{"id":72927,"date":"2023-08-22T01:15:00","date_gmt":"2023-08-22T01:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=72927"},"modified":"2025-12-15T13:09:29","modified_gmt":"2025-12-15T13:09:29","slug":"its-brics-week","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/its-brics-week\/","title":{"rendered":"It\u2019s Brics week"},"content":{"rendered":"<section id=\"72929\" 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=\"72929\">\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\/22\/today-brics-summit-kicks-off-egypt-eyes-two-shipping-lines-to-esa-countries\/\">\r\n                            TODAY: Brics summit kicks off + Egypt eyes two shipping lines to ESA countries                        <\/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\/22\/today-brics-summit-kicks-off-egypt-eyes-two-shipping-lines-to-esa-countries\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The plans \u2014 which were discussed during General Railway Company Director General Younis Al Kaabi\u2019s visit to Turkey \u2014 are a stepping stone to bilateral agreements set to be inked between the countries soon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have more details on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> HAPPENING TODAY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> Tropical storm Hilary has caused over 4.5k flight disruptions in the US<\/strong>, mainly for flights headed to or originating from California and nearby states, <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/08\/20\/business\/flights-hilary-cancellations\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> reports. Airports in Las Vegas and San Diego are among the most affected, with Harry Reid International in Las Vegas seeing over 300 flights canceled and San Diego International experiencing cancellations for around 40% of its arriving and departing flights. There have also been some delays at Denver and Phoenix international airports, as the impact of the storm expands. Worsening conditions have prompted California and Nevada\u2019s governors to declare states of emergency due to anticipated intense rainfall and flooding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"> <a id=\"wwtt2\"><\/a> <strong> The <\/strong><strong> Brics summit kicks off today: <\/strong>Brics leaders are gathering for their 15th heads of state summit today, tomorrow and Thursday in Johannesburg, South Africa. South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazil's President Luiz Inacio Lula da Silva, and Indian Prime Minister Narendra Modi are expected to attend, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/brics-summit-2023-whats-likely-be-discussed-2023-08-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, while Putin is expected to take part virtually due to an International Criminal Court arrest warrant issued against him for alleged war crimes in Ukraine. The leaders are expected to discuss the expansion of Brics, the Brics bank, economic cooperation, and relations with non-member states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> REMEMBER- Many regional states want in on Brics, and this could be their shot: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/96784486-7af0-471f-95f4-238a38d5fd04\" style=\"\" rel=\"noopener\">Egypt<\/a>, the UAE, <a target=\"_blank\" href=\"https:\/\/country.eiu.com\/article.aspx?articleid=393341622&Country=China&topic=Politics&subtopic=Forecast&subsubtopic=International+relations&oid=863331669&flid=93319592#:~:text=Saudi%20Arabia%20is%20likely%20to,relations%20with%20China%20and%20Russia.\" style=\"\" rel=\"noopener\">KSA<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cd9bee4d-f033-433a-81d5-8a484cfbbe75\" style=\"\" rel=\"noopener\">Iran<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a38b24a-4569-4964-97bc-82000281b5d2\" style=\"\" rel=\"noopener\">Algeria<\/a> are all looking to join the alliance. Several countries could be invited into the organization during the summit, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/40f7cd4d-66f2-4e4d-876d-a0c7aa7097e1\" style=\"\" rel=\"noopener\">Financial Times<\/a> quotes officials in the know as saying. Each of the five members have come out in support of enlarging the bloc, the most recent of which was South African President Cyril Ramaphosa, who <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-20\/brics-expansions-secures-backing-from-south-africa-s-ramaphosa?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">said yesterday<\/a> that a bigger Brics will create \u201ca more balanced world order.\u201d More than 20 countries have formally applied to join the organization, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Is there a point to expanding membership without Saudi Arabia? <\/strong> The economic significance of adding new member countries to the Brics bloc would largely depend on Saudi Arabia's participation, economist Jim O\u2019Neill, known for coining the BRIC acronym, told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-21\/brics-expansion-gets-interesting-if-saudis-join-o-neill-says?srnd=economics-trade#xj4y7vzkg\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Saudi Arabia's potential inclusion would hold substantial importance due to its strong ties with the US and its role as a major global oil producer, O\u2019Neill said, adding that this could also potentially lead to de-dollarization if oil begins to be sold in Brics\u2019 countries\u2019 local currencies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong> WATCH THIS SPACE #1- <\/strong><strong> Japan is <\/strong><strong> prepping <\/strong><strong> for a meeting of foreign ministers with <\/strong><strong> GCC member states in early September in Saudi Arabia<\/strong>, Japan\u2019s <a target=\"_blank\" href=\"https:\/\/english.kyodonews.net\/news\/2023\/08\/a3492616dc5d-japan-eyes-foreign-ministers-meeting-with-6-gulf-nations-in-sept.html?phrase=truancy&words=\" style=\"\" rel=\"noopener\">Kyodo news agency<\/a> quotes diplomatic sources as saying. Japan\u2019s Foreign Minister Yoshimasa Hayashi is expected to attend the meeting and possibly visit Jordan and Egypt, sources told Kyodo. This comes amid Japan's efforts to strengthen its relations with the GCC countries to ensure energy supply, as it relies on the six GCC countries for more than 90% of its crude oil, Kyodo writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> WATCH THIS SPACE #2- Europe is eyeing Iranian gas imports through Turkey: <\/strong>Several European states have engaged in discussions with Iran to import gas via Turkey, semi-official news agency <a target=\"_blank\" href=\"https:\/\/en.mehrnews.com\/news\/204897\/Europe-seeking-gas-imports-from-Iran-NIGC-head\" style=\"\" rel=\"noopener\">Mehr<\/a> reports, citing Iranian Oil Minister Majid Chegeni. Iran is also in talks to export to Turkey, Oman and Russia, and is working to revive a contract with Pakistan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> WATCH THIS SPACE #3 <\/strong><strong> - Iran and Brazil plan to launch a direct <\/strong><strong> shipping line <\/strong>between the two countries in the near future, <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/08\/20\/2944013\/iran-brazil-to-launch-direct-shipping-line-to-bolster-ties-tpoi-chief\" style=\"\" rel=\"noopener\">Tasnim news agency<\/a> quotes head of the Trade Promotion Organization of Iran Mehdi Zeyghami as saying. Iran\u2019s first commercial envoy will also be deployed to Brazil soon, Zeyghami said, as the two countries look to bolster trade ties. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong> WATCH THIS SPACE #4- Egypt eyes two shipping lines to eastern + southern Africa: <\/strong>Egyptian Prime Minister Mostafa Madbouly called on export agencies and chambers of commerce to work on operating two regular shipping lines connecting Egypt with countries in east and south Africa,according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02BYM1R1RnSkkSdT1NnucMfPxmFHWPuZwvFzYLKJh9NX652SQchda2yGZcjyZ3MWz5l\" style=\"\" rel=\"noopener\">statement<\/a>. The agencies and chambers should set up a meeting to coordinate with the transport and trade ministries to decide on the commodities the country can export to African countries, the statement said. <\/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 target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">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\"><strong> MARKET WATCH- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> OOCL sees hope in the container shipping market this year, albeit not without uncertainties: <\/strong> The container shipping market is \u201cvery far from being in disaster territory,\u201d shipping giant Orient Overseas Container Line\u2019s (OOCL) said in its latest <a target=\"_blank\" href=\"https:\/\/www.oocl.com\/eng\/pressandmedia\/pressreleases\/2023\/Pages\/18Aug2023.aspx\" style=\"\" rel=\"noopener\">earnings release<\/a>. Contradictory market signals, however, make future projections harder, the company admits. \u201cThere are some indications that demand is improving and that shipping companies are behaving rationally in the face of fluctuating demand \u2014- all of this is reassuring,\u201d the company said, while adding that inflation, higher interest rates and economic uncertainties all still pose risks to its outlook. OOCL is not the first shipping giant to warn of murky times ahead, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/12963333-bec5-4fd7-8f64-f26100a69bde\" style=\"\" rel=\"noopener\">Maersk<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/21a10881-278c-4549-b26a-07623b18a485\" style=\"\" rel=\"noopener\">Hapag-Lloyd<\/a> making similar warnings in recent weeks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The company reported an 80% fall in net income to USD 1.13 bn in 1H 2023<\/strong>, with revenues more than halving on a y-o-y basis during the period to reach USD 4.5 mn amid weakened consumer demand and a fall in freight rates, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><a href=\"https:\/\/finance.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/climate.enterprise.press\/wp-content\/uploads\/2023\/08\/Finance-Forum-1920px.jpg\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> CHECK OUT OUR AGENDA- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The Enterprise Finance Forum is taking place on 18-19 September at <\/strong><strong> the St. Regis Hotel in Cairo. <\/strong> 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> This is our first two-day event<\/strong>,which should give us plenty of time to dive into the nitty gritty of this industry we love. Our panels will see CEOs, bankers, investors and founders gather to discuss the future and trends shaping banking, finance, fintech and NBFS. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Our full agenda will be out at month\u2019s end. Among the topics we\u2019ll be discussing: <\/strong><\/p>\n<ul>\n<li><strong> Looking into the crystal ball: <\/strong> Top industry CEOs will join us on stage to answer tough questions on where we are as an industry, the forces that will shape all of our businesses going forward, and their views on dealflow in the year ahead.<\/li>\n<\/ul>\n<ul>\n<li><strong> Surviving nuclear winter: <\/strong> We discuss how private equity and venture capital players are tackling challenges including fundraising and deployment in an environment in which it\u2019s awfully difficult to price your local asset in USD terms.<\/li>\n<li><strong> The robots are coming: <\/strong> We explore what the coming AI and big data means for the industry in our part of the world and what can bankers, NBFI, and fintech players do to capitalize on them.<\/li>\n<li><strong> What do you do when nobody wants to be a banker <\/strong> \u2014 and when those who are already (investment or commercial) bankers are either (a) dreaming of doing their own startup or (b) moving to Dubai (or, increasingly, Riyadh)? We go deep into the weeds with industry leaders on how they\u2019re building talent for tomorrow.<\/li>\n<li><strong> NBFIs are a bubble. Prove me wrong: <\/strong> We chart the explosive rise of NBFIs and ask whether the industry is ready for a wave of consolidation. We\u2019ll dive into whether consumer finance is starting to mature as a segment \u2014 and ask which sector is next.<\/li>\n<li><strong> Handicapping the winners and losers in fintech in 2024: <\/strong> We dive deep into which categories are getting traction, where the untapped opportunities are, what business they would start today if they could, and what we can expect of the sector in the year ahead.<\/li>\n<li><strong> What\u2019s a bank, anyway? <\/strong>Wherein we talk challenger and neobanks with the players looking to shake up the brick-and-mortar industry. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** NEW: MORE NETWORKING TIME- <\/strong> Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> STAY TUNED for more detail <\/strong>about our exciting agenda in the weeks to come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Do you want to become a commercial partner? <\/strong> Ping a note to <a target=\"_blank\" href=\"mailto:mtaalab@inktankir.com\" style=\"\" rel=\"noopener\">Moustafa Taalab, our head of commercial<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> LISTEN TO OUR PODCAST- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> MISSED OUR PREVIOUS FORUMS? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">The Enterprise<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">Podcast has you covered<\/a><\/strong><strong> : <\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum and the Enterprise Climate Forum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> WANT TO LISTEN? Head to: <\/strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/climate-is-the-biggest-business-and\/id1617987136?i=1000624977478\" style=\"\" rel=\"noopener\">Apple Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/episode\/42Ds85Mp5AqBh7ZR5BDbvw?si=kS_kQimDQSGBtVqSyr1P7Q&nd=1\" style=\"\" rel=\"noopener\">Spotify<\/a> | <a target=\"_blank\" href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/YzU0MzcwMjQtNDVhMi00MDNmLWI5ZDYtYjA2MzAxMGM2ZTQ4?sa=X&ved=0CAUQkfYCahcKEwiwoNjonumAAxUAAAAAHQAAAAAQCg\" style=\"\" rel=\"noopener\">Google Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/play.anghami.com\/episode\/1122203900\" style=\"\" rel=\"noopener\">Anghami<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> IN THIS WEEK\u2019S EPISODE- <\/strong> In our second panel from the Enterprise Climate Forum, We dive deep into what the business leaders in the climate industry in Egypt and the region have to say about how the private sector is adopting greentech, where they see the opportunities and what they\u2019d like policymakers to do to encourage further participation. We were joined by <strong> Amr Allam, <\/strong>co-CEO of Hassan Allam Holding, <strong> Mohamed Ismail Mansour, <\/strong>CEO and co-founder of Infinity, and <strong> Sherif El Kholy, <\/strong> longtime partner and head of MENA private equity at Actis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Algeria\u2019s speaker of the People\u2019s National Assembly Ibrahim Boughali is in <\/strong><strong> Tehran this week for a five-day visit <\/strong> that will see him discuss enhancing bilateral trade and economic cooperation with his Iranian counterpart, Mohammed Qalibaf, Iran\u2019s state-run <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85204610\/Algeria-speaker-in-Tehran-for-high-level-talks\" style=\"\" rel=\"noopener\">Islamic Republic News Agency<\/a> reports. The two officials already discussed potentially expanding shipping routes, Iran\u2019s state-aligned <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/08\/21\/2944479\/iran-algeria-discuss-expansion-of-int-l-cooperation\" style=\"\" rel=\"noopener\">Tasnim News Agency<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudi-smic.com\/\" style=\"\" rel=\"noopener\">Sustainable Maritime Industry Conference<\/a><\/strong><strong> from Monday, 4 <\/strong><strong> September to Wednesday, 6 September <\/strong> in Jeddah. Organized by KSA\u2019s Transport and Logistic Services Ministry, the event will feature over 50 speakers to spotlight sustainability, new technologies, and digitization efforts in the maritime industry. Speakers will include International Maritime Organization Secretary General Kitack Lim and World Ocean Council CEO Paul Holthus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> DP World and Greater Caspian Association and Integral Group of Companies are <\/strong><strong> teaming up to host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303188226\" style=\"\" rel=\"noopener\">Caspian Week Forum 2023<\/a><\/strong> during the <a target=\"_blank\" href=\"https:\/\/www.df-alliance.com\/events\/global-freight-summit\" style=\"\" rel=\"noopener\">Global Freight Summit<\/a> taking place from 15-17 November at the Coca Cola arena in Dubai, UAE. The Caspian Week Forum will be dedicated to strengthening ties between the Greater Caspian Region (GCR) and the world in business and economics, and will focus mainly on the development of trade and logistics in the GCR, establishing new logistic corridors, and discussing key regional challenges, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303188226\" style=\"\" rel=\"noopener\">Emirates News Agency<\/a>(WAM) reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.itp.events\/LeadersinLogisticsKSASummit?lang=en#\/?lang=en\" style=\"\" rel=\"noopener\">The Leaders in Logistics KSA Summit<\/a><\/strong><strong> takes place on 5 September at the Crowne <\/strong><strong> Plaza in Al Waha, Riyadh<\/strong>. The summit will delve into the national initiatives that aim to enhance Saudi Arabia\u2019s logistics sector, highlighting the latest market trends and the importance of tech and sustainability to the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.press\/am-edition\/#calendar\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"72931\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div 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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=\"72932\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/turkey-to-build-133-km-of-rail-for-iraqs-development-road-project\/\">\r\n                            Turkey to build 133 km of rail for Iraq\u2019s Development Road project                        <\/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\" 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<\/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\/22\/turkey-to-build-133-km-of-rail-for-iraqs-development-road-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/985.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72933\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/turkey-to-build-133-km-of-rail-for-iraqs-development-road-project\/985-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/985.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"985.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/985.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/985.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72932\" class=\"content-area-description single-story post-72932 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-enterprise-logistics tag-infrastructure tag-iraq tag-rail tag-transport tag-turkey 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\/.de0b9348-6a44-42ce-9e11-85d67db5be36.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Turkey could extend its railway by building 133 km of rail to link it to Iraq through <\/strong><strong> its USD 17 bn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d3321249-4ced-4ad8-83de-b39732be3c6b\" style=\"\" rel=\"noopener\">Development Road Project<\/a><\/strong>, officials from the Turkish transport ministry said, according to an Iraqi Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mot.iraq\/posts\/pfbid0143dE8pB22TG3qK7BFiQ8jCmQ5N88KAg9G26K9TZzrNd2WxxpHr3Z3DwbdaF8dT6l\" style=\"\" rel=\"noopener\">statement<\/a>. The plans \u2014 which were discussed during General Railway Company Director General Younis Al Kaabi\u2019s visit to Turkey \u2014 are a stepping stone to bilateral agreements set to be inked between the countries soon, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Turkey is also prepared to provide support in construction and training<\/strong>, Director o <a target=\"_blank\" href=\"https:\/\/www.tcdd.gov.tr\/en\/\" style=\"\" rel=\"noopener\">f Turkish State Railways<\/a> Hassan Pezuk is quoted as saying inthe statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> What else went on during the visit? <\/strong> The two sides reviewed the phases of the project, capacity and operation volumes, standards and specifications, and the number and types of stations, heights, topography and soil studies, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> What\u2019s next? <\/strong>The two sides proposed carrying out further studies and investigation in the Iraqi town of Fishkhabour, which is the border point between the countries, the statement adds. The countries have also proposed setting up a mechanism of action for joint work as well as exchanging experience, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Turkish companies are already involved in the project: <\/strong> Two unnamed Turkish companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c55f07ad-6b6a-447d-abf8-96047c7e52f5\" style=\"\" rel=\"noopener\">had been selected<\/a> earlier to test and sample soil and survey the route of the planned railway. The first company operates the area from Al Faw to Iraq\u2019s Karbala city, while the second operates from Karbala towards the Iraqi-Turkish border<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Turkey isn't the only one who is interested: <\/strong>The Director General of the Technical Department at Iraq\u2019s Transport Ministry also discussed with the Philippines\u2019 charg\u00e9 d\u2019affaires in Baghdad prospects of mutual cooperation in the transport sector, particularly in the Development Road and the Grand Faw Port project, according to a separate Iraqi Transport Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mot.iraq\/posts\/pfbid02VGzgchdtvEKuhU8XE764gi1jzFEGbDWA3Bpe69Lqe33c4H2BpLzdrX8GjVFQuNJul\" style=\"\" rel=\"noopener\">statement<\/a>. Iraq invited Filipino companies with expertise to invest in the project, the statement adds, while the Filipino representative expressed his country\u2019s readiness to participate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Background: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d3321249-4ced-4ad8-83de-b39732be3c6b\" style=\"\" rel=\"noopener\">project<\/a>, set to link Grand Faw Port in Iraq\u2019s southern Basra province to Turkey through rail and road infrastructure was launched back in May, with prospects to involve high-speed trains that can transport goods and passengers at speeds up to 300 km per hour. Its first phase is set for completion in 2028. The initiative represents a major upgrade to Iraq\u2019s logistics infrastructure and is expected to see participation from GCC countries, with talks taking place with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/540a8c5e-6728-4354-88ab-63342cc6465f\" style=\"\" rel=\"noopener\">Qatari<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c55f07ad-6b6a-447d-abf8-96047c7e52f5\" style=\"\" rel=\"noopener\">Emirati<\/a> officials. Syria, China, Hungary, and Lebanon have also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c1fbcea0-b43a-4d85-86f7-41444e4e6b45\" style=\"\" rel=\"noopener\">expressed their interest<\/a> in participating in the project. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/infrastructure\/\">INFRASTRUCTURE<\/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\/rail\/\">RAIL<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/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=\"72934\" 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=\"72934\">\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\">The Macro Picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/the-global-logistics-market-is-experiencing-a-reset-as-carriers-lose-the-high-ground\/\">\r\n                            The global logistics market is experiencing a \u201creset\u201d as carriers lose the high ground                        <\/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\/8\/162.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"162.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/162.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/162.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72934\" class=\"content-area-description single-story post-72934 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-enterprise-logistics tag-logistics tag-shipping-maritime tag-supply-chain tag-the-macro-picture 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\/.36e66d34-91f8-4986-971a-13222262d340.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Shippers are gaining more high ground amid weak market conditions for carriers <\/strong><strong> : <\/strong> Following two years that saw shippers \u2014 companies supplying goods for shipping \u2014 contend with delays and surcharges while carriers raked in massive gains on the back of shortages, bottlenecks, and demand spikes during the pandemic, \u201cthe proverbial shoe is now very much on the other foot,\u201d according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/183.pdf\" style=\"\" rel=\"noopener\">Kearney\u2019s State of Logistics Report for 2022 (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The past year has been about the logistics market \u201cgetting back in sync\u201d <\/strong>after a volatile couple of years spurred by the onset of the pandemic, the report says, adding that this rebalance of demand, capacity, rates, volumes, and strategic relationships has taken different forms for different sectors. The one unifying trend? Resilience and agility need to be top of mind for all logistics players, according to Kearney. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Shippers are pivoting to better terms with carriers: <\/strong> The pandemic saw many carriers take liberties in terms of their agreements, with shippers bearing the brunt of delays and overcost. Shippers are now finding new ways to negotiate better contract terms with carriers, including launching bidding processes, leveraging market events, and agreeing shorter-term contracts with carriers, Kearney explains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> They\u2019re also shifting towards reshoring: <\/strong> American and Western outfits are pushing to reposition their supply chains onto closer and friendlier shores in order to build-in supply chain resilience that can weather geopolitical crises, with the trend having nuanced repercussions on the logistics market, Kearney explains. The trend is also gaining traction in the MENA region, as we\u2019ve reported earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> But it\u2019s not all positive on shippers\u2019 side: <\/strong>Sluggish growth in the global economy implies muted supply chain demand for the remainder of 2023, the report explains. Lingering inflation in particular is expected to weigh on consumer demand with a knock-on effect on the demand for logistics services. Geopolitical tensions also mean that the world is seeing a comeback of forces threatening global trade, \u201cforces such as nationalism, protectionism, and even major-power conflict,\u201d Kearney\u2019s report writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Air freight in particular is having a rough year: <\/strong>Global air freight is projected to haul in USD 150 bn in revenues in 2023, according to Kearney. While still 50% higher than pre-Covid revenues, the forecast is 25% lower than in 2022, when air cargo was still benefiting from record rates earlier in the year. After peaking in 2021, air freight took a sharp downturn in Q2 2022 and has been in decline ever since on the back of a mismatch between capacity and demand, the report says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> This is exacerbated by the trend towards regionalization: <\/strong>As nearshoring arrangements come online, the report sees overall declines in air freight demand. However, \u201cnot all reshoring strategies are created equal,\u201d the report adds, implying that effects on air freight could be more nuanced. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Much like air freight, demand for maritime freight is tapering off: <\/strong>Kearney sees maritime shipping companies raking in just USD 43 bn in income by year\u2019s end, marking an 80% y-o-y decline. This comes on the back of weak consumer demand, shorter transit times and a glut in capacity, which has reduced carriers\u2019 bargaining positions. These changing dynamics have allowed shippers to renegotiate rates in their favor, making for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0bf0e330-f1de-403c-b6df-8cb63ad503b3\" style=\"\" rel=\"noopener\">muted \u201cpeak\u201d summer season<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> After falling into the same oversupply trap as air freight, ocean carriers are trying to think <\/strong><strong> out-of-the-box <\/strong>by re-evaluating alliances and expanding into larger portions of the value chain as a means to realize competitive advantages. A focus on end-to-end solutions and premium freight services offer additional avenues for differentiation, Kearney\u2019s report suggests. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Parcel and last mile is also expected to be strongly affected by flattening e-commerce <\/strong><strong> growth later this year or early next year, <\/strong>due to inflation, economic slowdown, and a return to in-store shopping, the report said. Nonetheless, parcel volumes are not projected to decline in the coming years with premium services such as same-day delivery expected to almost double in market size to USD 14 bn between 2023 and 2028.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics\/\">logistics<\/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\/supply-chain\/\">supply chain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/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=\"72936 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=\"72936\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/72936\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72936\" class=\"content-area-description single-story post-72936 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\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=\"72937\" 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=\"72937\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/\">\r\n                            First wind-powered dry bulk ship sets sail + Dubai is among the top 10 most expensive cities for warehouse rentals.                        <\/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\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/\" 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\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/')\">\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\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/\">\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=First wind-powered dry bulk ship sets sail + Dubai is among the top 10 most expensive cities for warehouse rentals.&url=https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/\">\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\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/&title=First wind-powered dry bulk ship sets sail + Dubai is among the top 10 most expensive cities for warehouse rentals.\">\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=First+wind-powered+dry+bulk+ship+sets+sail+%2B+Dubai+is+among+the+top+10+most+expensive+cities+for+warehouse+rentals.+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F22%2Ffirst-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals%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\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72937\" class=\"content-area-description single-story post-72937 post type-post status-publish format-standard hentry category-logistics-in-the-news tag-dubai tag-enterprise-logistics tag-logistics-in-the-news tag-storage-warehousing-2 tag-wind-energy 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\/.324f7d3a-6f08-40a6-b1f0-6df1941af3df.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Cargill unveils first wind-powered dry bulk ship: <\/strong>US commodities group <a target=\"_blank\" href=\"https:\/\/www.cargill.com\/\" style=\"\" rel=\"noopener\">Cargill<\/a> has deployed a dry bulk ship equipped with special sails that harness wind power, according to a <a target=\"_blank\" href=\"https:\/\/www.cargill.com\/2023\/cargill-bar-technologies-wind-technology-sets-sail\" style=\"\" rel=\"noopener\">statement<\/a>. The ship has been fitted with 37.5-meter-high wind sails and has set sail from Singapore to Brazil, and will likely transport a shipment grain to Denmark, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/cargill-chartered-ship-sets-sail-test-wind-power-sea-2023-08-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> cites Cargill's president of ocean transportation Jan Dieleman as saying. The ships are expected to save up some 30% of fuel used for new build ships, the statement said. The ship will probably remain within the confines of the North Atlantic region to maximize wind usage, Dieleman added. \u201cIf we are not going to get any real surprises, we are definitely going to scale this. The question is a little bit how and when,\u201d Dielman said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> This isn\u2019t the only company looking at using wind power for vessels: <\/strong>We recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b3d5b307-65f4-4c0d-a826-e74c700ba862\" style=\"\" rel=\"noopener\">reported<\/a> on a French startup that is currently testing designs for inflatable kite sails that could be used to propel container ships. The system uses winches and artificial intelligence that adjusts the sails\u2019 positions based on wind conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"> <strong> London is the world\u2019s most expensive city for warehouse space, and Dubai is <\/strong><strong> seventh on the list<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-21\/warehouse-costs-rise-10-with-london-most-expensive-globally#xj4y7vzkg\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.Warehouse costs in London rose by nearly 12% in 1H 2023 due to rent hikes surpassing inflation, according to Savills data picked up by the business information service. London's top-tier warehouse space costs USD 41.68 per square foot, far exceeding the second most expensive city\u2019s USD 27.44 per square foot in Sydney, while Dubai\u2019s costs came in at USD 20.5 per square foot. The rise in warehouse rents comes as retail businesses focus more on e-commerce, and manufacturers reassess supply chains in response to the pandemic and geopolitical uncertainties. However, there are indications that the rate of warehouse cost inflation is slowing, with total expenses up 4.4% in 1H 2023 compared to a 5.4% increase in 2H 2022.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dubai\/\">Dubai<\/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\/storage-warehousing-2\/\">storage + warehousing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/wind-energy\/\">wind energy<\/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=\"72939\" 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=\"72939\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/kuwait-airways-to-lease-new-aircraft-amid-planned-expansions-kuwaits-heisco-inks-maintenance-service-agreement-plus-more-from-the-uae-jordan-and-adnoc-ls\/\">\r\n                            Kuwait Airways to lease new aircraft amid planned expansions + Kuwait\u2019s HEISCO inks maintenance service agreement. PLUS: More from the UAE, Jordan, and Adnoc L&amp;S                        <\/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\/22\/kuwait-airways-to-lease-new-aircraft-amid-planned-expansions-kuwaits-heisco-inks-maintenance-service-agreement-plus-more-from-the-uae-jordan-and-adnoc-ls\/\" 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\/22\/kuwait-airways-to-lease-new-aircraft-amid-planned-expansions-kuwaits-heisco-inks-maintenance-service-agreement-plus-more-from-the-uae-jordan-and-adnoc-ls\/')\">\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\/22\/kuwait-airways-to-lease-new-aircraft-amid-planned-expansions-kuwaits-heisco-inks-maintenance-service-agreement-plus-more-from-the-uae-jordan-and-adnoc-ls\/\">\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=Kuwait Airways to lease new aircraft amid planned expansions + Kuwait\u2019s HEISCO inks maintenance service agreement. 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The state-owned carrier is examining bids from leasing companies with expected contract durations of eight to 10 years, Aldukhan said. The carrier had also recently made an order for 31 planes from Airbus in 2022, of which it has received 18 so far, Reuters writes. News of the new lease order comes as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ef85fee0-2284-427d-b917-406817e869a2\" style=\"\" rel=\"noopener\">delivery delays<\/a> from Airbus threaten the airline\u2019s expansion, <a target=\"_blank\" href=\"https:\/\/simpleflying.com\/kuwait-airways-lease-8-airbus-a321-aircraft-10-years\/\" style=\"\" rel=\"noopener\">Simple Flying<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> More Kuwait Airways news: <\/strong> The airline has reduced its losses to 50% in 2022, down to KD 55 mn from KD 107 mn, <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3106643&Language=en#\" style=\"\" rel=\"noopener\">Kuwait News Agency<\/a> quotes Al-Dukhan as saying. The airline has also extended the contract for the lease of seven A320 aircraft up to 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ENERGY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> HEISCO signs KD 91.7 mn maintenance service contract with Kuwaiti refinery: <\/strong>The Kuwaiti Heavy Engineering Industries and Shipbuilding Company (HEISCO) has inked a KD 91.7 mn agreement to provide mechanical maintenance service at the Mina Abdullah Refinery, Kuwaiti news agency <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3106605&Language=en\" style=\"\" rel=\"noopener\">KUNA<\/a> reports. The contract covers the span of 63 months, Kuna reports, citing a company disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> TRADE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Abu Dhabi + Ethiopia to bolster trade ties: <\/strong>The Abu Dhabi Chamber of Commerce and Industry has inked an agreement with the Ethiopian Investment Commision to foster economic collaboration between the two countries and establish frameworks for cooperation in trade and investment, Emirati news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303188160\" style=\"\" rel=\"noopener\">WAM<\/a> reports. The agreement will see the Abu Dhabi Chamber facilitate and promote business interactions and investments between the two countries, while the EIC will provide incentives to Emirati investors and set up a platform for dialogue around investment challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO WORTH KNOWING- <\/strong><\/p>\n<ul>\n<li><strong> Jordan\u2019s <\/strong> Tourism Board has renewed a cooperation agreement with <strong> Ryanair <\/strong>that will <strong> add four new routes <\/strong> including to <strong> Pisa<\/strong>, <strong> Brussels<\/strong>, <strong> Marseille<\/strong>, and <strong> Madrid <\/strong> until <strong> 2028<\/strong>, bringing the total number of routes by the low-cost Jordanian carrier to <strong> 25<\/strong>. (<a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=52103&lang=en&name=en_news&cat=en_news\" style=\"\" rel=\"noopener\">Petra<\/a>)<\/li>\n<li><strong> Adnoc Logistics & Services <\/strong>has added a <strong> 86 m long, <\/strong>2018-built multipurpose support vessel to its<strong> offshore fleet <\/strong> from <strong> AD Ports subsidiary Safeen <\/strong> for an undisclosed amount. (<a target=\"_blank\" href=\"https:\/\/splash247.com\/adnoc-logistics-services-takes-safeen-mpsv\/\" style=\"\" rel=\"noopener\">Splash<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/jordan\/\">Jordan<\/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\/logistics\/\">logistics<\/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=\"72941\" 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=\"72941\">\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\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/\">\r\n                            Indian government aims to nearly quadruple port capacity by 2047 + Hapag-Lloyd is in the running for HMM stake. PLUS: More from Maersk, INE and China                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/\" 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\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/')\">\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\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/\">\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=Indian government aims to nearly quadruple port capacity by 2047 + Hapag-Lloyd is in the running for HMM stake. 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PLUS: More from Maersk, INE and China\">\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=Indian+government+aims+to+nearly+quadruple+port+capacity+by+2047+%2B+Hapag-Lloyd+is+in+the+running+for+HMM+stake.+PLUS%3A+More+from+Maersk%2C+INE+and+China+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F08%2F22%2Findian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china%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\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/972.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"72942\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/indian-government-aims-to-nearly-quadruple-port-capacity-by-2047-hapag-lloyd-is-in-the-running-for-hmm-stake-plus-more-from-maersk-ine-and-china\/972-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/972.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"972.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/972.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/972.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72941\" class=\"content-area-description single-story post-72941 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterprise-logistics tag-india tag-ma-watch 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\/.cbd52669-4073-4a4e-b7be-5b8814ace142.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> India aims to boost its port capacity to 10k metric tons a year by 2047<\/strong>, up from the current 2.6k, Indian daily <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/economy\/news\/govt-aims-to-raise-capacity-of-ports-four-fold-to-10k-mtpa-by-2047-sonowal-123081900582_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> quotes Ports Minister Sarbananda Sonowal as saying. \u201cIn alignment with this vision, the role of private players is being progressively augmented, with public-private partnership (PPP) terminals currently handling about 50% of the cargo at major ports and efforts underway to raise their share to approximately 85% in the coming decades,\u201d Sonowal reportedly said. The government also aims to improve cargo movement on India's waterways, which saw a 16% y-o-y increase last fiscal year, he added. India is also looking to develop \u201chydrogen hubs\u201d run by central and state ports, according to the minister. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Hapag-Lyod eyes stake in HMM takeover: <\/strong>Germany-based shipping giant <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/online-business\/quotation\/quick-quotes.html?gad=1&gclid=CjwKCAjwloynBhBbEiwAGY25dOH5tyM-rPWoZ6XVVSEpbRUSQ4S9dQqW228eB61sO5cYlMSDFDitbBoCyV8QAvD_BwE\" style=\"\" rel=\"noopener\">Hapag-Lloyd<\/a> is considering acquiring a majority stake in South Korean shipping company <a target=\"_blank\" href=\"https:\/\/www.hmm21.com\/\" style=\"\" rel=\"noopener\">HMM<\/a>, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/germany-based-hapag-lloyd-considering-acquisition-of-hmm\/\" style=\"\" rel=\"noopener\">Hellenic Shipping News<\/a> reports. Hapag Lloyd received an Information Memorandum (IM) from Samsung Securities \u2014 HMM\u2019s lead manager for the sale \u2014 to take part in the acquisition bid, the newswire reports, citing an industry source. The company has appointed Goldman Sachs as its advisor on the potential acquisition, and has not yet disclosed a potential acquisition price, though other bidders \u2014 including existing stakeholder SM Group \u2014 have suggested they could pay USD 3.5 bn for the 57.87% stake up for grabs by state-controlled Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC). Three other Korean companies have set their sights on HMM, including Harim Group, LX holdings and Dongwon group, <a target=\"_blank\" href=\"https:\/\/splash247.com\/hapag-lloyd-shows-interest-in-hmm-takeover\/\" style=\"\" rel=\"noopener\">Splash<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO WORTH KNOWING- <\/strong><\/p>\n<ul>\n<li>The Shanghai International Energy Exchange (<strong> INE <\/strong>) has launched a CNY-denominated <strong> containerized freight index futures<\/strong>, reflecting freight rates for containers shipped from <strong> Shanghai to European ports<\/strong>, offering global traders and businesses a <strong> risk management tool <\/strong> to hedge against container freight price fluctuations. (<a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/shanghai-launches-containerized-freight-index-futures-aiming-to-help-firms-hedge-against-fluctuation-risks\/\" style=\"\" rel=\"noopener\">Global Times<\/a>)<\/li>\n<li><strong> Maersk <\/strong> is planning to add 500 new electric vehicles across 26 cities in <strong> India<\/strong>, adding<strong> 500 novel electric vehicles <\/strong>across<strong> 26 cities <\/strong>for<strong> first-, middle- and last-mile deployment<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/08\/21\/maersk-strengthen-its-distribution-network-in-india-with-more-than-500-electric-vehicles\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li>China has started <strong> t <\/strong><strong> rial operations <\/strong> on its <strong> second largest canal, <\/strong><strong> the <\/strong><strong> Yangtze-Huaihe Grand<\/strong>, which is over 723 km long and connects the Yangtze and Huaihe rivers. (<a target=\"_blank\" href=\"http:\/\/global.chinadaily.com.cn\/a\/202308\/18\/WS64debfa9a31035260b81cd3e.html\" style=\"\" rel=\"noopener\">China Daily<\/a>)<\/li>\n<li>A <strong> Ukrainian drone <\/strong> has crashed into a <strong> railway station <\/strong> in <strong> Kursk, Russia<\/strong>, causing a fire on the station\u2019s rooftop and injuring five people. (<a target=\"_blank\" href=\"https:\/\/tass.com\/emergencies\/1662631\" style=\"\" rel=\"noopener\">TASS<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/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=\"72943\" 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\/22\/72943\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-72943\" class=\"content-area-description single-story post-72943 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>August: Hassan Allam Utilities + Agility to open <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/491ecae1-659e-4c72-a549-deeca6466174\" style=\"\">Yanmu East logistics park<\/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;\">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>27 August (Sunday): Last day for companies to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alqabas.com\/article\/5917437-%D8%A7%D8%B3%D8%AA%D8%A6%D9%86%D8%A7%D9%81-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A5%D9%86%D8%AC%D8%A7%D8%B2-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D9%85%D8%A8%D8%A7%D8%B1%D9%83-%D8%A7%D9%84%D9%83%D8%A8%D9%8A%D8%B1\" style=\"\">bid<\/a><\/span><span style=\"font-weight:400;\"> for the construction tender for Kuwait\u2019s Mubarak Al Kabeer Port.<\/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>4-6 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smic.com\/\" style=\"\">The Sustainable Maritime Industry Conference<\/a><\/span><span style=\"font-weight:400;\">, Ritz Carlton, Jeddah.<\/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>, 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 style=\"font-weight:400;\">, 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>20-21 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\">Saudi Maritime Congress<\/a><\/span><span style=\"font-weight:400;\">, Dhahran Expo, Damman, Saudi Arabia.<\/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>25-27 September (Monday-Wednesday): Agriculture Horticulture Development Board\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ahdb.org.uk\/news\/trade-mission-to-kuwait-set-to-boost-uk-meat-export-opportunities-in-middle-eastern-market\" style=\"\">trade mission<\/a><\/span><span style=\"font-weight:400;\"> to Kuwait.<\/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>10-12 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/coollogisticsresources.com\/15th-cool-logistics-global-2023\/\" style=\"\">Cool Logistics Global 2023<\/a><\/span><span style=\"font-weight:400;\">, Genoa Stock Exchange, Genoa, Italy.<\/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=\"\">ICASM 2023<\/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 Oct-2 Nov (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlprojects.net\/meeting\/xlp-agm-2023\/\" style=\"\">XLP AGM 2023<\/a><\/span><span style=\"font-weight:400;\">, Barcelona, Spain. <\/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>15-17 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.df-alliance.com\/events\/global-freight-summit\" style=\"\">Global Freight Summit 2023<\/a><\/span><span>, Coca Cola Arena, Dubai, UAE.<\/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 <\/span><span>Freezones<\/span><span> 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 style=\"font-weight:400;\">, 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;\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 November (Wednesday-Friday): <\/span><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;\">, Sakhir Airbase, Bahrain.<\/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;\">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\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":72928,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-72927","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c1e40edc-5566-4aee-af1a-6e6eb691ff7c","teaser":"","photo_url":"https:\/\/ent.news\/2023\/8\/993.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It\u2019s Brics week - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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