{"id":75731,"date":"2023-12-25T07:15:00","date_gmt":"2023-12-25T07:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=75731"},"modified":"2025-12-15T13:54:36","modified_gmt":"2025-12-15T13:54:36","slug":"freight-rates-are-soaring-amid-tensions-in-the-red-sea","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/freight-rates-are-soaring-amid-tensions-in-the-red-sea\/","title":{"rendered":"Freight rates are soaring amid tensions in the Red Sea"},"content":{"rendered":"<section id=\"75733\" 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=\"75733\">\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\/12\/25\/today-more-g7-price-cap-related-sanctions-iran-to-ink-eaeu-trade-agreement\/\">\r\n                            TODAY: More G7 price cap-related sanctions + Iran to ink EAEU trade agreement                        <\/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\/12\/25\/today-more-g7-price-cap-related-sanctions-iran-to-ink-eaeu-trade-agreement\/\" 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            <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75734\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/today-more-g7-price-cap-related-sanctions-iran-to-ink-eaeu-trade-agreement\/1594-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1594.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75733\" class=\"content-area-description single-story post-75733 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-iran tag-oil tag-russia tag-trade 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\/12\/.6d22d9bd-f55b-47c2-a6c0-6a2bf0168fb1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people, and merry christmas to everyone celebrating. <\/strong>We have a relatively busy issue for you this morning, as the global trade sector continues to reel from the impacts of Houthi attacks in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not all bad, though:<\/strong> In more positive news for trade in the region, we have news of tons of investments in shipping, economic zones, and the aviation sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><strong>continues to be the impacts of the attacks in the Red Sea strait<\/strong>, with most global shipping firms hiking freight rates and adding fees over the weekend to make up for rising costs associated with rerouting vessels away from the Red Sea. We have everything on this and more in the news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have everything on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- Partial road closures in Abu Dhabi: <\/strong>Abu Dhabi\u2019s Integrated Transport Center (ITC) announced that Mohammed Bin Khalifa street in Al Ain will witness partial closures until Saturday 30 Decemeber, and Al Saada Bridge in Abu Dhabi will witness partial closures until Sunday 31 December, the ITC said on X <a target=\"_blank\" href=\"https:\/\/twitter.com\/ITCAbuDhabi\/status\/1738236221740957977\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/twitter.com\/ITCAbuDhabi\/status\/1737808333241720965\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>US slaps new san<\/strong><strong>ctions on entities violating Russian oil price cap:<\/strong> The US Department of Treasury Office of Foreign Assets Control (OFAC) has issued a new set of sanctions targeting a Russian-owned ship manager and three oil traders, according to an <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy2008\" style=\"\" rel=\"noopener\">OFAC statement<\/a>. The sanctions take aim at UAE-based Sun Ship Management, a subsidiary of Russia\u2019s state-owned fleet operator Sovcomflot, and three \u201cunder-the-radar\u201d companies engaged in the trade of Russian oil, including Hong Kong-based Bellatrix Energy and Covart Energy, and UAE-based Voliton DMCC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OFAC also tightened the rules and updated guidance for price cap sanctions,<\/strong> giving potential violators less leeway to maneuver, and inline with what was noted in a recent <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/12\/06\/g7-leaders-statement-6\/\" style=\"\" rel=\"noopener\">G7 statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Other UAE-based firms were also slapped with US sanctions for violating the price cap <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dd8156d5-47d9-4a1a-afd5-11dc601de16b\" style=\"\" rel=\"noopener\">back in October<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9fc14958-2123-4f34-862b-e5dd7f248f00\" style=\"\" rel=\"noopener\">Last week<\/a> saw the EU enforce its 12th package of sanctions against Russia, with many of those policies also targeting Russia\u2019s energy exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY<\/strong><strong>-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Iran is expected to ink a trade agreement with the Russian-led Eurasian <\/strong><strong>Economic Union (EAEU)<\/strong>,reports <a target=\"_blank\" href=\"https:\/\/www.presstv.ir\/Detail\/2023\/12\/21\/716748\/Iran-Eurasian-EAEU-major-partners-free-trade\" style=\"\" rel=\"noopener\">PressTV<\/a>. Trade Minister of the Russian-led Eurasian Economic Union (EAEU) Andrey Slepnev met with Iran\u2019s Ambassador to Russia Kazem Jalali ahead of the upcoming agreement, and said that Iran is expected to become \u201cone of the most important trade partners of the Eurasian Economic Union,\u201d <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85328755\/Iran-to-become-major-trade-partner-for-EAEU\" style=\"\" rel=\"noopener\">IRNA<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The agreement, for which Armenia\u2019s cabinet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2a0deaa5-0738-41c7-b344-8e8768094138\" style=\"\" rel=\"noopener\">gave<\/a> its approval last week, would lift custom tariffs for around 96% of Iranian goods exported to Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. The agreement comes at a time when both Iran and Russia are facing heavy Western sanctions.<\/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;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 UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/duphat.ae\/\" style=\"\" rel=\"noopener\">The Dubai International Pharma and Technologies Conference and Exhibition<\/a><\/strong><strong> from Tuesday, <\/strong><strong>9 January through to Thursday, 11 January <\/strong>in Dubai.The event will bring together the entire pharma value chain, from suppliers, manufacturers, distributors to pharmacists.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.transportevents.com\/product\/transport-middle-east-2024\/\" style=\"\" rel=\"noopener\">Transport Middle East<\/a><\/strong><strong> from Tuesday, 23 January through to Thursday, 25 January<\/strong> in Abu Dhabi. The event will see more than 30 speakers come together to tackle the current challenges in global transportation and logistics. <\/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\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\/iran\/\">Iran<\/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\" 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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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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=\"75736\" 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                            \"\r\n            id=\"75736\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/red-sea-troubles-paint-a-bleak-picture-for-global-trade\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1579.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75737\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/red-sea-troubles-paint-a-bleak-picture-for-global-trade\/1579-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1579.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1579.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1579.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1579.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75736\" class=\"content-area-description single-story post-75736 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized 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\/12\/.b1029565-f847-4758-a958-2703e3142bbf.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global shipping costs are <\/strong><strong>rising steeply amid heightened tensions in the Red Sea:<\/strong> Shipping companies have tacked on additional fees to cargo transported to and from the Middle East in a bid to offset rising costs associated with rerouting vessels to avoid the Red Sea, where Houthi hijackings and attacks on container ships transiting through the Red Sea strait continue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><a target=\"_blank\" href=\"https:\/\/logistics.enterprise.news\/search?searchValue=DISRUPTION%20WATCH&amp;searchTag=DISRUPTION%20WATCH\" style=\"\" rel=\"noopener\">Last week<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9fc14958-2123-4f34-862b-e5dd7f248f00\" style=\"\" rel=\"noopener\">a host of shipping companies<\/a>, including Ocean Network Express, Hapag Lloyd, Evergreen, BP and Maesrk, began rerouting their vessels around the Cape of Good Hope, Africa.&nbsp;&nbsp;<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prices are soaring up to 300%:<\/strong> Logistics managers were quoted USD 10k per 40-foot container from Shanghai to the UK, compared to rates of around USD 2.4k the week before, sources told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/12\/21\/container-prices-hit-10000-freight-inflation-soars-in-red-sea-chaos.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. Certain trade lanes could see freight rates going up between \u201c100% to 300%,\u201d CEO of OL USA Alan Baer told the news outlet. Truck rate quotes in the Middle East are also doubling, according to CNBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SHIPPING FIRMS ARE ADDING MORE FEES- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Hapag-Lloyd will be introducing USD 250-1k surcharges for cargo transported<\/strong><strong> between Asia and Oceania and the Middle East as of the start of January <\/strong>and until further notice, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hapag-lloyd-announces-extra-fees-red-sea-attacks-hit-trade-2023-12-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. This follows the company\u2019s plans to <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2023\/12\/here-s-a-live-ticker-on-the-red-sea-and-suez-canal-situation.html\" style=\"\" rel=\"noopener\">reroute<\/a> 25 ships to avoid the area, amidst the \u201cuncertain situation in the Red Sea,\u201d by the end of the year, a Hapag-Lloyd spokesperson told Reuters. Containers traveling to the Red Sea region from Asia and Oceania will receive a peak seasonal surcharge and an operational recovery surcharge, effective 1 January until further notice. Surcharges will also apply to cargo traveling between India and the Middle East to North America, effective 22 January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Maersk to impose extra charges on container transport from Asia:<\/strong> Danish shipping company Maersk will impose additional fees of some USD 200-2k per container, including an immediate transit disruption surcharge and peak season surcharge, which will cover extra costs associated with rerouting vessels away from the Suez Canal and around the Cape of Good Hope, effective 1 January, according to a <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/12\/21\/announcement-of-charges-in-relation-to-red-sea-gulf-of-aden-situation-from-far-east-asia\" style=\"\" rel=\"noopener\">statement<\/a>. Surcharges will be applied to containers traveling from Far East Asia to Northern Europe, the Mediterranean, and North American East Coast. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>But it might not last long:&nbsp;<\/b><span style=\"background-color: transparent;\">The world\u2019s second-largest shipping line, is&nbsp;<\/span><a href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/12\/15\/maersk-operations-through-red-sea-gulf-of-aden%5C\" target=\"_blank\" rel=\"noopener\">gearing up<\/a><span style=\"background-color: transparent;\">&nbsp;to resume operations in the Red Sea after the US-led naval coalition promised to patrol the Red Sea. \u201cWith the initiative in operation, we are preparing to allow for vessels to resume transit through the Red Sea both eastbound and westbound,\u201d the shipping giant said in a statement, adding that this will happen \u201cas soon as operationally possible.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- French shipping and logistics company CMA CGM also announced surcharge rates,<\/strong>to be implemented on North Europe to Asia routes, at an additional USD 325 per 20-foot container, and Asia to Mediterranean, at an extra USD 500 per 20-foot container, according to a <a target=\"_blank\" href=\"https:\/\/www.cma-cgm.com\/news\/4534\/cma-cgm-operations-in-the-red-sea-red-sea-charge-announcement\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BY THE NUMBERS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The number of vessels transiting the Red Sea has dropped 40% <\/strong><strong>over the <\/strong><strong>past week<\/strong>, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/red-sea-yemen-houthis-attack-ships-f67d941c260528ac40315ecab4c34ca3\" style=\"\" rel=\"noopener\">Associated Press<\/a> reports, citing ship monitoring platform Project44. Around 25%-30% of global container shipping volumes pass through the Suez Canal per day, according to <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/higher-shipping-freight-rates-to-offset-costs-of-re-routing-from-suez-21-12-2023\" style=\"\" rel=\"noopener\">Fitch<\/a>. Effective global container shipping capacity could be reduced by 10-15%, as the trip around Africa will increase travel time from Asia to Europe by 50%, Fitch calculates. Swiss logistics firm Kuehne + Nagel has tracked 313 vessels \u2014 carrying some 4.2 mn containers \u2014 that have been impacted by the security situation in the Red Sea, according to a <a target=\"_blank\" href=\"https:\/\/mykn.kuehne-nagel.com\/news\/article\/red-sea-diverted-vessels-22-december-2023-par-22-Dec-2023\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian LNG prices hit a four-month low despite supply concerns<\/strong> amid weak demand, <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/global-lng-asia-lng-prices-hit-4-month-low-despite-supply-geopolitical-concerns#:~:text=LONDON%2C%20Dec%2022%20(Reuters),Houthi%20group%20on%20commercial%20ships.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Average LNG prices for February delivery into Northern Asia fell 6%, to USD 11.9 per mn British thermal units, its lowest level since August 2023. Spot LNG freight rates also fell sharply this week, with Atlantic rates dropping by 28% w-o-w, to USD 96.5k a day on Friday. Pacific rates similarly declined by 26% w-o-w, to USD 76.5k per day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Activity drops in Israel\u2019s Eilat Port:<\/strong> Eilat Port, Israel\u2019s gateway for receiving shipments from the East without traveling through the Suez Canal, has witnessed a 85% drop in activity, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israels-eilat-port-sees-85-drop-activity-amid-red-sea-houthi-attacks-2023-12-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>COMPANIES ARE EXPECTING SUPPLY CHAIN DISRUPTIONS- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geely + Ikea warn of supply chain disruptions:<\/strong> Chinese automaker Geely and Ikea have warned of delays in deliveries and potential impacts on availability of certain products, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/chinas-geely-warns-red-sea-attacks-delay-europe-bound-ev-shipments-2023-12-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/12\/21\/container-prices-hit-10000-freight-inflation-soars-in-red-sea-chaos.html\" style=\"\" rel=\"noopener\">CNBC<\/a> report. Geely predicts a shortage of vessels in the second-half of January and an estimated five-fold rise in shipping costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some exporters are looking to air freight to get around Red Sea disruptions: <\/strong>Exporters are exploring alternative air, land, and sea routes as shake ups in global supply chains continue on the back of Houthi-led attacks on shipping in the Red Sea, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/exporters-explore-air-freight-options-red-sea-chaos-deepens-2023-12-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. German freight forwarder <a target=\"_blank\" href=\"https:\/\/www.hellmann.com\/en\" style=\"\" rel=\"noopener\">Hellmann Worldwide Logistics<\/a> has seen a surge in demand for multimodal routes, whereby shipments are transported by sea to Dubai before being loaded onto planes. \u201cThis alternative route allows customers to avoid the danger zone in the Red Sea and the long voyage around the southern tip of Africa,\u201d Hellman\u2019s airfreight COO Kleine-Lasthues told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The workaround is expensive:<\/strong> Air freight is 5 to 15 times more expensive than moving goods by sea, SEKO Logistics CCO Brian Bourke told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And African ports are getting too busy:<\/strong> Vessels rerouting around Africa are facing limited choices for berthing and replenishment, logistics and supply chain consultant Alessio Lencioni told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/ships-rerouted-by-red-sea-crisis-face-overwhelmed-african-ports-2023-12-22\/#:~:text=CAPE%20TOWN%2C%20Dec%2022%20(Reuters,facilities%2C%20companies%20and%20analysts%20say.\" style=\"\" rel=\"noopener\">Reuters<\/a>. Other major ports along the Cape route, including Port Mombasa in Kenya and Port Dar es Salaam in Tanzania, are too ill-equipped to handle the expected large volume of traffic, Lencioni relayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>POTENTIAL SOLUTIONS?-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new US-led coalition is like <\/strong><strong>highway patrol, not Gangbusters.<\/strong>A US-led naval coalition will patrol \u201cthe Red Sea and the Gulf of Aden to respond to, and assist as necessary, commercial vessels,\u201d but it won\u2019t escort individual vessels, Pentagon spokesperson Maj. Gen. Pat Ryder told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-22\/us-says-red-sea-highway-patrol-able-to-thwart-houthi-attacks?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Friday. The coalition, announced last week, now includes 20 countries, with Greece and Australia also joining the group on Thursday, Reuters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-red-sea-taskforce-gets-limited-backing-some-allies-2023-12-20\/\" style=\"\" rel=\"noopener\">reports<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geography around the Red Sea will give it an advantage:<\/strong> Due to the Red Sea strait\u2019s geography, there will typically be distance of dozens of miles between a launch point and a target, allowing for multiple opportunities for interception and \u201ca decent chance to offer good protection,\u201d says Brooking Institution Philip H Knight Chair in Defence and Strategy, Micheal O\u2019Hanlon in an interview with CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2023\/12\/22\/geography-around-red-sea-will-give-u-s-led-coalition-an-advantage-brookings-michael-oahanlon.html\" style=\"\" rel=\"noopener\">watch, runtime: 5:20<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and Saudi Arabia are not participating in the coalition<\/strong>, though Foreign Minister Sameh Shoukry said last week that countries bordering the Red Sea bear the responsibility of protecting freedom of navigation. \u201cWe have been cooperating with many of our partners to provide the appropriate conditions for this,\u201d Shoukry added, speaking at a <a target=\"_blank\" href=\"https:\/\/twitter.com\/MfaEgypt\/status\/1737774431953383646?s=20\" style=\"\" rel=\"noopener\">press conference<\/a> with his UK counterpart David Cameron.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and Jordan agree to operate new maritime route<\/strong><strong>:<\/strong> The two countries are inaugurating the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f6e14d3b-18ba-4df4-8884-adf1630503c9\" style=\"\" rel=\"noopener\">Arab trade route<\/a> connecting land and sea transportation between Aqaba and Egyptian Ports overlooking the Mediterranean Sea, <a target=\"_blank\" href=\"https:\/\/en.royanews.tv\/news\/47763\/Jordan,%20Egypt%20agree%20to%20operate%20new%20maritime%20route\" style=\"\" rel=\"noopener\">Roya News<\/a> reports, citing statements from General Manager of the Arab Bridge Maritime Company Adnan Al Abadleh. The new route will link ports in Egypt, including Alexandria, Port Said and Damietta, with Jordanian ports, and has met all necessary international and technical requirements for operation, Al Abadleh said. A portion of the trade from northern KSA and eastern Iraq will also be redirected towards the new route. Further information regarding operational details of the route have not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iraqi ports step up to provide a transport alternative:<\/strong> Iraq\u2019s Port Umm Qasr is also preparing to receive an influx of containers, in efforts to provide a secure transport route for international trade, according to a <a target=\"_blank\" href=\"https:\/\/rb.gy\/zf41rw\" style=\"\" rel=\"noopener\">statement<\/a> by Iraqi Ports General Company General Managers Farhan Al Fartousi. Goods would flow through Iraq and enter Europe through Turkey\u2019s Mersin Port.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ATTACKS HAVEN\u2019T STOPPED-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vessel hijacked near Eyl, Somalia:<\/strong> A dhow trading vessel was hijacked near the coast of Somalia on Friday, a United Kingdom Maritime Trade Operations said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/UK_MTO\/status\/1738206706172121216?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1738206706172121216%7Ctwgr%5Ea0c398064e10bee347685e5335ea24273d6704ab%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.arabnews.com%2Fnode%2F2430501%2Fworld\" style=\"\" rel=\"noopener\">statement<\/a>. Details concerning the vessel ownership, name or the affiliation of the hijackers, have not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tanker ship off India hit by attack drone: <\/strong>A Japanese-owned chemical tanker, dubbed MV Chem Pluto, flying under a Liberian flag and operated by a Dutch entity, was struck by a drone off the coast of India on Saturday, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/u-s-says-iran-drone-struck-an-oil-tanker-near-india-db4a1233\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports. The chemical tanker was Israel-affiliated and on its way from Saudi Arabia to India. The vessel is traveling towards its destination despite the disruption, as no casualties were caused on board and a fire caused by the incident was extinguished. The US claims that the drone was \u201cfired from Iran,\u201d a Pentagon spokesperson told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/pentagon-says-iranian-drone-attack-hit-chemical-tanker-near-india-2023-12-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US shot down four drones apparently aimed at an American destroyer in the southern Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/drone-explodes-near-vessel-bab-al-mandab-crew-reported-safe-ukmto-2023-12-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported overnight, saying the drones were launched from Houthi-controlled areas of Yemen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RISING TENSIONS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is pointing fingers:<\/strong> The White House has declassified intelligence information that it says shows Yemen\u2019s Houthis rely on Iranian-provided monitoring systems to launch attacks on ships, National Security Council spokesperson Adrienne Watson told <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/12\/22\/politics\/us-intelligence-iran-houthi-rebels-attacks-red-sea\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>. \u201cIran has the choice to provide or withhold this support, without which the Houthis would struggle to effectively track and strike commercial vessels navigating shipping lanes through the Red Sea and Gulf of Aden,\u201d Watson added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran dismisses US claims:<\/strong> The Houthis are acting on their own, says Iran\u2019s Foreign Minister, Hossein Amirabdollahian, who dismissed US accusations of Tehran\u2019s involvement in Houthi attacks on commercial ships as \u201cbaseless,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-23\/iran-calls-intelligence-tying-it-to-red-sea-attacks-baseless\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran is threatening to close the Mediterranean, the strait of Gibraltar<\/strong><strong>, and other waterways <\/strong>if Israel and the US do not stop their \u201ccrimes\u201d in Gaza, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/iran-threatens-mediterranean-closure-over-gaza-without-saying-how-2023-12-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Iranian Revolutionary Guards Gen. Mohammad Reza Naqdi. Naqdi didn\u2019t say how Iran could close the Med, but warned the country has \u201cnew powers of resistance.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75738\" 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=\"75738\">\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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/\">\r\n                            Damietta Port lines up USD 445 mn for second container terminal                        <\/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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/\" 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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/')\">\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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/\">\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=Damietta Port lines up USD 445 mn for second container terminal&url=https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/\">\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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/&title=Damietta Port lines up USD 445 mn for second container terminal\">\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=Damietta+Port+lines+up+USD+445+mn+for+second+container+terminal+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Fdamietta-port-lines-up-usd-445-mn-for-second-container-terminal%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\/12\/25\/damietta-port-lines-up-usd-445-mn-for-second-container-terminal\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75738\" class=\"content-area-description single-story post-75738 post type-post status-publish format-standard hentry category-shipping-maritime tag-damietta-port tag-egypt tag-ports 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\/12\/.741e4bb4-ed92-44f8-a55f-9d56aac7fffa.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EBRD-led international consortium mobilizes USD 445 mn for developments at Damietta Port: <\/strong>A <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\" style=\"\" rel=\"noopener\">European Ban<\/a><a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\" style=\"\" rel=\"noopener\">k for Reconstruction and Development<\/a> (EBRD)-led consortium will provide a USD 445 mn finance package to <a target=\"_blank\" href=\"https:\/\/www.damiettaalliance.com\/\" style=\"\" rel=\"noopener\">Damietta Alliance Container Terminals<\/a> to develop the superstructure of a second container terminal at Damietta Port, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2023\/international-consortium-backs-damietta-port-in-egypt.html\" style=\"\" rel=\"noopener\">press release<\/a>. The investment is earmarked to help triple the port\u2019s capacity and boost competitiveness, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The funding package comprises USD 125 mn from the EBRD, USD 120 mn from the <a target=\"_blank\" href=\"https:\/\/www.ifc.org\/en\/home\" style=\"\" rel=\"noopener\">International Finance Corporation<\/a> (IFC), USD 100 mn from the <a target=\"_blank\" href=\"https:\/\/www.aiib.org\/en\/index.html\" style=\"\" rel=\"noopener\">Asian Infrastructure Investment Bank<\/a> (AIIB), USD 60 mn from <a target=\"_blank\" href=\"https:\/\/www.edfi.eu\/member\/deg\/\" style=\"\" rel=\"noopener\">German development finance institution DEG<\/a>, and USD 50 mn from French sustainable development fund <a target=\"_blank\" href=\"https:\/\/www.proparco.fr\/en\" style=\"\" rel=\"noopener\">Proparco<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the operation:<\/strong> A consortium of Hapag-lloyd, MELC Group, Eurogate Terminals, Contship Italia, and Ship & Crew have established a special purpose vehicle, the Damietta Alliance Container Terminals (DACT). DACT will manage and operate Damietta Port\u2019s second container terminal under a 30-year concession, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funding the project:<\/strong> Our friends at HSBC Egypt acted as the agent bank for the international lenders that will provide <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4278776a-0cae-4593-86f5-b392cf4a0637\" style=\"\" rel=\"noopener\">a USD 455 mn<\/a> financing package for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2355832f-c95b-4862-98dc-bf706d99e5ac\" style=\"\" rel=\"noopener\">SPV inked a 30-year concession agreement<\/a> with Damietta Port Authority last year to develop, operate, and manage the facility, which is supposed to have a final capacity of 3.3 mn TEUs, boosting Damietta Port\u2019s total <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2355832f-c95b-4862-98dc-bf706d99e5ac\" style=\"\" rel=\"noopener\">capacity to 4.7 mn TEUs<\/a> by its third year of operation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER SHIPPING + MARITIME NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mawani inks contracts worth SA<\/strong><strong>R 1 bn with local firms to boost <\/strong><strong>maritime services: <\/strong><a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/\" style=\"\" rel=\"noopener\">Saudi Ports Authority (Mawani)<\/a> has signed four contracts worth some SAR 1 bn with two local outfits \u2014 <a target=\"_blank\" href=\"https:\/\/www.zamiloffshore.com\/\" style=\"\" rel=\"noopener\">Zamil Marine Services<\/a> and <a target=\"_blank\" href=\"https:\/\/www.naghimarine.com\/\" style=\"\" rel=\"noopener\">Naghi Marine<\/a> \u2014 to provide marine services at eight of the Kingdom\u2019s ports, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=241223\" style=\"\" rel=\"noopener\">press release<\/a>. The contracts were inked by Mawani in partnership with the <a target=\"_blank\" href=\"https:\/\/mot.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Ministry of Transport and Logistic Services<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.ncp.gov.sa\/\" style=\"\" rel=\"noopener\">National Center for Privatization<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown: <\/strong>Zamile Marine will provide services at Jeddah Islamic Port, Jazan Port, Ras Al Khair Port, King Fahd Industrial Port in Jubail, and Jubail Commercial Port, while Naghi Marine will be responsible for servicing King Abdulaziz Port in Dammam, Yanbu Commercial Port, and the King Fahd Industrial Port in Yanbu, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investments include 44 new vessels:<\/strong> The contracts lay out 27 new tugboats and 17 additional maritime units for KSA\u2019s marine services sector. The new vessels are expected to boost towing duration performance by 45% across the eight ports mentioned, an important performance indicator for ports, the statement said. The breakdown on ownership of the new vessels was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more:<\/strong> The investments also look to boost the companies\u2019 capabilities in a range of maritime services, including towing and guidance operations, mooring in the hook area, berthing, diving, rescue, pollution and firefighting, crew and sailors transportation, bunkering, and tug and marine units maintenance, the statement also said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/damietta-port\/\">Damietta port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/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=\"75740 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=\"75740\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/75740\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75740\" class=\"content-area-description single-story post-75740 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\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75741\" 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=\"75741\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/flynas-lines-up-2024-ipo\/\">\r\n                            Flynas lines up 2024 IPO                        <\/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     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    <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Flynas+lines+up+2024+IPO+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Fflynas-lines-up-2024-ipo%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\/12\/25\/flynas-lines-up-2024-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1549.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75742\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/flynas-lines-up-2024-ipo\/1549-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1549.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1549.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1549.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1549.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75741\" class=\"content-area-description single-story post-75741 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-aviation tag-ipo-watch tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.e9f5e094-7f9a-45a3-bb90-2cbdc3ecc862.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Flynas looks to IPO next year<\/strong>: Saudi low cost carrier <a target=\"_blank\" href=\"https:\/\/www.flynas.com\/en\" style=\"\" rel=\"noopener\">Flynas<\/a> has hired Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for an upcoming IPO, with plans to go public as soon as next year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-20\/billionaire-backed-flynas-taps-goldman-morgan-stanley-for-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF has been eyeing a stake in the budget carrier:<\/strong>Saudi sovereign wealth <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/Pages\/Homepage.aspx\" style=\"\" rel=\"noopener\">Public Investment Fund<\/a> was in talks to buy a stake in the airline in April, Bloomberg had reported <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-27\/saudi-wealth-fund-is-said-to-eye-flynas-stake-to-bolster-tourism\" style=\"\" rel=\"noopener\">separately<\/a>, after <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-22\/saudi-arabia-buys-1-5-billion-stake-in-prince-alwaleed-s-firm\" style=\"\" rel=\"noopener\">nabbing a 17% stake<\/a> last year in <a target=\"_blank\" href=\"https:\/\/kingdom.com.sa\/\" style=\"\" rel=\"noopener\">Kingdom Holding<\/a> which is a part owner of the carrier. Flynas is set to benefit from the Kingdom\u2019s drive to boost its aviation and tourism sectors, Bloomberg said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A share sale has been on the cards for a while:<\/strong>The airline also hired Morgan Stanley, Citigroup and NBC Capital years ago for a potential share sale in 2018, Bloomberg News <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-14\/saudi-airline-flynas-said-to-hire-citi-morgan-stanley-for-ipo\" style=\"\" rel=\"noopener\">reported<\/a> at the time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA\u2019s logistics sector saw a major IPO earlier this year:<\/strong><strong><a target=\"_blank\" href=\"https:\/\/sal.sa\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><a target=\"_blank\" href=\"https:\/\/sal.sa\/\" style=\"\" rel=\"noopener\">SAL Sa<\/a><a target=\"_blank\" href=\"https:\/\/sal.sa\/\" style=\"\" rel=\"noopener\">udi Logistics Services<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2bd422c5-2da8-497a-b820-85f58126444d\" style=\"\" rel=\"noopener\">raised USD 678 mn in an IPO<\/a> in November after stakeholders <a target=\"_blank\" href=\"https:\/\/www.saudia.com\/\" style=\"\" rel=\"noopener\">Saudia<\/a><a target=\"_blank\" href=\"https:\/\/www.saudia.com\/\" style=\"\" rel=\"noopener\">Airlines<\/a> and <a target=\"_blank\" href=\"https:\/\/www.tarabot.com\/\" style=\"\" rel=\"noopener\">Tarabot Air Cargo Services<\/a> jointly listed a 30% stake of the company on Saudi exchange Tadawul.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75743\" 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=\"75743\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/pif-to-invest-in-saudia-technic\/\">\r\n                            PIF to invest in Saudia Technic                        <\/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\/12\/25\/pif-to-invest-in-saudia-technic\/\" 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\/12\/25\/pif-to-invest-in-saudia-technic\/')\">\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\/12\/25\/pif-to-invest-in-saudia-technic\/\">\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=PIF to invest in Saudia Technic&url=https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/pif-to-invest-in-saudia-technic\/\">\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\/12\/25\/pif-to-invest-in-saudia-technic\/&title=PIF to invest in Saudia Technic\">\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=PIF+to+invest+in+Saudia+Technic+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Fpif-to-invest-in-saudia-technic%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\/12\/25\/pif-to-invest-in-saudia-technic\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75743\" class=\"content-area-description single-story post-75743 post type-post status-publish format-standard hentry category-investment-watch tag-aviation tag-investment-watch tag-pif tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.b336adda-919b-4dff-a092-40cafdd464e7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF <\/strong><strong>to help Saudia Technic develop Jeddah MRO village:<\/strong> Saudi sovereign wealth <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/pages\/homepage.aspx\" style=\"\" rel=\"noopener\">Public<\/a><a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/pages\/homepage.aspx\" style=\"\" rel=\"noopener\">Investment Fund (PIF)<\/a> has signed an agreement to invest in <a target=\"_blank\" href=\"https:\/\/www.saudia.com\/en-SA\" style=\"\" rel=\"noopener\">Saudia Group<\/a> subsidiary and aviation maintenance, repair, and overhaul (MRO) outfit <a target=\"_blank\" href=\"https:\/\/www.saudiatechnic.com\/\" style=\"\" rel=\"noopener\">Saudia Technic<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/Pages\/NewsDetails.aspx?NewsId-272\/PIF-Invests-in-Saudia-Technic-to-Establish-a-National-MRO-Champion-in-the-Aviation-Sector-\" style=\"\" rel=\"noopener\">press release<\/a>. PIF\u2019s investments will support the development of a 1 mn sqm MRO village in Jeddah, the statement said. The value of the transaction was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The planned 1 mn sqm MRO village in Jeddah will include an advanced jet propulsion center, boosted hangar capacity, and component shops that are slated to yield scale and efficiency benefits in the line, base, engine, and component segments. The facility will also see the construction and operationalization of a new engine test cell that can service next generation narrow and wide-body aircraft engines, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>The investment represents a move by PIF to unlock potential and \u201clocalize expertise\u201d in the fast growing MRO sector, Co-Head of MENA direct investments at PIF Raid Ismail said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF has been doubling down on investments in KSA\u2019s aviation sector: <\/strong>These have included <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2f275ac7-c81b-4c3f-821f-546f3f9ba65c\" style=\"\" rel=\"noopener\">plans for the world\u2019s largest airport<\/a> \u2014 King Salman International Airport \u2014 which is slated to host 120 mn passengers a year by 2030, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/89a13be7-5a5a-49af-9941-9f1f14fff73c\" style=\"\" rel=\"noopener\">the establishment of Riyadh Air<\/a>, a wholly PIF-owned carrier, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/13b154dc-868b-4f16-9932-d182d141c47f\" style=\"\" rel=\"noopener\">a move to bolster the fleet<\/a> of PIF-owned aircraft lessor <a target=\"_blank\" href=\"https:\/\/avilease.com\/\" style=\"\" rel=\"noopener\">AviLease<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"75745\" 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=\"75745\">\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\">Shipping + Maritime<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/\">\r\n                            Iranian private firms to develop Imam Khomeini Port Special Economic Zone                        <\/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\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/\" 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\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/')\">\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\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/\">\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=Iranian private firms to develop Imam Khomeini Port Special Economic Zone&url=https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/\">\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\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/&title=Iranian private firms to develop Imam Khomeini Port Special Economic Zone\">\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=Iranian+private+firms+to+develop+Imam+Khomeini+Port+Special+Economic+Zone+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Firanian-private-firms-to-develop-imam-khomeini-port-special-economic-zone%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\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1592.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75746\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/iranian-private-firms-to-develop-imam-khomeini-port-special-economic-zone\/1592-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1592.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1592.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1592.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1592.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75745\" class=\"content-area-description single-story post-75745 post type-post status-publish format-standard has-post-thumbnail hentry category-shipping-maritime tag-investment-watch tag-iran 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\/12\/.fe986dd6-d249-4b70-b928-bbea7a116bdd.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Iran taps local firms to develop port:<\/strong> Domestic companies have inked agreements worth some USD 180 mn to develop port infrastructure at Imam Khomeini Port Special Economic Zone (KPSEZ), <a target=\"_blank\" href=\"https:\/\/www.tehrantimes.com\/news\/492867\/Domestic-firms-ink-deals-worth-180m-to-invest-in-Imam-Khomeini\" style=\"\" rel=\"noopener\">Tehran Times<\/a> reported, citing statements by the head of the Ports and Maritime department of Southwestern Khuzestan province Abutaleb Gerailo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The investments include agreements worth USD 43 mn with four firms to boost loading and unloading capacity at the port. Another five contracts worth USD 140 mn are set to develop investment opportunities and further boost loading and unloading capacity at KPSEZ. Construction of a 40k cubic meters petroleum products storage tank, a light hydrocarbon production refinery, a gamma irradiation system, and petrochemical saltwater transmission lines are other projects which have been lined up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan:<\/strong> The upgrades look to develop commodity trading chains, create value-added services, streamline oil exports, and expand production at KPSEZ, Geralio said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government also wants to build four mechanized terminals for grains, container cargoes, and minerals<\/strong>, Gerailo said, without clarifying whether a portion of investments will be allocated to build the terminals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Imam Khomeini Port: <\/strong>Established in 1960 near Ahvaz in Iran\u2019s Khuzestan Province, the port is Iran\u2019s second largest after Shahid Rajaee Port in Southern Hormozgan Province.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"75747\" 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=\"75747\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/\">\r\n                            UAE + Mauritius finalize CEPA + Qatar eyes investments in Trans-Afghan railway project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/\" 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\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/')\">\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\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/\">\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=UAE + Mauritius finalize CEPA + Qatar eyes investments in Trans-Afghan railway project&url=https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/\">\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\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/&title=UAE + Mauritius finalize CEPA + Qatar eyes investments in Trans-Afghan railway project\">\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=UAE+%2B+Mauritius+finalize+CEPA+%2B+Qatar+eyes+investments+in+Trans-Afghan+railway+project+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Fuae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project%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\/12\/25\/uae-mauritius-finalize-cepa-qatar-eyes-investments-in-trans-afghan-railway-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75747\" class=\"content-area-description single-story post-75747 post type-post status-publish format-standard hentry category-diplomacy tag-afghanistan tag-diplomacy tag-projects tag-qatar tag-rail tag-trade tag-uae tag-uzbekistan 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\/12\/.9b5a35b7-afe4-4b94-a199-c3637243d148.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE and Mauritius inked a comprehensive economic partnership agreement <\/strong><strong>(CEPA)<\/strong>, marking the UAE's first such agreement with an African nation, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq9klv2-uae-mauritius-conclude-comprehensive-economic\" style=\"\" rel=\"noopener\">WAM<\/a> reports. The agreement aims to foster increased trade and investment flows, as well as enhance private-sector collaboration between the two nations. Non-oil bilateral trade between the UAE and Mauritius amounted to USD 63.1 mn in 1H 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar + Uzbekistan discuss cooperation in transport and logistics<\/strong><strong>:<\/strong> Qatari Emir Tamim bin Hamad Al Thani met with Uzbek President Shavkat Mirziyoyev to discuss expanding cooperation in transport and logistics, <a target=\"_blank\" href=\"https:\/\/en.trend.az\/casia\/uzbekistan\/3839464.html\" style=\"\" rel=\"noopener\">Trend<\/a> reports. Al Thani said he\u2019s ready to participate in the construction of the Trans-Afghan Railway project, <a target=\"_blank\" href=\"https:\/\/www.avapress.com\/en\/news\/282602\/qatar-s-readiness-to-help-uzbekistan-build-the-trans-afghan-railway-project\" style=\"\" rel=\"noopener\">AVA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Uzbekistan, Afghanistan, and Pakistan inked a roadmap for the construction of the Termez-Mazar-Sharif-Kabul-Peshawar railway in February 2021. Uzbekistan\u2019s authorities requested Qatar\u2019s assistance in completing the Trans-Afghan Railway project in October. The project, with an estimated cost of USD 5 bn, aims to develop a new transport corridor with a transit capacity of 20 mn tons of cargo per year, according to AVA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar and Ky<\/strong><strong>rgyzstan talk cooperation on transport + railways:<\/strong> A delegation from Qatar\u2019s transport ministry met with their Kyrgyz counterparts in Bishkek, Kyrgyzstan to discuss ways to boost cooperation on transportation and railways. (<a target=\"_blank\" href=\"https:\/\/bit.ly\/48vNjUh\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/afghanistan\/\">Afghanistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uzbekistan\/\">Uzbekistan<\/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=\"75749\" 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=\"75749\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/\">\r\n                            Milaha introduces new Asia-MENA shipping route + Asyad Shipping to add two LNG carriers to its fleet. PLUS: More aviation, zones, infrastructure, trade and shipping news                        <\/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\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/\" 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\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/')\">\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\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/\">\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=Milaha introduces new Asia-MENA shipping route + Asyad Shipping to add two LNG carriers to its fleet&url=https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/\">\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\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/&title=Milaha introduces new Asia-MENA shipping route + Asyad Shipping to add two LNG carriers to its fleet\">\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=Milaha+introduces+new+Asia-MENA+shipping+route+%2B+Asyad+Shipping+to+add+two+LNG+carriers+to+its+fleet+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F12%2F25%2Fmilaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet%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\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/987.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"75750\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/12\/25\/milaha-introduces-new-asia-mena-shipping-route-asyad-shipping-to-add-two-lng-carriers-to-its-fleet\/987-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/987.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"987.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/987.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/987.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75749\" class=\"content-area-description single-story post-75749 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-afcfta tag-also-on-our-radar tag-aviation tag-infrastructure tag-shipping-maritime tag-trade tag-zones wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.74bb8276-7036-49a3-af96-9b673b95d25f.mp3\"><\/audio><\/figure>\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>Milaha unveils new<\/strong><strong> multimodal service connecting India and China to the region:<\/strong>Doha-based maritime and logistics outfit Milaha is launching a new sea-land and sea-air door-to-door service for shipments from China and the Indian subcontinent to KSA and Jordan, with transshipment via UAE\u2019s Jebel Ali Port, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/48m8BDQ\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asyad Shipping to add two LNG carriers to its fleet by 2026<\/strong><strong>:<\/strong> Omani national shipping firm Asyad subsidiary <a target=\"_blank\" href=\"https:\/\/asyad.om\/fr\/marine\/freight\" style=\"\" rel=\"noopener\">Asyad Shipping<\/a> inked an agreement with Oman LNG for a long-term charter of two LNG carriers, <a target=\"_blank\" href=\"https:\/\/splash247.com\/omans-asyad-fixes-lng-carriers\/\" style=\"\" rel=\"noopener\">Splash<\/a> reports. Asyad will be chartering two 174k cu meter new builds from South Korean ship manufacturer <a target=\"_blank\" href=\"https:\/\/www.hshi.co.kr\/eng\/\" style=\"\" rel=\"noopener\">Hyundai Samho Heavy Industries<\/a>, for delivery by June 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea Gateway Terminal + Tunisia\u2019s OMMP ink MoU<\/strong><strong> to expand cooperation:<\/strong> Tunisia\u2019s Office of Merchant Marine and Port (OMMP) and Saudi company Red Sea Gateway Terminal have signed an MoU to exchange data and expertise in commercial port development, according to a <a target=\"_blank\" href=\"https:\/\/shorturl.at\/mzF16\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement also seeks to expand investment in ports and specialized logistics zones. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia has been making moves to modernize its ports: <\/strong>The OMMP ordered in November six azimuth stern drive tug boats to enhance its ship handling and towing capacity, according to a <a target=\"_blank\" href=\"https:\/\/www.medmarine.com.tr\/news-156-med-marine-and-ommp-signed-significant-contract-for-6-azimuth-stern-drive-tugs.html\" style=\"\" rel=\"noopener\">statement<\/a>. The order is being fulfilled by Turkish tugboat builder Med Marine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AVIATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran has unveiled<\/strong><strong> its first passenger aircraft manufacturing facility<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.presstv.ir\/Detail\/2023\/12\/19\/716678\/Iran-first-passenger-plane-manufacturing-factory\" style=\"\" rel=\"noopener\">PressTV<\/a> reported, citing an announcement by head of Iran's Civil Aviation Organization Mohammad Mohammadi-Bakhsh. The facility will manufacture Iran\u2019s first passenger jet, dubbed Simorgh, Mohammadi-Bakhsh said. Iran\u2019s aviation industry has been in a tough spot for years, as Western sanctions have curtailed the sector\u2019s abilities to acquire new aircraft and spare parts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman inks agreement <\/strong><strong>for Dibba-Khasab-Lima road link:<\/strong> Oman\u2019s Transport, Communications and Information Technology Ministry inked an agreement for the design and implementation of the Dibba-Khasab-Lima Road link project, the ministry said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/mtcitoman\/status\/1738855240022020278\" style=\"\" rel=\"noopener\">statement<\/a>, without specifying who was awarded the contract. The project plans to develop 11 bridges and 350 container points along the road, which will have 14 meter lanes going in each direction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ZONES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madayn inaugurates projects at Al Mazunah Freezone<\/strong><strong>:<\/strong> Oman\u2019s Public Establishment for Industrial Estates, <a target=\"_blank\" href=\"https:\/\/www.madayn.om\/EN\/pages\/home.aspx\" style=\"\" rel=\"noopener\">Madayn<\/a>, launched two RO 9.5 mn projects at Al Mazunah freezone, <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/en\/80\/show\/115324\" style=\"\" rel=\"noopener\">ONA<\/a> reports. The projects include an advanced security and surveillance system to protect transported goods, a system to monitor truck movements, and a building dedicated to truck driver rest facilities. They also include a road network, a sewage drainage system, water supply networks, and fire extinguishing systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The company acquired a global code to designate the Mazunah dry port a final destination for incoming and outgoing goods<\/strong>, ONA adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TRADE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algeria has joined the<\/strong><strong> Guided Trade without Customs Barriers Initiative as part of its accession into <\/strong><strong><a target=\"_blank\" href=\"https:\/\/au-afcfta.org\/\" style=\"\" rel=\"noopener\">AfCFTA<\/a><\/strong>, in efforts to advance their commitment to enhancing pan-African trade, Algerian Trade Minister Tayeb Zitouni said, according to <a target=\"_blank\" href=\"https:\/\/www.aps.dz\/en\/economy\/49889-afcfta-sg-welcomes-algeria-s-accession-to-guided-continental-trade-initiative\" style=\"\" rel=\"noopener\">Algeria Press Service<\/a>. <\/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>AD Ports receives accreditation: <\/strong><a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/\" style=\"\" rel=\"noopener\">AD Ports Group<\/a> has bagged the three-yearplatinum accreditation from Investors in People (IIP) for the second consecutive time. (<a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/12\/20\/ad-ports-group-sustains-excellence-with-we-invest-in-people-platinum-accreditation\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Dan Air partners with Fly Baghdad<\/strong><strong>:<\/strong> Romanian airline Dan Air will operate flights from Baghdad and Erbil to Dusseldorf, Berlin, and Copenhagen for two years under a partnership with Fly Baghdad, which is banned from flying in European airspace. (<a target=\"_blank\" href=\"https:\/\/www.romania-insider.com\/romanian-airline-dan-air-operate-flights-iraq-europe-2023\" style=\"\" rel=\"noopener\">Romanian Insider<\/a>)<\/li>\n<li><strong>A<\/strong><strong>lgeria + Syria resume flights:<\/strong> Algeria has reestablished flights with Syria after a decade-long hiatus, with the first flight arriving at Latakia International Airport last Thursday. (<a target=\"_blank\" href=\"https:\/\/sana.sy\/?p=2020491\" style=\"\" rel=\"noopener\">SANA<\/a>) <\/li>\n<li><strong>KSA\u2019s MoTLS inks contract to <\/strong><strong>develop King Fahd International A<\/strong><strong>irport cargo facility:<\/strong> Saudi Transport and Logistics Services Saleh Al Jasser and the governor of the Kingdom\u2019s eastern province Prince Saud bin Naif bin Abdulaziz. signed a contract for developments at King Fahd International Airport\u2019s cargo facility. (<a target=\"_blank\" href=\"https:\/\/bit.ly\/3RxblHL\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/afcfta\/\">AfCFTA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/infrastructure\/\">INFRASTRUCTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/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=\"75751\" 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\/12\/25\/75751\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-75751\" class=\"content-area-description single-story post-75751 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ONGOING<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 October 2023-28 March 2024: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dohaexpo2023.gov.qa\/en\/about\/\" style=\"\">Doha Expo 2023<\/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;\">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>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>Before the end of the year: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/renovation-of-ain-sokhna-ports-1st-phase-to-be-finalized-before-end-2023-sy8bq9cb\" style=\"\">first phase<\/a><\/span><span> 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;\">JANUARY 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=\"\">9-11 January (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/duphat.ae\/\" style=\"\">Dubai International Pharma and Technologies Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai World 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 style=\"\">12-14 (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.icscm.org\/\" style=\"\">2024 5th International Conference on Supply Chain Management<\/a><\/span><span style=\"font-weight:400;\"> (ICSCM2024), Singapore.<\/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=\"\">23-25 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE198\" style=\"\">Transport Middle East 2024<\/a><\/span><span style=\"font-weight:400;\">, Intercontinental 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 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>5-7 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.petrospot.com\/events\/mebc24-dubai\" style=\"\">Middle East Bunkering Convention 2024<\/a><\/span><span style=\"font-weight:400;\">, DoubleTree Hilton, 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>6-7 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/meprocuretech.com\/#:~:text=The%202nd%20Annual%20Middle%20East,with%20leaders%20in%20the%20field.\" style=\"\">The Middle East ProcureTech Summit<\/a><\/span><span style=\"font-weight:400;\"> (ME ProcureTech Summit, 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>12-13 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>13 February (Tuesday): <\/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>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.safcongressmena.com\/\" style=\"\">Sustainable Aviation Futures MENA<\/a><\/span><span style=\"font-weight:400;\">, Address Hotel Dubai Mall, 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:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\">Future Warehouse & Logistics 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>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>22-24 February (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fnc-group.com\/Freight-Forwarders-Conference-2024\" style=\"\">International Freight Forwarders Conference<\/a><\/span><span style=\"font-weight:400;\">, Hyatt Regency, 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 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>3-5 March (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/marlog.aast.edu\/en\/home\" style=\"\">Sustainable Green Blue Infrastructure Conference 2024<\/a><\/span><span style=\"font-weight:400;\"> (Marlog), Green Plaza Mall, 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>4-8 March (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expotobi.ae\/logistics-transport-management\" style=\"\">Logistics & Transport Management 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>5-6 March (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shiptekmaritimeevents.com\/shiptek-2024\/\" style=\"\">ShipTek International Conference & Awards 2024<\/a><\/span><span style=\"font-weight:400;\">, The Address 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>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>6 March (Wednesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2024-gulf-ship-finance-forum\" style=\"\">The Gulf Ship Finance Forum<\/a><\/span><span style=\"font-weight:400;\">, Waldorf Astoria Dubai International Financial 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>7 March (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2024.tfconference.com\/\" style=\"\">Truck and Fleet Conference 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>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>27 April- 1 May (Saturday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irantsn.com\/en\" style=\"\">Iran Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Tehran International Permanent Fairground, 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>29 April- 2 May(Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.glafamily.com\/about-GLA-Global-Logistics-Conference\" style=\"\">GLA Global Logistics Conference<\/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>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>2-4 May(Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ensias.um5.ac.ma\/news\/7th-edition-international-conference-logistics-operations-management-smart-sustainable-and\" style=\"\">The International Conference on Logistics Operations Management: smart, sustainable and green logistics<\/a><\/span><span style=\"font-weight:400;\"> (GOL), Marrakesh, Morocco.<\/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>3-5 May (Friday-Sunday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.logistiqua.com\/\" style=\"\">2024 IEEE 15th international conference on Logistics and Supply Chain Management<\/a><\/span><span style=\"font-weight:400;\">, University of Sousse, Tunisia, Tunis.<\/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>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">Annual Investment Meeting (AIM) Congress<\/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>14-15 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World 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>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, DWTC, 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 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>2-4 June (Sunday-Tuesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-06-05-03\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport Summit<\/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>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>22-24 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE201\" style=\"\">Asean Ports and Logistics 2024<\/a><\/span><span style=\"font-weight:400;\">, Johor, Malaysia.<\/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>11-14 November (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/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, Dubai World Central, 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:400;\">20 Decemeber (Wednesday): The 5th Iran-Senegal Joint Economic Cooperation Commission, Dakar. <\/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>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.<\/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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/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>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\">of Jafza Logistics Park 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\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>Ongoing attacks in the Red Sea send freight rates soaring | Damietta Port gets USD 445 mn | KSA inks SAR 1 bn marine servicing agreements<\/p>\n","protected":false},"featured_media":75732,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-75731","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"df037a94-dada-445e-ab0a-e06e71029a85","teaser":"Ongoing attacks in the Red Sea send freight rates soaring | Damietta Port gets USD 445 mn | KSA 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