{"id":75047,"date":"2023-11-22T07:15:00","date_gmt":"2023-11-22T07:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&p=75047"},"modified":"2025-12-15T13:43:28","modified_gmt":"2025-12-15T13:43:28","slug":"its-another-aviation-heavy-day","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/its-another-aviation-heavy-day\/","title":{"rendered":"It\u2019s another aviation-heavy day"},"content":{"rendered":"
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PSA-<\/strong>Saudi Arabia\u2019s Roads General Authority<\/a><\/strong> is reminding t<\/strong>rucks in the kingdom to comply with the required dimensions and <\/strong>weights<\/strong>, according to a statement<\/a>. The dimensions of the truck should be 23 meters long, 2.6 meters wide, and 4.8 meters high, with violators facing a fine of up to SAR 1k, the statement adds. As for load weight, trucks with two axles are allowed up to 21 tons, three axles up to 34 tons, four axles up to 42 tons, and five axles up to 45 tons. Trucks that exceed these limits face a 100 SAR fine for every extra 100 kg, with a maximum penalty of SAR 100k.<\/p>\n

<\/a> The <\/strong>seized commercial ship<\/a> Galaxy Leader is now in Yemen\u2019s Hodeidah port<\/strong>, Reuters<\/a> reports. Yemen's Houthis released footage on Monday showing armed men descending from a helicopter and hijacking the cargo ship in the southern Red Sea. The Bahamas-flagged Galaxy Leader's crew is made up of nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, Galaxy Maritime said. <\/p>\n

Two commercial ships diverted course away from the Red Sea following the <\/strong>hijacking<\/strong>, Reuters<\/a> reported, citing data from maritime security company Ambrey. Both vessels are connected to Ray Car Carriers, the shipping company whose vessel was seized. The diversion caused one of the vessels, the Hermes Leader, to suffer a four-day business disruption and to sail an additional 1.8k nautical miles. The other vessel, Glovis Star, drifted for a number of hours in the Red Sea before continuing its journey.<\/p>\n

<\/a> WATCH THIS SPACE- <\/strong>Iran + Pakistan are looking to establish joint freezones and trade <\/strong>centers<\/strong>, state-aligned Tasnim News Agency<\/a> reports. Tehran is also looking to enhance its exports to Pakistan through the Chabahar freezone. The countries are looking to increase their trade volume to USD 5 bn<\/a> from the current USD 2.5 bn. <\/p>\n

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HAPPENING THIS WEEK-<\/strong><\/p>\n

<\/a> SOUNDBITE OF THE WEEK-<\/strong>Current sustainable aviation fuel production represents \u201cless than 1% of demand<\/b>,\u201d despite a threefold y-o-y hike in production and usage of the fuels in 2023, International Air Transport Association (IATA)<\/a> Area Manager for the Gulf and Near East Khaled AlEisawi said in statements to Wam<\/a> on the sidelines of the ongoing International Civil Aviation Organisation\u2019s (ICAO)<\/a>Conference on Aviation and Alternative Fuels (CAAF\/3)<\/a> in Dubai, UAE.<\/p>\n

The mismatch is drawing investments to the field<\/strong>, with airlines purchasing all quantities of SAF that are on offer, Al Eissawi said. Government support is lacking, however, and SAF prices remain high, he added.<\/p>\n

SAF is key to achieving the sector\u2019s sustainability goals:<\/strong> Plans to reach zero emissions in aviation by 2050 depend on alternative fuels \u201cby more than 65%,\u201d the IATA official noted. The 77th IATA Annual General Meeting in Boston in October 2021 saw the passing of a resolution which commits member airlines to net-zero emissions by 2050. <\/p>\n

The first GCC-Egyptian Business Forum kicks off today and wraps tomorrow in Cairo, Egypt<\/span>, 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

The GCC\u2019s first annual data center industry conference,<\/strong>Touchdown Middle East<\/a><\/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

The <\/strong>Intermobility Expo 2023<\/a><\/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

The <\/strong>Arab International Aluminium Conference and Exhibition 2023<\/a><\/strong> (ARABAL) <\/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

MARKET WATCH-<\/strong><\/p>\n

The global oil market is set to experience a modest surplus in supply in 2024<\/strong>despite OPEC+ countries extending their cuts into next year, according to head of the International Energy Agency (IEA) Toril Bosoni, Reuters<\/a> reports. The oil market is, however, at a current deficit and stocks are declining rapidly, Bosoni added. OPEC+ will discuss additional oil supply cuts later this month, following a 16% fall in price since September. <\/p>\n

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HELP SUPPORT GAZANS-<\/strong><\/p>\n

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

#1- Egyptian Red Crescent Society<\/strong> is one of Egypt's leading providers of humanitarian and emergency medical services. The Egypt Red Crescent 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

#2- The Emirates Red Crescent Authority<\/strong> has launched the Tarahum \u2014 For Gaza campaign and is <\/a>accepting donations online<\/a> via What\u2019s App, SMS, Apple Pay, credit card, or bank transfer to ADIB (AE370500000000020000417).<\/p>\n

#3-<\/strong>The King Salman Humanitarian Aid and Relief Center<\/strong> has launched the <\/a>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

#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 here<\/a>.<\/p>\n

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

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

The <\/strong>Aviation and Alternative Fuels conference<\/a><\/strong> kicked off earlier this week <\/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

Antwerp XL<\/a><\/strong> will take place on 28-30 November at Antwerp Expo <\/strong>Hall<\/strong> 4 in Antwerp, <\/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.<\/span><\/p>\n

The third Caspian Economic Forum will be held in mid-November in Iran<\/strong>, state-owned 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

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 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

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\t<\/div>\n\n\t\n<\/article>\n\n\n

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Tags:<\/div>\n
\n AVIATION<\/a>\n \n Iran<\/a>\n \n Saudi Arabia<\/a>\n \n SHIPPING + MARITIME<\/a>\n \n trade<\/a>\n \n trucking<\/a>\n \n WHAT WE\u2019RE TRACKING TODAY<\/a>\n \n <\/div>\n <\/div>\n <\/div>\r\n <\/div> \r\n \n \n\n <\/div>\n<\/div>\n<\/section>\n
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