{"id":75014,"date":"2023-11-21T07:15:00","date_gmt":"2023-11-21T07:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=75014"},"modified":"2025-12-15T13:42:50","modified_gmt":"2025-12-15T13:42:50","slug":"war-risk-premiums-are-back","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/war-risk-premiums-are-back\/","title":{"rendered":"War risk premiums are back"},"content":{"rendered":"<section id=\"75016\" 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=\"75016\">\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\/11\/21\/today-war-risk-premiums-are-back-operations-in-the-rhine-river-to-resume-today\/\">\r\n                            TODAY: War risk premiums are back + operations in the Rhine River to resume today                        <\/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\/11\/21\/today-war-risk-premiums-are-back-operations-in-the-rhine-river-to-resume-today\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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     <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1089.JPG?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75017\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/today-war-risk-premiums-are-back-operations-in-the-rhine-river-to-resume-today\/1089-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1089.JPG?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1089.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1089.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1089.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75016\" class=\"content-area-description single-story post-75016 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-aviation tag-energy tag-enterprise-logistics tag-oman tag-shipping-maritime tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.a6bb1fab-61ec-4e27-a368-fd643bd8a648.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> We have a light issue for you this morning \u2014 a breath of fresh air following weeks of non-stop logistics news as big industry events kicked off in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY-<\/strong>Sharjah-based ports and terminal operator Gulftainer has extended its concession agreement for two terminals in the UAE with Sharjah Ports, Customs and Free Zones Authority (SPA) for a further 35 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have everything on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>Yemen\u2019s Houthis held 25 members hostage on an Israeli-linked cargo ship<\/strong>in the Red Sea, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-houthi-rebels-hijacked-ship-red-sea-dc9b6448690bcf5c70a0baf7c7c34b09\" style=\"\" rel=\"noopener\">Associated Press<\/a> reports. The Houthis said they <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8a916d0-87ca-4a28-8726-543ac095fd3c\" style=\"\" rel=\"noopener\">seized<\/a> the ship \u2014 dubbed Galaxy Leader \u2014 on Sunday due to its affiliation with Israel, which accords with the group\u2019s warning that it could target Israeli vessels in the Red Sea and the Bab Al Mandeb strait. The ship\u2019s owners are associated with Ray Car Carriers, which was founded by Abraham \u201cRami\u201d Ungar, one of the richest men in Israel, the AP reports, citing data from public databases. It\u2019s British-owned and operated by Japan\u2019s NYK Line. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Japan is currently working with governments in the Middle East, including Oman, Saudi Arabia and Iran, to release the crew<\/strong>, AP adds.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The incident \u2014 along with other tensions in regional waters \u2014 means that war premiums are back<\/strong><strong>:<\/strong>Shipping ins. providers are assessing the impact Galaxy Leader\u2019s abduction could have on cargo shipments through the region, Eurasia Group said in a note, <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/oil\/112023-war-risk-premiums-back-in-oil-and-shipping-as-houthis-seize-vessel-in-red-sea\" style=\"\" rel=\"noopener\">S&P Global<\/a> reports. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\">\u201cAs a shipbroker, I'll have to do more KYC when I'm offering my client a ship to see if there is any Israeli ownership involved in this ship,\u201d Luv Menghani, a shipbroker with Dubai BluePeak Commodities and Shipping, said, adding that ships will also be seeking armed security on board, which will also increase costs.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>A<\/strong><strong>Turkish cargo ship sank in the Black Sea amid a severe storm on Sunday<\/strong>, killing at least one crewmember and leaving eleven missing, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/turkish-cargo-ship-with-12-crew-sinks-black-sea-2023-11-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, Interior Minister Ali Yerlikaya said. The ship is said to have sunk after drifting toward a breakwater off Eregli, and likely crashing into the structure, in northwest Turkey's Zonguldak province. <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> Operations in the Rhine River to resume today, following weather-induced disruptions: <\/strong>The Rhine River has been closed off in its southern part of Germany since Wednesday following a rise in water levels caused by heavy rain, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/river-rhine-south-germany-still-closed-shipping-due-high-water-2023-11-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> quotes German Inland waterways navigation agency WSA as saying. Vessels don't have enough space to sail under bridges due to the high water levels, while the blockage is preventing vessels from sailing to Switzerland, the outlet writes. The river is expected to reopen to shipping later this afternoon, forecasting service of the Rheinland-Pfalz state government is quoted as saying by the outlet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC\u2019s first annual data center industry conference,<\/strong><strong><a target=\"_blank\" href=\"https:\/\/touchdownme.com\/en\/\" style=\"\" rel=\"noopener\">Touchdown Middle East<\/a><\/strong><strong>, <\/strong><strong>is taking place today and tomorrow <\/strong>at the Gulf Hotel in Bahrain. Developed by the Gulf Data Center Association and Amsterdam-based data and tech conference providers KickStart Europe, the event aims to provide attendees with insight from industry experts as well as networking with operators, industry influencers, executive leaders, and decision makers.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/informaconnect.com\/intermobility-expo\/\" style=\"\" rel=\"noopener\">Intermobility Expo 2023<\/a><\/strong><strong> is kicking off today and will run till Thursday <\/strong>at the Dubai World Trade Center. The transport event brings together 3.5k industry members and decision makers from the Middle East, Turkey, and Africa to look at new products, network, and showcase the latest in rail, road, and transport industry products and technologies. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/arabal.com\/\" style=\"\" rel=\"noopener\">Arab International Aluminium Conference and Exhibition 2023<\/a><\/strong><strong> (ARABAL) <\/strong><strong>started today at the Hilton Riyadh Hotel & Residences in Riyadh, <\/strong>and will run till Thursday. The event, hosted by multi-commodity mining and metals company Ma\u2019aden, is a platform for the Arab aluminum industry that is hosted rotationally by primary aluminum manufacturers and brings together 500 attendees to network and conduct business. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong><strong>Emirates is poised to resume flights to Nigeria after a<\/strong><strong>one-year hiatus<\/strong>, Nigeria's Aviation Minister Festus Keyamo said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/fkeyamo\/status\/1726161122699419947\" style=\"\" rel=\"noopener\">statement<\/a> on X after meeting with Emirates executives on the sidelines of the Dubai Airshow last week. The exact date of the resumption of flights was not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Emirates halted flights to Nigeria in November 2022 due to challenges in repatriating its funds from the country, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/emirates-suspends-nigerian-flights-again-over-trapped-ticket-sales-2022-11-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Nigeria has been dealing with a severe USD shortage, forcing individuals and businesses to resort to the black market for foreign exchange, where the value of the NGN has taken a hit.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>DATA POINT #1-<\/strong><strong>Dubai customs has recorded a 13% y-o-y increase in customs <\/strong><strong>transactions in 9M2023<\/strong>, totaling 21.6 mn transactions, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaicustoms.gov.ae\/en\/NewsCenter\/Pages\/NewsDetail.aspx?NewsId=1989\" style=\"\" rel=\"noopener\">press release<\/a>. Customs declarations amounted to 87% of the total customs transactions, with 18.8 mn declarations in 3Q 2023, a 13.2% y-o-y increase. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>DATA POINT #2<\/strong><strong>- Oman\u2019s Sohar Port and Freezonehas attracted more than USD 27 bn<\/strong> in investments in Sohar Ports and Freezones over the past 20 years, contributing 2.1% of Oman\u2019s GDP, <a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2023\/11\/19\/investments-at-sohar-port-and-freezone-reach-27bn\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reports, citing a statement by Sohar Port CEO Emile Hoogsteden to Oman News Agency. Sohar has inked 11 agreements worth USD 632 mn since the start of 2023, the outlet quotes CEO of Sohar Freezone Omar Al Mahrizi as saying.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>MARKET WATCH-<\/strong><strong>Asian LNG buyers pay a premium for 2024 due to congestion in <\/strong><strong>Panama Canal<\/strong><strong>:<\/strong> The Asian gas price premium to Europe for summer 2024 has more than doubled since the end of October, following the Panama Canal\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3c3d7fd4-3342-4d5a-a12e-338101287985\" style=\"\" rel=\"noopener\">announcement<\/a> that it would be adding further restrictions to movement through the passage, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-17\/asia-lng-buyers-are-paying-a-panama-chokepoint-premium-for-2024\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. New restrictions risk making journeys costlier for US suppliers and could result in increasing the gap in LNG prices between Asia and Europe.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The margin for US LNG shipments to the Pacific will keep shrinking, according to the head of LNG research at Rystad Energy Xi Nan, due to longer voyage days and higher shipping costs. LNG shipments to Asia are expected to be further exacerbated by a new policy from the Panama Canal starting December that will prioritize container ships over LNG vessels for transit.<\/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>HELP SUPPORT GAZANS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than a mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century. The charities we\u2019re listing below are organizations working on Gaza relief that we think you can trust if you want to make a donation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egyptian Red Crescent Society<\/strong> is one of Egypt's leading providers of humanitarian and emergency medical services. The Egypt Red Crescent <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=844b87250b&e=2a3f919c25\" style=\"\" rel=\"noopener\">accepts donations in EGP online<\/a> and is on Fawry with the service code 99981. You can also donate to the organization through this Banque du Caire account: 49\/403\/30 (EGP) or 1065\/601\/30 (USD \u2014 code: BCAIEGCX030).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Emirates Red Crescent Authority<\/strong> has launched the Tarahum \u2014 For Gaza campaign and is <a target=\"_blank\" href=\"https:\/\/www.emiratesrc.ae\/donate\/Default_en.aspx?prm=PHEALTH\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.emiratesrc.ae\/donate\/Default_en.aspx?prm=PHEALTH\" style=\"\" rel=\"noopener\">accepting donations online<\/a> via What\u2019s App, SMS, Apple Pay, credit card, or bank transfer to ADIB (AE370500000000020000417).<\/p>\n<p style=\"padding-top:12pt;margin:0;padding-left:0;padding-bottom:12pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>#3-<\/strong><strong>The King Salman Humanitarian Aid and Relief Center<\/strong> has launched the <a target=\"_blank\" href=\"https:\/\/sahem.ksrelief.org\/Gaza\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/sahem.ksrelief.org\/Gaza\" style=\"\" rel=\"noopener\">Sahem campaign<\/a> accepting donations via their website, mobile apps on Apple Store and Google Play, or bank transfer to Al Rajhi Bank (SA5580000504608018899998).<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>#4- UNICEF has been on the ground in Gaza since the start of the crisis<\/strong>, providing urgent supplies and aid. You can donate to the agency directly using your card in your local currency <a target=\"_blank\" href=\"https:\/\/help.unicef.org\/donate-to-children\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The folks at Talabat are processing donations for a range of Gaza relief appeals by charities<\/strong> including the Egyptian Food Bank, Misr El Kheir and the Emirates Red Crescent Authority\u2019s Tarahum campaign. You can make the donation via the Talabat app using your credit card.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=fb340e439c&e=2a3f919c25\" style=\"\" rel=\"noopener\">Aviation and Alternative Fuels conference<\/a><\/strong><strong> kicked off yesterday<\/strong> and will run through to Friday in Dubai. The event brings together senior government officials and international organizations to assess progress in the development and deployment of sustainable aviation fuels (SAF) and lower-carbon aviation fuel measured according to the targets outlined in the 2050 Vision for SAF.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first GCC-Egyptian Business Forum will be held on 22-23 November in Cairo, Egypt<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/SaudiArarbiatohostfirstGCCEgyptianBusinessForum.aspx?cms=q8FmFJgiscL2fwIzON1%2bDiZquQuWfozHUsoTYRK5e40%3d\" style=\"\" rel=\"noopener\">Bahrain News Agency<\/a> reports. The event is being held under the theme Business, Investment, Partnership, with a focus on investments in real estate, agriculture, the food industry, and tourism in the region. The event is hosted by the Federation of Egyptian Chambers of Commerce and organized in cooperation with the Federation of Gulf Cooperation Council.<\/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.antwerpxl.com\/\" style=\"\" rel=\"noopener\">Antwerp XL<\/a><\/strong><strong> will take place on 28-30 November at Antwerp Expo <\/strong><strong>Hall<\/strong><strong> 4 in Antwerp, <\/strong><strong>Belgium. <\/strong>The event provides a platform for breakbulk, roro, heavy lift, and project cargo industry members to network, learn about important industry topics, talk to experts, meet top cargo owners and freight forwarders, and discuss trends and solutions as well as how to overcome challenges in the industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The third Caspian Economic Forum will be held in mid-November in Iran<\/strong>, state-owned <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85274663\/Iran-to-host-key-meeting-of-Caspian-Sea-littoral-states-in-mid-November\" style=\"\" rel=\"noopener\">Islamic Republic News Agency<\/a> reports. The event is set to focus on transportation, joint ventures, oil and gas, finance, banking and technical cooperation in Iran, with Alireza Jahangiri, Iran\u2019s deputy foreign caspian sea affairs minister, calling on economic institutions to attend, IRNA adds. The exact location and dates of the forum have yet to be confirmed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iranian President Ebrahim Raisi will visit Turkey next month to discuss bilateral ties<\/strong>, as well as proposals by the Iran-Turkey Joint Chamber of Commerce for boosting bilateral trade, including through a potential trade agreement, state-aligned <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/11\/16\/2989354\/iran-keen-to-increase-bilateral-trade-with-turkey-official\" style=\"\" rel=\"noopener\">Tasnim News Agency<\/a> quotes chairman of the chamber Mehrdad Saadat as saying. Saadat said that Iran\u2019s trade with Europe could grow by taking advantage of Turkey\u2019s trade capacities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events 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\" 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\/oman\/\">Oman<\/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\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75018\" 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 class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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stk-inner-blocks stk-rl4i58k-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29641.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/29586.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" 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101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75019\" 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=\"75019\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Shipping + Maritime<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/gulftainer-extends-concession-agreement-for-sharjah-and-khorfakkan-terminals\/\">\r\n                            Gulftainer extends concession agreement for Sharjah and Khorfakkan terminals                        <\/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\/11\/21\/gulftainer-extends-concession-agreement-for-sharjah-and-khorfakkan-terminals\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gulftainer+extends+concession+agreement+for+Sharjah+and+Khorfakkan+terminals+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F21%2Fgulftainer-extends-concession-agreement-for-sharjah-and-khorfakkan-terminals%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\/11\/21\/gulftainer-extends-concession-agreement-for-sharjah-and-khorfakkan-terminals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75019\" class=\"content-area-description single-story post-75019 post type-post status-publish format-standard hentry category-shipping-maritime tag-enterprise-logistics tag-investment-watch tag-shipping-maritime tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.2697bbdc-1228-4527-a25a-54243b74b962.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gulftainer reboots concession agreement for Sharjah + Khorfakkan terminals:<\/strong>Sharjah-based ports and terminal operator <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/\" style=\"\" rel=\"noopener\">Gulftainer<\/a> has extended its concession agreement with <a target=\"_blank\" href=\"https:\/\/sharjahports.gov.ae\/\" style=\"\" rel=\"noopener\">Sharjah Ports, Customs and Free Zones Authority (SPA)<\/a> for two terminals in the UAE for a further 35 years, according to a <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/press-release\/sharjah-ports-customs-and-free-zones-authority-and-gulftainer-extend-concession-agreements-further-enhancing-the-five-decade-strategic-partnership-with-the-emirat\/\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will allow Gulftainer to manage, operate, and develop <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/terminals\/uae\/sharjah-container-terminal\/\" style=\"\" rel=\"noopener\">Sharjah Container Terminal (SCT)<\/a> and <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/terminals\/uae\/khorfakkan-container-terminal\/\" style=\"\" rel=\"noopener\">Khorfakkan Container Terminal (KCT)<\/a> well into the century. Gulftainer and SPA\u2019s partnership goes back five decades, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Gulftainer and the terminals:<\/strong> Gulftainer was established in 1976 to operate the newly built SCT and later expanded to operate KCT and other port facilities in the UAE, Iraq, KSA, and the US, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1045.pdf\" style=\"\" rel=\"noopener\">company\u2019s brochure (pdf)<\/a>. SCT handles container, bulk, Ro-Ro and general cargo shipments for the UAE. KCT leverages its strategic position on the Indian Ocean beyond the Strait of Hormuz to service east-west shipping routes in addition to the GCC market, the statement also said. <\/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\/investment-watch\/\">INVESTMENT 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                            <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=\"75021 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=\"75021\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/75021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75021\" class=\"content-area-description single-story post-75021 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=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/959.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=\"75022\" 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=\"75022\">\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 Big Read<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/the-tipping-point-for-electric-container-handling-equipment-is-2-8-years-away-but-more-needs-to-be-done\/\">\r\n                            The tipping point for electric container handling equipment is 2-8 years away, but more needs to be done                        <\/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\/11\/21\/the-tipping-point-for-electric-container-handling-equipment-is-2-8-years-away-but-more-needs-to-be-done\/\" 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 equipment, which is used to load and unload containers across ports, usually runs on diesel, making it responsible for emitting some 10-15 metric tonnes of CO2 in 2020 alone, which is as much as the annual emissions of Slovenia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What needs to be done?<\/strong> With the global shipping industry taking strides towards decarbonization, terminal operators, original equipment manufacturers (OEMs), port authorities and shipping line operators will need to slash these emissions by using alternatively fueled equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>The \u201ctipping point\u201d where the costs associated with a new technology \u2014 in this case, battery-electric and hydrogen-electric container handling equipment \u2014 become more competitive than their more polluting alternatives has to come before they are widely used, a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/1384.pdf\" style=\"\" rel=\"noopener\">white paper (pdf)<\/a> commissioned by <a target=\"_blank\" href=\"https:\/\/www.apmterminals.com\/\" style=\"\" rel=\"noopener\">APM Terminals<\/a> and <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/\" style=\"\" rel=\"noopener\">DP World<\/a>, argues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When is that tipping point coming? <\/strong>If shipping operators accelerate their transition towards decarbonization, the tipping point for battery-electric equipment can be reached within 2-8 years, the companies estimate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The problem: <\/strong>Some 30% of container handling equipment is tethered and stationary, or operating in limited movements, while 70% are untethered. Tethered equipment can be powered by direct electricity supply, while untethered equipment mostly runs on diesel and is used for bidirectional quay-to-yard moves or to perform terminal housekeeping, according to the white paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are two greener options on the market: <\/strong>Untethered and zero-emission equipment can run on batteries or on hydrogen, though the paper argues that battery-electric equipment is the preferred alternative, both because it is more affordable and more accessible than hydrogen electric equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Battery-electric is a much more viable option right now\u2026:<\/strong> Hydrogen-electric handling equipment has a 47% higher total cost of ownership \u2014 which includes its acquisition, storage and transport \u2014 when compared with battery-electric equipment, according to the paper. It also requires 3-4x more electricity, while equipment prices are expected to be 24-45% higher due to their complexity, the paper said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026and can be brought to market faster:<\/strong> The first hydrogen electric equipment prototype will be ready in 2025, meaning the first viable products are not expected to be ready before 2030, according to the paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are still caveats, even with the battery electric model: <\/strong>The total cost of battery electric equipment is currently almost 1.2-1.43 times higher than the cost of diesel powered equipment, on the back of higher equipment prices, costs for charging infrastructure, and additional downtime for charging, the paper said. That\u2019s without counting battery replacement before end of life. While some of this is outweighed by a 50% slashing of energy costs, there\u2019s still a bit more to go before battery electric models become more competitive. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the upsides prevail: <\/strong>The equipment \u2014 which the companies expect will become a financially attractive option before 2030 \u2014 is quieter, as it produces low levels of vibration, and does not emit air pollutants, the paper said. Battery-electric terminal tractors and reach stackers can achieve TCO parity within five years, while straddle carriers can get there within this decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How can the tipping point be reached? <\/strong>The white paper identifies four different actions that can accelerate the tipping point for battery electric equipment: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Terminal operators can signal an increase in demand<\/strong> by inking purchase commitments and direct offtake agreements that can help scale up production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Terminal operators and manufacturers can also reduce costs by standardizing requirements for production and modularizing<\/strong>, in order to build up trust, ensure compatibility for batteries to allow swapping across different OEMs, and avoid duplicate R&D and supply costs, the paper argues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Operators also need to prepare their terminals for the rollout of battery equipment, <\/strong>including through terminal design, workforce training and rethinking operations to reduce downtime. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Finally, port authorities, shipping line operators, and government entities can introduce incentives to help develop the market<\/strong>. These incentives can be financial, or in the form of assistance with infrastructure adjustments, to help level the playing field, the paper said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>APM\u2019s efforts are being reflected across the Middle East:<\/strong> As part of APM Terminals electrification roll out, Jordan\u2019s <a target=\"_blank\" href=\"https:\/\/www.act.com.jo\/\" style=\"\" rel=\"noopener\">Aqaba Container Terminal<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/647eab0a-37f4-4ec1-aa6b-d38005198bbb\" style=\"\" rel=\"noopener\">received<\/a> its first batch of electric reach stackers and empty handlers in October, making it the first Middle Eastern terminal to shift to electrified terminal equipment, according to an APM <a target=\"_blank\" href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231018-apm-terminals-challenges-barriers-to-port-electrification\" style=\"\" rel=\"noopener\">statement<\/a>. The reach stacker can operate for eight hours without being charged. Electric terminal tractors are due to be delivered to Egypt next year, the statement adds.<\/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\/decarbonization\/\">decarbonization<\/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\/the-big-read\/\">THE BIG READ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75024\" 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=\"75024\">\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\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/\">\r\n                            More truckers are opting for hydrogen trucks in the US + China\u2019s shipyards are making more ships this year. PLUS: CMA CGM invests in AI                        <\/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\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/\" 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\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/')\">\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\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/\">\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=More truckers are opting for hydrogen trucks in the US + China\u2019s shipyards are making more ships this year. 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PLUS: CMA CGM invests in AI\">\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=More+truckers+are+opting+for+hydrogen+trucks+in+the+US+%2B+China%E2%80%99s+shipyards+are+making+more+ships+this+year.+PLUS%3A+CMA+CGM+invests+in+AI+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F21%2Fmore-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai%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\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1071.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75025\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/more-truckers-are-opting-for-hydrogen-trucks-in-the-us-chinas-shipyards-are-making-more-ships-this-year-plus-cma-cgm-invests-in-ai\/1071-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1071.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1071.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1071.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1071.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75024\" class=\"content-area-description single-story post-75024 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-enterprise-logistics tag-logistics-in-the-news tag-shipping-maritime tag-trucking 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\/11\/.6f001749-34b8-4d5b-813d-920318748b22.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hydrogen-fueled trucks are picking up steam among truckers in the US:<\/strong>Tennessee-based logistics company IMC is one of many awaiting its first hydrogen electric fuel-cell trucks, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/hydrogen-fuel-is-gaining-traction-with-truckers-20fca3e3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports, as some truckers shift their focus from battery-cell rigs that weigh (and slow) trucks down. The switch to hydrogen has the advantage of longer trips and speedier refueling compared to battery-cell technology, supporters of the alternatively fueled trucks say. It will also allow the trucks to carry heavier loads since they won\u2019t be hauling industrial-scale batteries. Other manufacturers like Kenworth, Hyundai Motor, and Volvo Trucks are also developing hydrogen-fuelled rigs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downside: <\/strong>The market for hydrogen fuel remains scarce, pushing up refueling costs for hydrogen trucks, with hydrogen fuel-cell big rigs costing some USD 450k. Prices for hydrogen are currently set at double and quadruple the cost of diesel, CEO of Hyzon Motors Parker Meeks said, though it\u2019s expected to reach parity over the next three years as supply increases. Another setback is the lack of hydrogen infrastructure which lags behind that of battery-electric trucks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s shipyards have ramped up their output by 10.6% y-o-y to 30.74 dwt in 9M2023<\/strong>, according to statistics from the China Association of the National Shipbuilding Industry picked up by <a target=\"_blank\" href=\"https:\/\/www.seatrade-maritime.com\/shipyards\/chinese-yards-newbuilding-orders-767-first-three-quarters\" style=\"\" rel=\"noopener\">Seatrade Maritime<\/a>. The volume of newly received orders also grew 76.7% y-o-y to 57.34 m dwt, the outlet adds. Shipbuilding export volumes increased by 11.8% y-o-y to 26.31 m dwt, while newly received export shipbuilding orders were up by 82% at 53.53m dwt. <\/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>French shipping and logistics firm<strong><a target=\"_blank\" href=\"https:\/\/www.cma-cgm.com\/\" style=\"\" rel=\"noopener\">CMA CGM<\/a><\/strong>, French telecom<strong><a target=\"_blank\" href=\"https:\/\/www.iliad.fr\/en\" style=\"\" rel=\"noopener\">Iliad Group<\/a><\/strong>, and venture group <strong><a target=\"_blank\" href=\"https:\/\/www.schmidtfutures.com\/\" style=\"\" rel=\"noopener\">Schmidt Futures<\/a><\/strong> have <strong>invested EUR 300 mn <\/strong>in launching<strong> Europe\u2019s first independent research lab \u2014 Kyutai \u2014 <\/strong>dedicated to <strong>open research in AI<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.cmacgm-group.com\/en\/news-media\/launch-kyutai-europes-first-independent-research-lab-dedicated-ai-open-science\" style=\"\" rel=\"noopener\">Press release<\/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\/logistics-in-the-news\/\">LOGISTICS IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trucking\/\">trucking<\/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=\"75026\" 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=\"75026\">\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\/11\/21\/iraq-could-get-more-locomotives-from-china-bahri-charters-two-vessels-from-south-korean-shipowner\/\">\r\n                            Iraq could get more locomotives from China + Bahri charters two vessels from South Korean shipowner. PLUS: More from Oman, Shiplifer, KSA, DP World, Etihad Airways and SCA                        <\/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\/11\/21\/iraq-could-get-more-locomotives-from-china-bahri-charters-two-vessels-from-south-korean-shipowner\/\" 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=\"#\" 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1076.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75027\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/iraq-could-get-more-locomotives-from-china-bahri-charters-two-vessels-from-south-korean-shipowner\/1076-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1076.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1076.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1076.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1076.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75026\" class=\"content-area-description single-story post-75026 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-decarbonization tag-e-commerce tag-enterprise-logistics tag-investment-watch tag-rail tag-shipping-maritime tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.21abf9d0-fa8b-42ae-94bc-d3af9b9a107c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAIL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More Chinese locomotives for Iraq? <\/strong>A delegation from Iraq\u2019s <a target=\"_blank\" href=\"https:\/\/www.scr.gov.iq\/\" style=\"\" rel=\"noopener\">General Company for Iraqi Railways<\/a> (GCIR) met with officials from Chinese rolling stock manufacturer <a target=\"_blank\" href=\"https:\/\/www.crrcgc.cc\/en\" style=\"\" rel=\"noopener\">CRRC<\/a> to discuss the acquisition of locomotives and spare parts, according to a transport ministry <a target=\"_blank\" href=\"https:\/\/motrans.gov.iq\/?article=1334\" style=\"\" rel=\"noopener\">statement<\/a>. Iraq will review bids from CRRC and will seek formal approvals for the locomotives, head of operations at GCIR Riyad Katea said. CRRC had previously supplied Iraq with 50 locomotives in 2002, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SHIPPING + MARITIME-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahri<\/strong><strong> to charter pair of VLCC tankers from South Korean shipowner: <\/strong>KSA\u2019s <a target=\"_blank\" href=\"https:\/\/www.bahri.sa\" style=\"\" rel=\"noopener\">Bahri<\/a> has secured an agreement with South Korean ship owner <a target=\"_blank\" href=\"http:\/\/www.sinokor.co.kr\/en\/index.html\" style=\"\" rel=\"noopener\">Sinokor<\/a> that will see the liner charter two newbuild 115k dwt Aframax tankers, dubbed Jill Glory and Sabrina Glory, for a two year period, <a target=\"_blank\" href=\"https:\/\/splash247.com\/bahri-fixes-sinokor-aframax-newbuilds\/\" style=\"\" rel=\"noopener\">Splash<\/a> reported. The rate for the scrubber-fitted vessels has been agreed to USD 42k per day each, with a daily USD 40k one-year extension option also attached to the contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asyad to install wind power tech on world\u2019s largest ore carrier:<\/strong> Omani shipowner <a target=\"_blank\" href=\"https:\/\/www.asyad.om\/\" style=\"\" rel=\"noopener\">Asyad<\/a> has inked an agreement with Brazilian mining and logistics operator <a target=\"_blank\" href=\"https:\/\/www.vale.com\/\" style=\"\" rel=\"noopener\">Vale<\/a> to install rotor sails on the world\u2019s largest ore carrier, Valemax, according to a <a target=\"_blank\" href=\"https:\/\/www.vale.com\/w\/vale-adopts-wind-power-on-worlds-largest-ore-carrier\/-\/categories\/985604\" style=\"\" rel=\"noopener\">press release<\/a>. The technology, developed by British manufacturer Anemoi, uses wind propulsion to provide energy efficiency gains and reduce emissions, the release explains. The adaptation work on the Sohar Max ship is slated for completion in 2Q 2024, after which trials will begin. The endeavor will involve installing five cylindrical rotors, each 35 meters high and 5 meters in diameter, which should cut up to some 3k tons of CO2 annually, according to the release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is Asyad\u2019s sixth agreement with Vale<\/strong>, as the Omani ship owner has already piloted technologies on four ships chartered by Vale, the release states. The technologies they piloted include the use of silicone paint to reduce resistance, installing frequency inverters to reduce electricity consumption, the usage of hydrodynamic devices for propulsion, and the installation of real-time data collection systems, all of which is aligned with ambitions to decarbonize shipping, according to the press release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/asyad.om\/who-we-are\/media-center\/news\" style=\"\" rel=\"noopener\">Asyad Group<\/a><\/strong><strong> inked four agreements with small and medium <\/strong><strong>enterprises<\/strong><strong> (SMEs) as part of its vendor development program<\/strong>, which is set to boost SMEs\u2019 role in Oman\u2019s economy, according to a <a target=\"_blank\" href=\"https:\/\/asyad.om\/who-we-are\/media-center\/news\/2023\/11\/20\/asyad-grouop-kicks-off-its-vendor-development-program-to-empower-sems-through-partnerships\" style=\"\" rel=\"noopener\">press release<\/a>.<strong> A rundown of the agreements:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/onsor.om\/\" style=\"\" rel=\"noopener\">Onsor Technologies<\/a><\/strong> will design <strong>monitoring systems<\/strong> for Asyad\u2019s shipping vessels;<\/li>\n<\/ul>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/seragelectrode.com\/\" style=\"\" rel=\"noopener\">Serag Electrode<\/a><\/strong> will offer Asyad Drydock with welding electrodes for the Drydock\u2019s technical operations;<\/li>\n<li><strong>Capital Development<\/strong> will offer maintenance and repair services for the mobile equipment used at Asyad Ports;<\/li>\n<li>and <strong><a target=\"_blank\" href=\"https:\/\/www.goldendepth.com\/\" style=\"\" rel=\"noopener\">Golden Depth Marine Services<\/a><\/strong> will provide Asyad Drydock with <strong>buoy inspection and maintenance<\/strong>. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INVESTMENT WATCH- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transport Ministry workshop identifies new prospects for investment in Oman\u2019s<\/strong><strong> logistics sector:<\/strong> A workshop run by Oman\u2019s <a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/ITA\/default.aspx\" style=\"\" rel=\"noopener\">Transport, Communications and Information Technology Ministry<\/a> and <a target=\"_blank\" href=\"https:\/\/www.caa.gov.om\/\" style=\"\" rel=\"noopener\">Civil Aviation Authority<\/a>, in coordination with the National Programme for Investment and Export Development (Nazdaher), has identified 27 new projects for investment and six enablers for boosting the country\u2019s logistics sector, <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/en\/80\/show\/114986\" style=\"\" rel=\"noopener\">Oman News Agency (ONA)<\/a> reported. The ministry had earmarked OMR 2.5 bn for investments in Oman\u2019s transport and logistics sector between 2021 and 2025, the ministry\u2019s undersecretary, Khamis Mohammed Al Shammakhi, said. Declared projects and as yet unassigned projects are valued at OMR 1.4 bn, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TRANSPORT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> Board of Directors of the Arab Union of Land Transport meeting kicked off yesterday <\/strong><strong>with discussions <\/strong><strong>around key land transport projects, ground safety and training,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOTCQATAR\/posts\/pfbid03767YPnZNXgmsNisSsiFrfP7mYRqava9My6EnLJFt4VbcMX1yVKo48gdDGTyoHXdbl\" style=\"\" rel=\"noopener\">statement<\/a>. The pan-Arab organization of Arab passenger and cargo transportation companies discussed a project that aims to establish a database for ground safety, as well as training courses to enhance drivers\u2019 skills on hazardous materials transport, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-COMMERCE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based e-commerce shipping platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/shiplifier.com\/\" style=\"\" rel=\"noopener\">Shiplifer<\/a><\/strong><strong> has kicked off operations,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/introducing-shiplifier-a-unified-platform-set-to-streamline-e-commerce-shipping-and-logistics-anha1waj\" style=\"\" rel=\"noopener\">press release<\/a>. The platform looks to help businesses automate and streamline their logistics operations by allowing them to efficiently process, track, and monitor shipments. It also offers competitive rates from couriers which include I Mile Delivery, DHL, FedEx, Aramex, Zajel and SMSA Express, the release adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Shiplifer:<\/strong> Since its founding in March, the platform has amassed 300 customers, witnessing a 100% m-o-m hike in the number of clients. The platform\u2019s web based application allows users to choose from top-rated shippers while integrating with leading e-commerce platforms. Ali Javaheri (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ajavaheri\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is the startup\u2019s CEO, the statement adds.<\/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>Saudi <\/strong><strong>Minister of Transport and Logistics Services<\/strong> Saleh Al Jasser, visited <strong>Djibouti\u2019s Doraleh and Damerjog Ports<\/strong>, to inspect <strong>infrastructure and operational capabilities,<\/strong>while the <strong>Saudi-Djibouti Business Council<\/strong> also inked a number of <strong>MoUs<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sauditransport\/posts\/pfbid0zUtwbr6NK55pUiwDtTMQiRGPT327wkFvPyvHnQFCcn3Xqh67jhZrNhF57FfX1kiJl\" style=\"\" rel=\"noopener\">Statement<\/a> | <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/ministry-of-transport-saudi-arabia\/?miniCompanyUrn=urn%3Ali%3Afsd_company%3A2586069&lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BcZPY4L0JR2Kb8lpSrkz8bQ%3D%3D\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>DP World<\/strong><strong>has slashed carbon emissions <\/strong>from its UAE operations <strong>by<\/strong><strong> c. 50% in 2023<\/strong> by <strong>utilizing renewable power<\/strong> from the <strong>Dubai Electricity and Water Authority<\/strong>. (<a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/November\/20-11\/DP-World-Slashes-Carbon-Emissions-in-UAE-by-Accessing-Renewable-Energy\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Etihad Airways<\/strong> will add new flights to <strong>Nice, Mykonos, and Santonrini<\/strong> in its <strong>summer<\/strong><strong> 2024 schedule<\/strong>, while also <strong>increasing frequencies<\/strong> to <strong>Ahmedabad, Athens, Bangkok and Colombo<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-unleashes-sizzling-summer-schedule\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li>Suez Canal Authority subsidiary<strong>Timsah Shipbuilding Company <\/strong>has <strong>inked <\/strong><strong>a contract <\/strong>with the authority\u2019s<strong> supply department <\/strong>to <strong>build two new marine tugs. <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/timsah-shipbuilding-company_aepaesaesaetaebaepaevabraesaeqaeuaepaej-aehaeaaeyaetaer-activity-7132017708446957568-s-H3?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75028\" 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=\"75028\">\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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/\">\r\n                            AIT Logistics to acquire Netherlands-based Lubbers + Denmark could start blocking Russian oil tankers from entering its waters                        <\/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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/\" 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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/')\">\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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/\">\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=AIT Logistics to acquire Netherlands-based Lubbers + Denmark could start blocking Russian oil tankers from entering its waters&url=https:\/\/enterpriseam.com\/logistics\/2023\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/\">\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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/&title=AIT Logistics to acquire Netherlands-based Lubbers + Denmark could start blocking Russian oil tankers from entering its waters\">\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=AIT+Logistics+to+acquire+Netherlands-based+Lubbers+%2B+Denmark+could+start+blocking+Russian+oil+tankers+from+entering+its+waters+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F21%2Fait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters%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\/11\/21\/ait-logistics-to-acquire-netherlands-based-lubbers-denmark-could-start-blocking-russian-oil-tankers-from-entering-its-waters\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75028\" class=\"content-area-description single-story post-75028 post type-post status-publish format-standard hentry category-around-the-world tag-around-the-world tag-enterprise-logistics tag-ma-watch tag-oil tag-russia-ukraine-war 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\/11\/.22b00903-58ad-4c15-81d9-97d848a4a20d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply chain solutions giant AIT Worldwide Logistics entered a binding purchase<\/strong><strong>agreement to acquire Dutch Lubbers Logistics Group<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20231117643474\/en\/\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition will boost AIT\u2019s offerings in road transport, freight forwarding and project freight logistics. The acquisition \u2014 which is set to see completion by the end of the year \u2014 will also help extend the company\u2019s footprint across four new countries including Denmark, Norway, Romania and Turkey. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Kirkland & Ellis and NautaDutilh NV are acting as legal counsel to AIT on the acquisition, while Loyens & Loeff is legal advisor to Lubbens. Nielen Schuman is acting as financial advisor to Lubbers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Denmark block tankers transporting Russian oil from reaching foreign <\/strong><strong>markets?<\/strong> A recent report from the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6409ed38-73f4-46b3-b0f1-649c5e5b79db\" style=\"\" rel=\"noopener\">Financial Times<\/a>, citing sources in the know, suggests that the European Union could be tasking Denmark with inspecting and potentially blocking tankers carrying Russian oil from traversing its waters. The move would be reinforcing the G7\u2019s price cap on Russian crude oil, which aims to curb Russia\u2019s ability to finance its war on Ukraine. The speculated proposal arrives as Western officials admit that \u201calmost none\u201d of Russia crude oil exports were sold below the USD 60-a-barrel price cap in October 2023. The European Union has not confirmed the claims in the FT report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Reports indicate that Russia has been using <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1040f757-7f0d-4b5a-91e8-bfff43c1fe57\" style=\"\" rel=\"noopener\">shadow tankers<\/a> to circumvent the G7 price cap.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Denmark? <\/strong>Russia sends a third of its seaborne oil exports through Danish straits, meaning any halt of those supplies could result in oil prices rising, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/denmark-could-block-russian-oil-tankers-reaching-markets-ft-2023-11-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Under the alleged plan, Denmark would target tankers transporting Russian oil without Western ins.<\/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>UPS is expanding its search for alternative electric van suppliers amid financial <\/strong><strong>troubles at EV maker Arrival<\/strong>. UPS invested in Arrival back in 2020, but the company has since been nearing a liquidity crisis and facing manufacturing challenges. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-16\/ups-broadens-search-for-electric-vans-amid-arrival-s-cash-woes\" style=\"\" rel=\"noopener\">Bloomberg<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oil\/\">oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/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=\"75030\" 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\/11\/21\/75030\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75030\" class=\"content-area-description single-story post-75030 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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85274663\/Iran-to-host-key-meeting-of-Caspian-Sea-littoral-states-in-mid-November\" style=\"\">Third Caspian Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, Iran.<\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-22 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/touchdownme.com\/en\/\" style=\"\">Touchdown Middle East<\/a><\/span><span style=\"font-weight:400;\">, Al Dana Hall, Gulf International Exhibition Centre, Gulf Hotel, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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:\/\/arabal.com\/\" style=\"\">ARABAL 2023 Conference<\/a><\/span><span>, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>22-23 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gcc-egyptbf.com\" style=\"\">GCC-Egyptian Business Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>28-30 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.antwerpxl.com\/\" style=\"\">Antwerp XL<\/a><\/span><span>, Antwerp Expo, Hall 4, Antwerp, Belgium.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>30 November-3 December (Thursday-Sunday): <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-6 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ajot.com\/news\/ethihad-cargo-hosts-third-ace-conference-in-the-middle-east\" style=\"\">ACE 23 Air Cargo Conference<\/a><\/span><span style=\"font-weight:400;\">, Yas Island Hotel, Abu Dhabi, UAE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-7 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/10\/17\/2973206\/tehran-to-host-2nd-eurasia-expo-tpoi-chief\" style=\"\">Eurasian Economic Union (EAEU) exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tehran Permanent International Fairgrounds, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>10-11 December (Sunday-Monday): <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/foodafrica-expo.com\/?gclid=CjwKCAjw1t2pBhAFEiwA_-A-NJNrdjlyg_Y1uUL8SXzzD8fC1x7vQO6fgMV2EDEWSSL_tt_C7R86ihoC8vQQAvD_BwE\" style=\"\">Food Africa Cairo 2023<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85273735\/Headlines-in-Iranian-English-language-dailies-on-Oct-29\" style=\"\">International Exhibition of Transportation, Logistics, and Related Industries<\/a><\/span><span style=\"font-weight:400;\"> (Iran Trans Expo 2023), Imam Khomeini Grand Prayer Campus (Mossala), Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>2H 2023:<\/span><span>Construction of <\/span><span>Neom\u2019s<\/span><span style=\"font-weight:400;\"> first hydrogen fueling station will kick off.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H 2023: Expansion of Baghdad International Airport to begin.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2024: Egypt\u2019s Transport Ministry to launch pre-qualification tender for Cairo-Alex freight railway.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1H 2024: Civil Construction subcontracts for construction firms in Oman for implementation of the Abu Dhabi - Suhar rail link to be <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/oman-etihad-rail-project-to-unlock-major-construction-opportunities-pvugtzq8\" style=\"\">announced<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"\">King Salman Energy Park is set to become operational in 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, South Africa. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>20 March (Wednesday): Construction work scheduled to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/09\/18\/2957794\/iran-russia-finalizing-contract-for-constructing-rasht-astara-railway\" style=\"\">begin<\/a><\/span><span> on the 162 km <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/223b92ed-a104-4975-97a7-f7e0895b479b\" style=\"\">Rasht-Astara Railway<\/a><\/span><span style=\"font-weight:400;\"> in Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>30 April- 2 May(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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;\">, Hotel President Wilson, Geneva, Switzerland.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/airports-council-international-asia-pacific_airportsinnovate-airport-riyadh-activity-7100771294358487040-tFm9\/?utm_source=share&utm_medium=member_desktop\" style=\"\">WAGA 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/news\/29\/breaking-news\/299662189\/press-release-routes-world-officially-handed-over-to-2024-host-bahrain-international-airport\/\" style=\"\">Routes World 2024<\/a><\/span><span style=\"font-weight:400;\">, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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":"<p>Good news for Gulftainer | Decarbonizing container handling equipment | Hydrogen fuel trucks are picking up steam | Galaxy Leader saga continues<\/p>\n","protected":false},"featured_media":75015,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75014","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0d9c9683-b4b9-4846-b7ce-9d1297b37bbb","teaser":"Good news for Gulftainer | Decarbonizing container handling equipment | Hydrogen fuel 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