispute: <\/span><span>A new tentative agreement has been reached between the International Longshore and Warehouse Union Canada (ILWU) and BC Maritime Employers Association (BCMEA), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cbc.ca\/news\/canada\/british-columbia\/joint-statement-port-workers-maritime-employers-collective-agreement-1.6922766\" style=\"\">CBC<\/a><\/span><span>reports. The Canada Industrial Relations Board helped in reaching the agreement. The union had voted to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/91b63375-6237-464a-96be-7202432a465e\" style=\"\">turn down a mediated agreement<\/a><\/span><span> last Friday, prompting Labor Minister Seamus O\u2019Regan to intervene. Details of the new agreement \u2014 which is pending ratification by union members and employers \u2014 have not been disclosed. The dispute had led to a <\/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=\"\">strike<\/a><\/span><span>from 1-13 July, impacting an estimated USD 7.6 bn worth of cargo movement. <\/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\/around-the-world\/\">AROUND THE WORLD<\/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\/port\/\">port<\/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=\"72461\" 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=\"72461\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">On Your Way Out<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/\">\r\n                            Shipping containers repurposed as homes are on the rise                        <\/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\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/\" 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\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/')\">\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\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/\">\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=Shipping containers repurposed as homes are on the rise&url=https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/\">\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\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/&title=Shipping containers repurposed as homes are on the rise\">\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=Shipping+containers+repurposed+as+homes+are+on+the+rise+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F01%2Fshipping-containers-repurposed-as-homes-are-on-the-rise%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\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1290.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72462\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/01\/shipping-containers-repurposed-as-homes-are-on-the-rise\/1290-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1290.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1290.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1290.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1290.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72461\" class=\"content-area-description single-story post-72461 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterprise-logistics tag-on-your-way-out 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\/8\/.939f9710-515c-4b59-806f-eb7f2a714058.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\">Out-of-service shipping containers are finding new lives \u2014 as people\u2019s homes:<\/span><span>Affordability, short delivery times, and positive attitudes towards the use of recycled materials is driving demand for housing constructed out of repurposed shipping containers, Spanish daily <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/english.elpais.com\/society\/2023-07-30\/the-trend-of-living-in-houses-made-with-shipping-containers.html\" style=\"\">El Pais<\/a><\/span><span style=\"font-weight:400;\"> reported. Despite gaining traction in the Netherlands, the US, Australia, the UK, and now Spain, many are wary of the method and have trouble associating it with comfortable living.<\/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\">Prices vary depending on materials used, but they tend to average USD 1.5k per sqm<\/span><span>,<\/span><span style=\"font-weight:400;\"> making these homes very affordable, El Pais writes. Moreover, delivery times for ready-to-furnish units range between three to five months, substantially faster than traditional methods. With this in mind, investors are beginning to see the method\u2019s value as an investment, with plans by some to develop units and rent them out to tourists.<\/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\">Comfort is not an issue, if done right:<\/span><span style=\"font-weight:400;\"> \u201cThe secret to turning these units into comfortable homes lies in their insulation,\u201d El Pais writes. However, it is important that the container used is in good condition and that whoever is contracted to convert it for living purposes has the necessary knowledge and experience.  . <\/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\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-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=\"72463\" 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\/08\/01\/72463\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72463\" class=\"content-area-description single-story post-72463 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;\">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;\">31 July-9 August (Monday-Wednesday): KSA trade delegation headed by Investment Minister Khalid Al Falih tours Brazil, Chile, Costa Rica, Argentina, Panama, Paraguay, and Uruguay.<\/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>11-15 September (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/londoninternationalshippingweek.com\/\" style=\"\">London International Shipping Week 2023<\/a><\/span><span style=\"font-weight:400;\">, International Maritime Organization, London, United Kingdom<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itln.in\/events\/globalpharma2023\/\" style=\"\">Global Pharma Logistics Summit 2023<\/a><\/span><span>,<\/span><span> ITC Maratha, Mumbai, India.<\/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 style=\"font-weight:400;\">, 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;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 June (Wednesday-Friday): World Freezones Organization\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">Annual International Conference and Exhibition<\/a><\/span><span>, Bari, Italy.<\/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":72444,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-72443","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e2f4bd29-f5f5-4929-8b24-66667434b889","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/1068.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agility to draw down EUR 1.3 bn in hedging agreement - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/agility-to-draw-down-eur-1-3-bn-in-hedging-agreement\/\" \/>\n<meta property=\"og:locale\" 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