{"id":76523,"date":"2024-02-05T00:00:00","date_gmt":"2024-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=76523"},"modified":"2025-12-15T14:06:50","modified_gmt":"2025-12-15T14:06:50","slug":"ad-ports-group-furthers-investments-in-karachi-port","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/ad-ports-group-furthers-investments-in-karachi-port\/","title":{"rendered":"AD Ports Group furthers investments in Karachi Port"},"content":{"rendered":"<section id=\"76525\" 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=\"76525\">\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\/2024\/02\/05\/today-ad-ports-inks-agreement-with-karachi-port-gcc-pmi-reports-are-out\/\">\r\n                            TODAY: AD Ports inks agreement with Karachi Port + GCC PMI reports are out                        <\/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\/2024\/02\/05\/today-ad-ports-inks-agreement-with-karachi-port-gcc-pmi-reports-are-out\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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But first\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are excited to welcome on board <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.transmar.com\/\" style=\"\" rel=\"noopener\">Transmar<\/a><\/strong><strong>, one of the region\u2019s leading shipping lines, as our latest pillar advertiser of Enterprise Logistics. <\/strong>Headquartered in Cairo and founded by the El Ahwal family over 45 years ago, Transmar provides comprehensive maritime and logistics solutions for a customer base spanning across the MENA region, East Coast of Africa and the Indian Subcontinent. Operating in 13 countries and 22 ports, Transmar boasts the largest dedicated container fleet in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transmar joined the AD Ports Group family in September 2022<\/strong>, helping contribute to the group\u2019s vision of becoming a global trade facilitator. With decades of experience in the shipping and terminals industry, Transmar is a leading force in the transport of the region\u2019s trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have long admired Transmar <\/strong>and have been delighted to have our friend Nada El Ahwal, the company's chief strategy officer, join us for both <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2022\/12\/15\/nada-el-ahwals-three-criteria-for-choosing-which-export-industries-to-focus-on-91319\/\" style=\"\" rel=\"noopener\">exclusive private C-suite events<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fea8aa18-2731-456a-96e8-6b16d91c2363\" style=\"\" rel=\"noopener\">on stage at our conferences<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise Logistics is available to thousands of readers every day without charge<\/strong> thanks to the generous support of Transmar and Hassan Allam Utilities. <\/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 class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.petrospot.com\/events\/mebc24-dubai\" style=\"\" rel=\"noopener\">Middle East Bunkering Convention<\/a><\/strong><strong> will kick off today in Dubai and run<\/strong><strong> through to Wednesday.<\/strong>. The event will bring together industry experts to tap into issues affecting the global marine fuel sector, including supply chains, decarbonization, and new fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi is closing <\/strong><strong>Al Ain City\u2019s <\/strong><strong>Zakhir Roundabout from <\/strong><strong>Saturday 3 February to <\/strong><strong>Thursday 2 May and traffic is being diverted<\/strong>, Abu Dhabi Integrated Transport Center <a target=\"_blank\" href=\"https:\/\/twitter.com\/ITCAbuDhabi\/status\/1752959040156520684\" style=\"\" rel=\"noopener\">said<\/a> on X.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a id=\"wwtt1\"><\/a><\/strong><strong>#1-<\/strong><strong>Egypt is surveying sites for 11 new freezones in a bid to attract<\/strong><strong> FDI and boost exports<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/shorturl.at\/gnrV7\" style=\"\" rel=\"noopener\">statement<\/a> released by the country\u2019s General Authority for Investment and Free Zones. The proposed sites vary in size between 115 to 150 acres, with potential plots located in 10th of Ramadan City, El Alamein, El Sadat City, Burj Al Arab, October, Obour, Sohag, Beni Suef, Aswan, and Tiba, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>Egypt\u2019s ports to form joint-venture for seaport development<\/strong><strong>:<\/strong> Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/English\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Suez Canal<\/a><a target=\"_blank\" href=\"https:\/\/www.suezcanal.gov.eg\/English\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Authority<\/a>, the General Authority for the Port of Alexandria, and the <a target=\"_blank\" href=\"https:\/\/www.dpa.gov.eg\/#\" style=\"\" rel=\"noopener\">Damietta Port Authority<\/a> will establish a joint venture dubbed the Suez Canal Company for Seaport Development, <a target=\"_blank\" href=\"https:\/\/www.masrtimes.com\/366092\" style=\"\" rel=\"noopener\">Masr Times<\/a> reports, citing Egypt\u2019s Official Gazette. The company will oversee the management, operation, and maintenance of multi-purpose terminals across Egypt\u2019s ports, according to the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- <\/strong><strong>Jordanian customs have reworked procedures and kicked off the<\/strong><strong> \u201cGolden List\u201d at <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aseza.jo\/Default\/En\" style=\"\" rel=\"noopener\">Aqaba Special Economic Zone<\/a><\/strong>, with reforms seeing a consolidation of customs guidelines to streamline compliance, according to a <a target=\"_blank\" href=\"https:\/\/www.customs.gov.jo\/ar\/CMS_NewsDetails.aspx?Key=12527#:~:text=%D8%A7%D9%84%D8%B9%D9%82%D8%A8%D8%A9%3A%2031%20%D9%83%D8%A7%D9%86%D9%88%D9%86%20%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A%D8%8C%20%D8%A3%D8%B9%D9%84%D9%86%D8%AA,%D9%86%D8%B8%D8%A7%D9%85%20%D8%A7%D9%84%D9%85%D9%88%D8%A7%D9%81%D9%82%D8%A7%D8%AA%20%D8%A7%D9%84%D9%85%D8%B3%D8%A8%D9%82%D8%A9%20%D9%88%D8%A7%D9%84%D8%B1%D8%AE%D8%B5%20%D8%A7%D9%84%D8%A3%D8%B1%D8%AF%D9%86%D9%8A.\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The Golden List will allow companies subscribed to the initiative to benefit from facilities and perks, subject to certain requirements, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Huawei to digitize Dubai\u2019s customs systems? <\/strong><a target=\"_blank\" href=\"https:\/\/www.dubaicustoms.gov.ae\/\" style=\"\" rel=\"noopener\">Dubai Customs<\/a> met yesterday with a delegation from Chinese tech giant <a target=\"_blank\" href=\"https:\/\/www.dubaicustoms.gov.ae\/\" style=\"\" rel=\"noopener\">Huawei<\/a> to discuss enhancing collaboration in digitization and information technology, as well as the introduction of digital customs procedures, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/huawei-applauds-dubai-customs-digital-excellence-vdodf361\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>Iran is set to inaugurate 760 km of new roads and highways by<\/strong><strong> y<\/strong><strong>ear\u2019s end,<\/strong> in a bid to relieve traffic bottlenecks and develop the country\u2019s transit corridors, <a target=\"_blank\" href=\"https:\/\/www.irna.ir\/news\/85370992\/%DB%B7%DB%B6%DB%B0-%DA%A9%DB%8C%D9%84%D9%88%D9%85%D8%AA%D8%B1-%D8%B1%D8%A7%D9%87-%D9%88-%D8%A8%D8%B2%D8%B1%DA%AF%D8%B1%D8%A7%D9%87-%D8%AA%D8%A7-%D9%BE%D8%A7%DB%8C%D8%A7%D9%86-%D8%B3%D8%A7%D9%84-%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%D9%85%DB%8C-%D8%B4%D9%88%D8%AF\" style=\"\" rel=\"noopener\">IRNA<\/a> reported on Thursday, citing deputy head of the Construction and Development of Transportation Infrastructures Company Mohammad-Reza Kadkhodazadeh. The projects extend across 16 provinces and come at an investment of IRR 263 tn (USD 6.26 bn), IRNA said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown: <\/strong>The developments include 62 km of highways in West Azerbaijan province, 55 km in Bushehr, 68 km in South Khorasan, 97 km in Kerman, 51 km in Khuzestan, 68 km in Central province, 50 km in Chaharmahal and Bakhtiari, 14 km in North Khorasan, and 29 km in Razavi Khorasan, IRNA added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#5- <\/strong><strong>DP World + Australia\u2019s Maritime Union (MUA) have finally reached a tentative <\/strong><strong>agreement to end a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/be277f82-e451-4761-8a50-5d744abe30f3\" style=\"\" rel=\"noopener\">months-long<\/a><\/strong><strong> labor dispute<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mua.org.au\/news\/mua-lands-new-four-year-deal-dubai-ports-delivering-fair-pay-safety-and-work-life-balance\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The four-year agreement covers fair pay, safety, job security, and fatigue management measures for DP World employees, according to the statement. The agreement, which has not yet been endorsed by union members, also includes annual pay raises of 8%, 7%, 4%, and 4.5% for some 1.8k workers, <a target=\"_blank\" href=\"https:\/\/splash247.com\/dp-world-reaches-deal-with-australian-dockworkers\/\" style=\"\" rel=\"noopener\">Splash News<\/a> reported on Friday. Work stoppages due to the labor dispute were costing DP World some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/62f7d912-1540-45b7-8e75-26ef5f7ba276\" style=\"\" rel=\"noopener\">USD 84 mn<\/a> in losses per week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Baltic Exchange\u2019s dry bulk sea freight index bumped up on Friday, but fe<\/strong><strong>ll w-o-w on the back of <\/strong><strong>a general decline in rates across all vessel segments,<\/strong><a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-falls-for-week-on-declines-across-vessel-segments\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. The overall measure \u2014 which factors rates for capesize, panamax, and supramax vessels \u2014 increased 1.4% on Friday to settle at 1407 points, driven by a surge in capesize rates, but registered a weekly decline of 7.3%. Capesize rates increased 5.5% on Friday to 2030 points, but ended the week 4.9% lower. The panamax sub index fell for its fifth straight session, dropping 3.5% to 1444 points, with a weekly decline of 14.9%. The supramax sub index fell 7 points to 1041 points, closing out the week with a 2.3% drop. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Qatar\u2019s ports handled over 103k TEUs in January 202<\/strong><strong>4<\/strong>, 39% of which were transhipment containers, according to a Mwani Qatar <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0YWPDacw43zKgBWRj6aNkH1c4L1J4pdU2fxNpCpBe7gDYG5AJ4NUwFEh4aEhMcs4Ml&id=100064440502596\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The Qatai port and terminal operator also handled over 56k tons of general and bulk cargo, 31.3k heads of livestock, 6k RoRo units, and 49.7k tons of building materials in January, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DP World\u2019s digital arm for the GCC <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaitrade.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Trade<\/a><\/strong><strong>carried out some 32.6 <\/strong><strong>mn <\/strong><strong>transactions in 2023, up 25% y-o-y, <\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1g1mhc-dubai-trade-platform-surpasses-300-million\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. 48% of 2023\u2019s transactions were in clearance and border control and another 44% related to cargo handling and logistics. The initiative looks to bring diverse trade and logistics players together on a unified digital platform, WAM said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Morocco\u2019s 2023 trade deficit narrowed 7.3% y-o-y to MAD 286 bn (USD 28.6 bn), <\/strong>on the back of reduced imports and boosted revenues from tourism, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/morocco-trade-deficit-shrinks-7-tourism-lower-imports-2024-02-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a monthly report by the country\u2019s foreign exchange regulator. Energy imports fell 20.4% y-o-y to MAD 122 bn, while wheat imports saw a 25.3% y-o-y drop to MAD 19.3 bn. Revenues from tourism surged 11.7% y-o-y to MAD 104 bn, on the back of a record 14.5 mn visitors. Greater automotive exports and stronger remittances also contributed to the country\u2019s improved trade position for the year, the newswire added.<\/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>CIRC<\/strong><strong>LE 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:\/\/middleeast.breakbulk.com\/home\" style=\"\" rel=\"noopener\">Breakbulk Middle East<\/a><\/strong><strong> on 12 and <\/strong><strong>13 February<\/strong> in Dubai. The networking event brings together government officials, oil and gas players, and contractors with representatives from upwards of 8k companies from 98 countries.<\/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.safcongressmena.com\/\" style=\"\" rel=\"noopener\">Sustainable Aviation Futures MENA<\/a><\/strong><strong> from Monday, <\/strong><strong>12 February through to Wednesday, 14 February<\/strong> in Dubai. The event will see 80 expert speakers and upwards of 200 high level attendants and will handle topics pertaining to regulation, financing, and investments in Sustainable Aviation Fuels (SAF) in MENA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\" rel=\"noopener\">Future Warehouse & Logistics Conference<\/a><\/strong><strong> from<\/strong><strong> Monday, 12 February to Wednesday, 14 February<\/strong> in Dubai. The event will handle means for supply chain leaders to boost resilience and overcome challenges, with discussions on disruptions, sustainability, Internet of Things (IoT), automation, workplace management and other topics.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tradetechglobal.org\/tradetechforum24\" style=\"\" rel=\"noopener\">TradeTech Forum<\/a><\/strong><strong> on Tuesday, 27 February<\/strong> in Abu Dhabi. The forum will see some 180 trade leaders and experts discuss the technologically advanced trade environment and a showcase of trade tech solutions. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.itp.events\/LogisticsMiddleEastAwards\" style=\"\" rel=\"noopener\">The Logistics Middle East Award<\/a><\/strong><strong> on Wednesday, 6 March<\/strong> in Dubai. The awards ceremony brings together industry experts to celebrate the sector\u2019s biggest accomplishments over the previous 12 months.The deadline for submitting nominations is Friday, 19 January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA will host a special <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a><\/strong><strong> event fr<\/strong><strong>om Sunday, 28 April through to Monday, 29 April in Riyadh<\/strong>. The event will focus on global collaboration and energy.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/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\/egypt\/\">Egypt<\/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                        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expansion in January, while Egypt continue to face contraction                        <\/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\/2024\/02\/05\/non-oil-private-sector-activity-across-gcc-shows-continued-expansion-in-january-while-egypt-continue-to-face-contraction\/\" 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 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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/non-oil-private-sector-activity-across-gcc-shows-continued-expansion-in-january-while-egypt-continue-to-face-contraction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/201.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76529\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/non-oil-private-sector-activity-across-gcc-shows-continued-expansion-in-january-while-egypt-continue-to-face-contraction\/201-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/201.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"201.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/201.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/201.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76528\" class=\"content-area-description single-story post-76528 post type-post status-publish format-standard has-post-thumbnail hentry category-purchasing tag-egypt tag-purchasing tag-saudi-arabia tag-supply-chains tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.1521b14b-9acb-49a7-a5d0-13290f174160.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>H<\/strong><strong>ow MENA countries\u2019 non-oil private sector performed in January<\/strong><strong>: <\/strong>Purchasing manager indices (PMI) tracking non-energy sectors in UAE, Saudi Arabia, and Egypt painted a mixed picture in January. Both the UAE and Saudi Arabia remained in expansion, albeit at softer paces, dipping due to supply chain risks, and increased costs, while Egypt remained in contraction amid inflationary pressures and import obstacles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The all-important 50.0 mark is the threshold separating contraction from growth. Anything over 50 denotes expansion and anything below indicates contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s non-oil private sector slowed in January with the index inching down to 56.6 in January compared to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7ecfe9b0-306f-4785-a1fc-80949abf1789\" style=\"\" rel=\"noopener\">57.4 in December<\/a><\/strong><strong>, <\/strong>expanding at a slower pace amid softened output and new order growth, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/267.pdf\" style=\"\" rel=\"noopener\">S&P Global\u2019s PMI (pdf)<\/a>. Nevertheless the headline expansion showed robust expansion on the back of strong demand and business inflows that uplifted activity and operating conditions, increased sales and marketing, new and current projects, greater investment and government initiatives propelling the growth, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saud Arabia\u2019s non-oil activity improved at their slowest rate in two years:<\/strong> KSA\u2019s headline PMI dipped to 55.4 in January, down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7ecfe9b0-306f-4785-a1fc-80949abf1789\" style=\"\" rel=\"noopener\">57.5 the previous month<\/a>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/268.pdf\" style=\"\" rel=\"noopener\">Riyadh Bank Saudi Arabia\u2019s PMI (pdf)<\/a>. Although the kingdom witnessed strong growth in business activity and new orders \u2014- greater competition and increased cost pressures softened the expansion. There was also an uptick in inflationary pressures on the back of high demand, increased material prices, and supply chain risks leading to the sharpest incline in purchasing costs since mid-2012.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Firms purchasing was proactive in UAE + Saudi:<\/strong> The UAE noted a rise in new business on the back of strong demand, respondents said, which shot up new sales, and new customers. Input purchases also grew sharply as UAE firms tried to increase their stocks in anticipation of increased client demand. Increased new business levels in Saudi Arabia drove a rise in input demand, while purchasing activity and inventory holdings grew sharply. Like the UAE, strong demand was prevalent \u2014- but business activity fell to a five-month low. The Kingdom witnessed increased levels of new business, fuelling increased input demand as purchasing activity and inventory holdings also increased \u2014- albeit at an eight-month low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growing supply-chain risks are prevalent:<\/strong> Despite lead times shortening, the UAE experienced delivery delays as firms increased their shipping costs due to Red Sea disruptions, as well as hiked transport costs paved the way to increased purchase prices, causing material and salary expenses to be pushed up. Saudi felt input price inflation at its highest level since August 2020 due to greater supply chain risks, and increased staff costs. In a bid to counter this, selling prices in the Kingdom were raised but modestly and slowly as respondents were reluctant to pass on the costs to their customers, with Saudi construction firms even reducing their prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt underperformed: <\/strong>Egypt\u2019s non-oil private sector contracted as inflationary pressures continued to weigh down the headline figure, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/269.pdf\" style=\"\" rel=\"noopener\">S&P Global\u2019s Egypt PMI (pdf)<\/a>. Egypt\u2019s PMI dropped slightly to 48.1 in January from 48.5 the previous month. Firms in Egypt\u2019s output and new orders fell in January due to increased prices dampening client demand, with price pressures, and geopolitical conflict also weighing down growth. While firms' purchasing activity decreased, its trend moved closer to stabilization, as firms indicated stock levels were kept stable, and lead times only increased slightly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation continues to be a thorn in Egypt\u2019s side:<\/strong> Inflationary pressures picked up in January, respondents noted, with input and output costs increasing to their highest levels in 12 months, on the back of increased purchasing costs. Currency weakness and ongoing import problems also caused prices for wood, iron, and fuel to be ramped up, leading to firms to push a greater share of their costs onto customers and cause sharp increases in prices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Red Sea crisis was felt by all:<\/strong> Disruptions to the UAE\u2019s supply lines had \u201cmodest impact,\u201d on their non-oil sector growth in January, with few firms noting delivery delays, and rising backlogs, and increased shipping costs, S&P Global Market Intelligence Senior Economist David Owen said in his comment to the report. KSA also recorded the sharpest rise in purchase prices since May 2012 \u2014 with firms noting strong demand, higher material prices, greater supply chain risks, and higher shipping costs amid the Red Sea crisis. While Egypt\u2019s tourism took a hit from the Israel-Gaza conflict and geopolitical tensions \u2014 causing firms to be less upbeat for the future headwinds, Owen commented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s outlook remains positive, although slipping from December:<\/strong> UAE firms remained optimistic for the non-oils sector\u2019s growth over the coming year, as firms expect strong demand and sales pipeline to continue to drive expansion in output, with new projects and investment to help buoy growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While <\/strong><strong>Saudi Arabia is not<\/strong><strong> as upbeat, their construction firms are more so:<\/strong> Firms business expectations in the Kingdom dropped to the second-weakest in January, since mid-2020 citing slowed demand growth and inflationary pressures to pose limitations to firms' business expansion in 2024. However, backlog of work in Saudi was registered for the first time in four years, particularly in the construction sector, reflecting strong demand for construction services, attributed to ongoing infrastructure and real estate development, reflecting a positive outlook for the construction sector to reap in investment, and sustain expansion, Riyadh Bank Chief Economist Naif Al-Ghaith commented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses in Egypt are also not upbeat:<\/strong> Firms are concerned that weak economic conditions will persist into 2024, with respondents' expectations worsening to one of the lowest levels in its PMI series history. There was only mild optimism for future business activity recorded.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking for Qatar + Lebanon\u2019s PMI? <\/strong>Catch them <a target=\"_blank\" href=\"https:\/\/www.pmi.spglobal.com\/Public\/Release\/ReleaseDates?language=en\" style=\"\" rel=\"noopener\">here<\/a> later today and our coverage will continue tomorrow.<\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/purchasing\/\">PURCHASING<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76530\" 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=\"76530\">\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\">Ports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/ad-ports-group-inks-agreement-to-further-developments-and-operations-at-karachi-port\/\">\r\n                            AD Ports Group inks agreement to further developments and operations at Karachi Port                        <\/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\/2024\/02\/05\/ad-ports-group-inks-agreement-to-further-developments-and-operations-at-karachi-port\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The agreement will see JV Karachi Gateway Terminal Multipurpose Limited (KGTML) \u2014 formed by majority shareholder AD Ports and UAE-based Kaheel Terminals \u2014 develop, operate and manage bulk and general cargo terminal berths 11 to 17 at Karachi Port\u2019s East Wharf granting it full operational control, the statement notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> The JV will invest some USD 75 mn in the first two years for upfront payments, fees, and investments in port infrastructure and equipment. An additional USD 100 mn investment will be poured in within five five years, boosting the terminal\u2019s capacity 75% to handle 14 mn tonnes yearly. The facility is expected to rake in some USD 30 mn in revenues a year in the short term, the statement notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else do we know? <\/strong>Under the agreement\u2019s terms, KGTML will have access to a 1.5k meters quay wall for general cargo and bulk operations and an adjacent 800 meters quay for container operations. Cargo operations will focus on steel, paper, and clinker, while the clean terminal will process grains and fertilizers, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It's not the first time they partner up: <\/strong>The agreement builds upon a concession agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/88fce4b1-e401-499c-9364-dd8a00c04d71\" style=\"\" rel=\"noopener\">inked in June 2023<\/a> that saw AD Ports acquire the rights to develop, operate and manage Karachi Gateway Terminal Limited\u2019s (KGTL) container terminal berths 6 to10 at the same wharf.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Pakistan and the UAE inked a slew of multi-bn USD agreements <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f5e8703b-3351-4325-ac33-25da9e0b6865\" style=\"\" rel=\"noopener\">last November<\/a>, outlining investments in Pakistan\u2019s logistics, ports, and other sectors. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n        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entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/ent.news\/2023\/12\/425.1jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76533\" 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=\"76533\">\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\">Disruption Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/companies-may-turn-to-new-trade-corridors-running-on-land-through-the-middle-east\/\">\r\n                            Companies may turn to new trade corridors running on land through the Middle East                        <\/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\/2024\/02\/05\/companies-may-turn-to-new-trade-corridors-running-on-land-through-the-middle-east\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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          <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/197.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76534\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/companies-may-turn-to-new-trade-corridors-running-on-land-through-the-middle-east\/197-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/197.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"197.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/197.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/197.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76533\" class=\"content-area-description single-story post-76533 post type-post status-publish format-standard has-post-thumbnail hentry category-disruption-watch tag-cargo tag-disruption-watch tag-shipping-maritime tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.8cd48009-efab-460f-bfb4-952edcbe2e94.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Land routes<\/strong><strong> through Saudi Arabia and the UAE are emerging as a potential lifeline for <\/strong><strong>trade<\/strong> amid the crisis in the Red Sea, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-02\/land-routes-via-uae-saudi-arabia-tested-to-bypass-houthi-menaced-red-sea\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported over the weekend. The commercial trade routes in the \"heart of the Middle East\" are designed to avert the Bab El Mandeb strait in the southern Red Sea, a choke point the Houthis have been exploiting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Israeli software startup <a target=\"_blank\" href=\"https:\/\/www.trucknet.io\/\" style=\"\" rel=\"noopener\">Trucknet Enterprise<\/a> is among those testing the routes, sending goods from ports in the UAE and Bahrain through the Kingdom and Jordan towards Israel and Europe, its CEO Hanan Fridman told business information service. The route, which hasn\u2019t been tapped before on a commercial level due to strained ties between Israel and Arab countries, saw Trucknet sending cargo from India, Thailand, South Korea and China in recent weeks. Asian-bound goods were also moving in the opposite direction, helping bring costs down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other options being weighed:<\/strong> German shipping giant Hapag-Lloyd is considering linking Jebel Ali port in Dubai and two eastern ports here with Jeddah on the west coast. Another option by the German group seeks linking Jebel Ali with Jordan, which borders Israel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there\u2019s a catch: <\/strong>An overland truck route will work for some types of cargo, but Hapag-Lloyd spokesman Nils Haupt admitted that it\u2019s a short term-solution for shippers looking to ship small cargo \u2014 \u201cnot thousands of containers.\u201d While it may \u201ccarry a not-insignificant quantity of traffic, [the land bridge] will remain a niche solution for shipments specifically to Israel,\" Chris Rogers, head of the supply-chain research group at S&P Global, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And risks:<\/strong> \"Gulf Cooperation Council states may be hesitant to promote the route as the Houthis have not yet threatened UAE or Saudi maritime assets,\" according to S&P Global analysts. \"A road route via Saudi Arabia and Jordan also would increase risks of cross-border attacks on cargo by Iran-aligned Iraq-based or Syria-based militants,\" they added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These routes could serve as a trial run for the planned US-backed India-Middle <\/strong><strong>East-Europe<\/strong> Economic Corridor in which Saudi Arabia is <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/us-india-saudi-eu-unveil-rail-ports-deal-g20-sidelines-white-house-official-2023-09-09\/&sa=D&source=editors&ust=1707120672077253&usg=AOvVaw1by6Kdp0gAyl7_CO8Qil6n\" style=\"\" rel=\"noopener\">taking part<\/a>. The crisis in Gaza has stalled talks on the corridor, which was announced during the G20 summit in India last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>ttacks are seeing a redistribution of freight volumes across EMEA ports<\/strong><strong>: <\/strong>The rerouting of shipments away from the Red Sea is seeing shipping from affected areas redistributed to ports in the UAE, and Africa, creating congestion in ports alongside reroutes, according to a Thursday <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.fitchratings.com\/research\/infrastructure-project-finance\/emea-ports-freight-volumes-redistributed-following-red-sea-attacks-01-02-2024&sa=D&source=editors&ust=1707120672077612&usg=AOvVaw39E3zcqPTdV15XWZPFB4t6\" style=\"\" rel=\"noopener\">report<\/a> by international credit rating agency Fitch. Large operators including DP World and its diverse portfolio of terminals are less affected, as falling volumes in ports such as Sokhna (Egypt) and Jeddah (Saudi Arabia) are offset by higher volumes in Jebel Ali (UAE) and Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not all are so lucky: <\/strong>Single-terminal operators are more severely affected, Fitch said. Transhipment volumes in Egypt, Saudi Arabia, and Turkey are the worst off, with Mersin\u2019s (Turkey) transhipment volumes particularly hard hit. The disruptions are not expected to continue long term, Fitch said, citing the importance of the Red Sea as an international trade route and the efforts of a <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/logistics\/en\/news\/story\/7de4d24b-9a1d-45a5-bddd-b2ff359c41bc&sa=D&source=editors&ust=1707120672077946&usg=AOvVaw1NX3ng7HsLzRlF9vdNjg3l\" style=\"\" rel=\"noopener\">US-led coalition<\/a> to counter disruptions in the sea lane.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Suez Canal receipts almost halved in January:<\/strong> Suez Canal receipts fell 47% y-o-y to USD 428 mn in January as the number of ships passing through the waterway dropped almost 37% to 1.4k last month thanks to Houthi attacks on shipping in the Red Sea, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.suezcanal.gov.eg\/English\/Pages\/default.aspx&sa=D&source=editors&ust=1707120672078257&usg=AOvVaw34q1JZgISJuR7VSbe50Zt_\" style=\"\" rel=\"noopener\">Suez Canal Authority<\/a> boss Osama Rabie told Kol Youm (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.youtube.com\/watch?v%3D2TpmrWrVZuU&sa=D&source=editors&ust=1707120672078392&usg=AOvVaw2BSf_FgZzxipTstHQSZc0k\" style=\"\" rel=\"noopener\">watch, runtime: 9:28<\/a>) on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest: <\/strong>French shipping giant CMA CGM has again suspended shipments through the Red Sea until further notice due to the heightened risk of attacks from Yemen\u2019s Houthis, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/business\/autos-transportation\/cma-cgm-halts-red-sea-transit-security-risks-source-2024-02-02\/&sa=D&source=editors&ust=1707120672078739&usg=AOvVaw0k0drMynmgUvfW5xh3gR5L\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing sources it says have knowledge of the situation. The shipping firm <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/egypt\/en\/news\/story\/26e50e17-7afe-4390-ad14-52ff4cfc7da1&sa=D&source=editors&ust=1707120672078894&usg=AOvVaw0-uef1NqKzWzBhjJ9CRMgb\" style=\"\" rel=\"noopener\">returned to the Red Sea<\/a> in January, after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7012e03f-8dda-4b2a-ae40-ba7144b132a8\" style=\"\" rel=\"noopener\">pausing transit<\/a> in December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russian oil tankers transits via the Red Sea have continued \u201c<\/strong><strong>largely uninterrupted\u201d, <\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/middle-east\/russian-oil-flows-through-red-sea-still-face-lower-risks-2024-02-01\/&sa=D&source=editors&ust=1707120672079385&usg=AOvVaw2jNbUuyqny4Xx5sBqzbki8\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing shipping executives, analysts, and flow data. Despite seeing a slight downtick in December, Russian tanker traffic in the Red Sea was up 20% compared to the same period last year, the newswire wrote citing tracking by oil analytics firm Vortexa, contrasting with transit patterns for other tanker fleets, which saw widespread reroutes over the past two weeks, the newswire said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That's not what we heard last week:<\/strong> Russian oil traders were reported to be diverting their shipments around the Cape of Good hope <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/logistics\/en\/news\/story\/98f58d52-8c7f-4cc0-b4d2-9231c8f5efa1&sa=D&source=editors&ust=1707120672079702&usg=AOvVaw2Vqm-mXGpdfFftrJaIRTgR\" style=\"\" rel=\"noopener\">last week<\/a>, due to the heightened risks of attacks, and looking for suitable locations to refuel and restock.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shipping giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.msc.com\/en&sa=D&source=editors&ust=1707120672079985&usg=AOvVaw3qCT0XBuOVylCBJbNSL9ef\" style=\"\" rel=\"noopener\">MSC<\/a><\/strong><strong> stressed the need to circumvent a \u201csignificant<\/strong><strong> supply chain crisis\u201d<\/strong>, with concerns that rerouted shipping patterns could have a mounting impact on global trade, MSC Maritime policy and governmental affairs head Bud Darr told the US House of Representatives\u2019 Transport and Infrastructure Committee at a hearing on Wednesday (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.youtube.com\/watch?v%3Dh3hvxUgYXoE%26t%3D29s&sa=D&source=editors&ust=1707120672080287&usg=AOvVaw1Zjk30P2gWJe7IZtexqptH\" style=\"\" rel=\"noopener\">watch, runtime: 2:04:55<\/a>). During the hearing, which weighed policies on combating Red Sea disruptions, Darr noted that although initial Houthi attacks against commercial shipping targeted vessels with links to Israel, they have since become \u201cindiscriminate\u201d, forcing MSC to continue to reroute their vessels until they were more confident in their security.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand for China to Europe rail shipments via Russia has surged,<\/strong>as Red Sea disruptions continue to reshuffle trade routes, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.cnbc.com\/2024\/02\/01\/china-russia-rail-freight-demand-for-shipments-has-risen-since-red-sea-attacks.html&sa=D&source=editors&ust=1707120672080742&usg=AOvVaw1mnvJmvLhpJmY1cl89W3AW\" style=\"\" rel=\"noopener\">CNBC<\/a> reported on Thursday. Freight forwarders are looking for options less expensive than air freight and faster than seaborne shipments rerouting around the Cape of Good Hope, the news outlet said. Demand for the railway route has \u201cskyrocketed\u201d since the start of Red Sea disruptions and the overall impact on demand will take several months to unfold, RailGate Europe\u2019s chief business development officer Julija Sciglaite told CNBC. Some companies are not showing interest in the option citing concerns about possible EU sanctions on trade mediated via Russia, the news outlet added. These companies are turning to the \u201cmiddle corridor\u201d sidestepping Russia by going through Kazakhstan to Turkey via the Caspian sea, the outlet reported, citing managing director of Rail Bridge Cargo Igor Tambaca. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STRIKES AND ATTACKS CONTINUE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US forces carried out more strikes on Saturday targeting six Houthi anti-ship cruise missiles that were being prepped for launch<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/middle-east\/us-conducts-strikes-self-defense-against-six-houthi-anti-ship-cruise-missiles-2024-02-03\/&sa=D&source=editors&ust=1707120672081304&usg=AOvVaw2oeIOvDDckjdUnHPjupCMM\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing US Central Command (Centcom). The latest attack comes on the heels of another strike last week targeting 10 unmanned drones that were being prepped for launch in Yemen, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/us-strikes-10-unmanned-drones-western-yemen-cbs-news-2024-02-01\/&sa=D&source=editors&ust=1707120672081539&usg=AOvVaw1juPDaBXHvLADyuM7ojGwF\" style=\"\" rel=\"noopener\">Reuters<\/a> reported separately, citing a US official as saying. An American warship also downed three Iranian-made drones and an anti-ship ballistic missile in the Gulf of Aden, with no damages or injuries reported, the newswire said citing Centcom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yemen\u2019s Houthis reportedly carried out an attack against American <\/strong><strong>merchant ship KOI in the Gulf of Aden<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-targeted-us-merchant-vessel-statement-2024-01-31\/&sa=D&source=editors&ust=1707120672081876&usg=AOvVaw1SP3kaQpzOa8Wcd3F-nPdy\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing Houthi military spokesperson Yahya Sarea as saying on Wednesday. The attack came hours after another strike targeting US Navy destroyer Gravely, the newswire said. British maritime security firm Ambrey also reported an explosion aboard a merchant vessel in the region, but did not clarify if this was the KOI, the newswire said citing the security firm. Liberian-flagged KOI is operated by UK-based Oceonix Services, which also operates oil tanker <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/logistics\/en\/news\/story\/75d3d6fb-640d-4034-b3ab-fc4b94218e30&sa=D&source=editors&ust=1707120672082039&usg=AOvVaw25oQvdvhuO_27kSsW51dEm\" style=\"\" rel=\"noopener\">Marlin Luanda<\/a> which was damaged in a Houthi attack on Saturday, the newswire added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>British and American forces struck 36 Houthi facilities in Yemen on Saturday, one day <\/strong><strong>after the US launched air strikes against 85 targets in Iraq and Syria<\/strong> that it claimed have ties to Iran\u2019s Revolutionary Guards Corps, killing 40, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/us-launches-retaliatory-strikes-iraq-syria-nearly-40-reported-killed-2024-02-03\/&sa=D&source=editors&ust=1707120672082325&usg=AOvVaw2ULDKV_TShSOwPyGq24JZG\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. \u201cOur response began [on Friday]. It will continue at times and places of our choosing,\u201d US President Joe Biden said in a <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/02\/02\/statement-from-president-joe-biden-on-u-s-military-operation-in-the-middle-east\/%23:~:text%3DOur%2520response%2520began%2520today.,an%2520American%252C%2520we%2520will%2520respond.&sa=D&source=editors&ust=1707120672082523&usg=AOvVaw0JtJItx5BBGH_hA4XVPQNZ\" style=\"\" rel=\"noopener\">statement<\/a>. The attacks come in response to an Iran-backed attack that <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac6beab6-3658-4103-b61a-90b476ca8dce&sa=D&source=editors&ust=1707120672082664&usg=AOvVaw1_Kt3kZ5r-H_xDIHjhtvPA\" style=\"\" rel=\"noopener\">killed three US servicemen<\/a> in Jordan last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN DEFENSE NEWS<\/strong><strong>-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India is doubling down on countering piracy in the region: <\/strong>The country has deployed some dozen warships east of the Red Sea as it looks to deter resurging piracy in the area, and as Western powers shift their focus towards dealing with the Houthi threat, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.reuters.com\/world\/india-deploys-unprecedented-naval-might-near-red-sea-rein-piracy-2024-01-31\/&sa=D&source=editors&ust=1707120672083144&usg=AOvVaw3huRiJDl_usexxDPeJ_Tyl\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing Indian officials. \u201cHouthis and piracy are disconnected. But pirates are trying to use this opportunity as the West's efforts are focused on the Red Sea,\u201d the newswire cited an unnamed Indian navy official as saying. India already has two frontline warships in the Gulf of Aden, and some 10 warships in the northern and western Arabian Sea, with surveillance aircraft, marking the country\u2019s largest deployment to the region, and larger than Chinese, French or US deployments to the area, officials said. India is also not participating in the US-led Red Sea naval taskforce, the newswire also added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8a637f3-6c41-49aa-a201-6181b5a4db4f&sa=D&source=editors&ust=1707120672083450&usg=AOvVaw0OUP6gQOxC85cDIPQfMopG\" style=\"\" rel=\"noopener\">Monday saw Indian navy vessel INS Sumitra<\/a> respond to two Iranian fishing vessels that were hijacked by Somali pirates, rescuing 17 Iranian nationals from the first boat, before rescuing 19 Pakistani nationals aboard the second. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET REAX-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The oil market is looking more disconnected and fragmented as it turns to local <\/strong><strong>alternatives amid disruption-driven increases in freight rates<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/news\/articles\/2024-02-04\/red-sea-danger-is-spurring-global-oil-buyers-to-go-local?utm_source%3Dgoogle%26utm_medium%3Dbd%26cmpId%3Dgoogle&sa=D&source=editors&ust=1707120672083893&usg=AOvVaw2DWMKHaynY0b4SXGKcKBvI\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The trend is seeing the development of two disconnected oil trading regions \u2014 one centered around the Atlantic, the North Sea, and the Mediterranean and another enclosing East Asia, the Persian Gulf, and the Indian Ocean. European refiners didn't pick up Iraqi crude last month, with shipments from the North Sea and Guyana seeing an uptick in demand in the European market, Bloomberg wrote citing traders. Meanwhile, Abu Dhabi\u2019s Murban crude is seeing greater demand in Asia and crude loadings from the US to Asia declined by more than a third between December and January, the outlet said citing Kpler tracking data. \u201cThe pivot toward logistically easier cargoes makes commercial sense, and that will be the case for as long as the Red Sea disruptions keep freight rates elevated,\u201d Kpler analyst Viktor Katona was cited as saying by the outlet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The LNG market may take it a step further: <\/strong>US and Qatar-based LNG producers are considering <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/enterprise.news\/logistics\/en\/news\/story\/98f58d52-8c7f-4cc0-b4d2-9231c8f5efa1&sa=D&source=editors&ust=1707120672084268&usg=AOvVaw3efJsrmzBDntOysv-kSsdm\" style=\"\" rel=\"noopener\">swapping their cargoes<\/a> to get around bottlenecks at the Suez and Panama Canals, with US cargoes making their way to Europe to meet Qatari contracts and Qatari cargoes shipped in turn to US customers in Asia. <\/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\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/disruption-watch\/\">DISRUPTION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76535\" 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=\"76535\">\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\">Cargo<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/menzies-eurus-express-form-cargo-and-logistics-jv-in-china\/\">\r\n                            Menzies + Eurus Express form cargo and logistics JV in China                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/menzies-eurus-express-form-cargo-and-logistics-jv-in-china\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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No details regarding the investment ticket or timelines were disclosed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details are scant:<\/strong> The JV will offer premium cargo and logistics services for Hainan and the Asia-Pacific region, leveraging Hainan\u2019s free trade port status, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Eurus Express:<\/strong> The Hong Kong, Hainan, and Shenzhen-based logistics solutions provider delivers supply chain solutions in 58 locations across 17 countries. Their portfolio of services include shipment pickup, last-mile delivery, and return logistics management, according to the company website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Menzies is doubling down on China: <\/strong>Menzies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0c998e19-5a51-4652-8559-269d65968375\" style=\"\" rel=\"noopener\">snapped up a 50% stake<\/a> in Hong Kong\u2019s Jardine Aviation Services Group (JASG) last week, establishing a foothold in Hong Kong and bolstering a pre-existing partnership with China National Aviation Corporation (CNAC). <\/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\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/menzies-aviation\/\">Menzies Aviation<\/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=\"76537 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=\"76537\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/76537\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76537\" class=\"content-area-description single-story post-76537 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:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.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=\"76538\" 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=\"76538\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/bahri-boeing-saudi-arabia-inks-supply-chain-mou-qatarenergy-mitsui-ink-long-term-energy-agreement-and-aviation-updates-from-ksa-and-egypt\/\">\r\n                            Bahri + Boeing Saudi Arabia inks supply chain MoU, QatarEnergy + Mitsui ink long-term energy agreement, and aviation updates from KSA and Egypt              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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/224.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/224.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76538\" class=\"content-area-description single-story post-76538 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-bahri tag-egypt tag-ksa tag-oman tag-qatar 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\/2024\/2\/.4458ddb1-802e-40ae-b471-aac71427bb23.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUPPLY CHAINS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>KSA\u2019s national shipping company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bahri.sa\/\" style=\"\" rel=\"noopener\">Bahri<\/a><\/strong><strong> has inked an MoU with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.boeing-me.com\/en\/boeing-in-saudi-arabia\" style=\"\" rel=\"noopener\">Boeing Saudi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.boeing-me.com\/en\/boeing-in-saudi-arabia\" style=\"\" rel=\"noopener\">Arabia<\/a><\/strong><strong> to expand cooperation in supply chain and distribution<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.bahri.sa\/en\/news-insights\/news-insight\/2024\/boeing-bahri-logistics-sign-a-strategic-mou-to-enhance-supply-chain-activities-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">statement<\/a>. The two firms will use Bahri\u2019s existing supply chain avenues in the kingdom to collaborate in freight forwarding, warehousing, inventory management, and performance-based logistics consulting. The move aims to boost supply chain efficiency, particularly for KSA\u2019s defense sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SHIPPING + MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>QatarEnergy + Mitsui ink long-term supply agreement<\/strong><strong>:<\/strong><a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/vHome.aspx\" style=\"\" rel=\"noopener\">QatarEnergy<\/a> has signed a 10-year agreement to supply 11 mn barrels of condensates per annum to Japan-based <a target=\"_blank\" href=\"https:\/\/www.mitsui.com\/jp\/en\/index.html\" style=\"\" rel=\"noopener\">Mitsui & Co<\/a> \u2019s energy subsidiary <a target=\"_blank\" href=\"https:\/\/en.mitsui-energy.com\/\" style=\"\" rel=\"noopener\">Mitsui & Co Energy Trading Singapore<\/a> starting April, according to a <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3792\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement allows for boosting the volumes of condensate. Additional volumes of condensate are set to be exported from Qatar following the launch of its North Field East and North Field South expansion projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ROADS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>man\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/ITA\/default.aspx\" style=\"\" rel=\"noopener\">Ministry of Transport, Communications, and Information Technology<\/a><\/strong><strong> has <\/strong><strong>greenlit Al-Sharqiya Expressway Project's Phase 2<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/mtcit.gov.om\/ITAPortal_AR\/MediaCenter\/NewsDetail.aspx?NID=151414\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project \u2014 which costs around OMR 68 mn \u2014 stretches along 52 km and links North and South Al Sharqiyah. The initiative also involves converting the existing road into a three-lane dual carriageway with tunnels, bridges, and intersections. The project is slated for completion in 25 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SGS, Saudia\u2019s Flyadeal renews ground handling services contract:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.saudiags.com\/\" style=\"\" rel=\"noopener\">Saudi Ground<\/a><a target=\"_blank\" href=\"https:\/\/www.saudiags.com\/\" style=\"\" rel=\"noopener\">Services Co. (SGS)<\/a> will continue to provide ground handling services to Saudia-owned budget carrier <a target=\"_blank\" href=\"https:\/\/www.flyadeal.com\/en\/search-flight\" style=\"\" rel=\"noopener\">Flyadeal<\/a> under a three-year contract renewal worth SAR 800 mn, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_xQVbWuUhusOoGB8RJQacjRl0HElghuAo8e8ddaXx1V3bc29vCgQSIIKeM05VJgXNdb8m7sbxXWyNPJwHw9YAF8NOb9EfBE2c2BA_AxiFjgbCmTXFJQboAvlHjx_Kx9968hUJ2q_Am4h34EuGMRCey_TxD1-klseBVGzPKlaZp0qPD0qVx66BBtZ1bXIpec7MrSwMfCc5yKOC5Jm8cTeXu4miO1qfcq0melVScYkuRSr1IRutJkRMQFmsEszCIvaUk9p-4wrcDnuq\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODA1OC9jb21wYW55U3ltYm9sLzQwMzEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> last week. The contract covers the services for domestic and international flights at airports across the Kingdom, it said, expecting \"sustainable company revenues during the contract period.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt Air sells Airbuses to support fleet transformation:<\/strong> US-based aircraft leasing company Azorra has purchased 12 Airbus A220-300 planes from national flag carrier Egypt Air, a <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/ent.news\/2024\/2\/71.pdf&sa=D&source=editors&ust=1707120672090663&usg=AOvVaw1SGQsBhw62TB5IT6GRHhBE\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from Azzora\u2019s legal counsel for the transaction Matouk Bassiouny & Hennawy (MBH) said. The transaction will support Egypt Air\u2019s \u201congoing fleet transformation,\u201d the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar Airways Cargo adding new freighter service:<\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.qrcargo.com\/s\/&sa=D&source=editors&ust=1707120672091178&usg=AOvVaw0HzNG7YtauLOfjbm3Lzpj9\" style=\"\" rel=\"noopener\">Qatar Airways Cargo<\/a> is set to launch a new weekly freighter service from Munich with 300 tonnes of cargo capacity. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.linkedin.com\/posts\/qatar-airways-cargo_qatarairwayscargo-munich-muc-activity-7158804029764952064-BGdg\/?utm_source%3Dshare%26utm_medium%3Dmember_desktop&sa=D&source=editors&ust=1707120672091416&usg=AOvVaw2c-5UJbyVCzkkt1ho5BhKt\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>KSA\u2019s <\/strong><strong>Mawani records 148 inspections in January:<\/strong> The Saudi Ports Authority (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/mawani.gov.sa\/&sa=D&source=editors&ust=1707120672091778&usg=AOvVaw3UaxPPWHzWfooGJUPk0f2s\" style=\"\" rel=\"noopener\">Mawani<\/a>) recorded 148 inspections on shipping agents and ship chandlers in January 2024. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.facebook.com\/MawaniKSA\/posts\/pfbid0ebu6tqD2PCdopxnxsnYzWh36s2JKH1bCRCQNHxMNhRvgANFmC83eqv1gThwRvC9Sl&sa=D&source=editors&ust=1707120672091986&usg=AOvVaw1cYxY5PcMloLRA4lnB9ozR\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Iraqi Airways halts flights to Moscow: <\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.iraqiairways.com.iq\/&sa=D&source=editors&ust=1707120672092175&usg=AOvVaw1Fj3a0ak9-dWYZUjlV8xOf\" style=\"\" rel=\"noopener\">Iraqi Airways<\/a> has suspended flights between Baghdad and Moscow \u201cuntil further notice\u201d due to \u201coperational issues with the Russian side.\u201d (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.iraqinews.com\/iraq\/flights-between-baghdad-and-moscow-suspended\/&sa=D&source=editors&ust=1707120672092446&usg=AOvVaw0CW0Bf72MPhYAqn7HIne1R\" style=\"\" rel=\"noopener\">Iraqi News<\/a>)<\/li>\n<li><strong>EPG has rebranded:<\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.emiratespost.ae\/&sa=D&source=editors&ust=1707120672092658&usg=AOvVaw2qfeq03kYuQxx52CYX-o5z\" style=\"\" rel=\"noopener\">Emirates Post Group<\/a> (EPG) has revealed its new brand identity, dubbed 7X. The new brand brings Emirates Post, FINTX, and the Electronic Documents Centre (EDC) under its aegis. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/wam.ae\/article\/b1fg7d0-emirates-post-group-unveils-new-brand-identity&sa=D&source=editors&ust=1707120672092854&usg=AOvVaw26m9IpL8hgclJEFdHGtUwR\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Turkish Cargo<\/strong><strong> launches three new pharma products<\/strong><strong>:<\/strong> Turkish Cargo has kicked off TK Pharma Standard, TK Pharma Extra, and TK Pharma Advanced, boosting the air freighter\u2019s temperature controlled storage and specialized handling solutions for pharma and medical consignments. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.turkishcargo.com\/en\/about-us\/corporate\/news\/turkish-cargo-now-offers-3-new-pharma-products&sa=D&source=editors&ust=1707120672093182&usg=AOvVaw3943S5Jy44rpPI5dFh0K1x\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>COSCO expands further in North Africa<\/strong><strong>:<\/strong> Shanghai-based shipping company COSCO Shipping Lines has inaugurated its first Moroccan branch in Casablanca, with aims to boost its involvement in North Africa. (<a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.linkedin.com\/posts\/cosco-shipping-lines_morocco-casablanca-trade-activity-7158843150906572800-pjCz\/?utm_source%3Dshare%26utm_medium%3Dmember_desktop&sa=D&source=editors&ust=1707120672093466&usg=AOvVaw1HVKEREgps61o4CV87Ytw0\" 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\/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\/bahri\/\">Bahri<\/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\/ksa\/\">KSA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/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=\"76540\" 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=\"76540\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/boeing-holds-off-on-2024-guidance-and-admits-to-shortfalls-container-carriers-are-boosting-orders-for-company-owned-newbuilds\/\">\r\n                            Boeing holds off on 2024 guidance and admits to shortfalls, Container carriers are boosting orders for company-owned newbuilds                        <\/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\/2024\/02\/05\/boeing-holds-off-on-2024-guidance-and-admits-to-shortfalls-container-carriers-are-boosting-orders-for-company-owned-newbuilds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n     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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/boeing-holds-off-on-2024-guidance-and-admits-to-shortfalls-container-carriers-are-boosting-orders-for-company-owned-newbuilds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/120.JPG?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76541\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/02\/05\/boeing-holds-off-on-2024-guidance-and-admits-to-shortfalls-container-carriers-are-boosting-orders-for-company-owned-newbuilds\/120-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/120.JPG?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"120.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/120.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/120.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76540\" class=\"content-area-description single-story post-76540 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation 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\/2024\/2\/.e38fb005-dac6-4e1a-96fa-bba4389d8807.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing<\/strong><strong>will hold off on <\/strong>sharing or updating financial and operational objectives for 2024 but plans to stick to its 2025 and 2026 financial targets, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/31\/boeing-ba-q4-2023-earnings.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported last week, citing comments made by CEO Dave Calhoun told employees in a message. Financial targets for next year and 2026 see the company ramping up revenues to USD 100 bn by early next year. 4Q 2023 earnings saw the aircraft maker post a USD 30 mn loss, substantially less than the USD 663 mn loss it saw for the same period last year. Topline figures also improved, boosting 10% y-o-y to USD 22 bn, according to the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing has also called out itself on recent shortfalls: <\/strong>\u201cWe caused the problem. And we understand that,\u201d Calhoun said, referring to a recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">Alaska Airlines incident<\/a> which saw a Boeing 737 Max 9 forced to make an emergency landing after a panel blew out mid-flight. The Federal Aviation Administration (FAA) cleared the Max 9 to fly again last week, but said it would hold back Boeing\u2019s plans to boost its production rate for the aircraft. The National Transport Safety Board (NTSB) is expected to release a preliminary report on the Alaska Airlines incident in the coming days, CNBC wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Airbus delivered some 735 commercial aircraft in 2023, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dfb5bf6b-68b8-4c9f-9b73-050685364585\" style=\"\" rel=\"noopener\">rising steeply above<\/a> competitor Boeing's 480 deliveries. The deliveries solidify Airbus\u2019s title as the world\u2019s largest plane manufacturer for the fifth straight year, and cast doubt on whether the commercial aircraft market is still characterized by the long-running Boeing-Airbus duopoly.<\/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>Container carriers<\/strong><strong> are boosting orders for new builds in <\/strong><strong>a bid to curb their exposure to the charter market, <\/strong><a target=\"_blank\" href=\"https:\/\/www.seatrade-maritime.com\/containers\/container-lines-pivot-owned-vessels-newbuild-orders\" style=\"\" rel=\"noopener\">Seatrade Maritime<\/a> reported on Thursday, citing Braemar researcher Jonathan Roach. \u201cToday about 80% of the orderbook is liner company owned. Historically liner companies owned about 55% of ordered tonnage,\u201d Roach said. Nevertheless, analysts are mixed on whether this strategy will pay off for carriers, with some noting that carriers may find running costs for owned vessels higher than chartered ones, citing the substantial costs of newbuilds and high interest rates, the report said citing analysts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Ukraine targets Russian refinery<\/strong><strong>:<\/strong> Two Ukrainian attack drones hit on Saturday Russia\u2019s Volgograd oil refinery, the largest plant in the country\u2019s south. The attacks caused a fire to break out, but it has since been extinguished and operations at the refinery have resumed. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/ukraines-sbu-hits-russias-volgograd-oil-refinery-drone-attack-source-2024-02-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>EU leaders vow to ease environmental regulations<\/strong><strong> on farming:<\/strong> The EU plans to rethink recently passed climate-related legislation on farming. Farmers took to the streets in Brussels to protest environmental regulations that they say are hurting their businesses. <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/90a48881-db31-4132-8519-36c96ba7c513\" style=\"\" rel=\"noopener\">(Financial Times<\/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\/around-the-world\/\">AROUND THE WORLD<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76542\" 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\/2024\/02\/05\/76542\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76542\" class=\"content-area-description single-story post-76542 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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<\/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>5-7 February (Monday-Wednesday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cargofactsevents.com\/emea\/\" style=\"\">Cargo Facts EMEA 2024<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands. <\/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;\">, 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>, 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 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;\">, 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:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\">Future Warehouse & Logistics<\/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;\">, 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-size:11.5pt\">26-29 February (Monday-Thursday): <\/span><span style=\"-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;font-size:11.5pt\"><a href=\"https:\/\/www.wto.org\/english\/thewto_e\/minist_e\/mc13_e\/mc13_e.htm\" style=\"\">World Trade Organization's 13th Ministerial Conference<\/a><\/span><span style=\"font-weight:400;font-size:11.5pt;\">, 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-size:11.5pt\">27 February (Tuesday) :<\/span><span style=\"-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;font-size:11.5pt\"><a href=\"https:\/\/www.tradetechglobal.org\/tradetechforum24\" style=\"\">TradeTech Forum<\/a><\/span><span style=\"font-weight:400;font-size:11.5pt;\">, 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-size:11.5pt\">28 February (Wednesday): <\/span><span style=\"-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;font-size:11.5pt\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/hms-industrial-and-building-technology-event-to-bring-together-industry-leaders-in-dubai-ojtjtfyz\" style=\"\">Industrial and Building Technology event<\/a><\/span><span>, 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<\/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 <\/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>6 March (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LogisticsMiddleEastAwards\" style=\"\">The Logistics Middle East Awards<\/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>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 <\/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>28 April - 29 April (Sunday - Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\">World Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/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>April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.investinabudhabi.gov.ae\/News\/Abu-Dhabi-to-Host-DRIFTx-For-Smart-and-Autonomous-Mobility\" style=\"\">Driftx<\/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 style=\"font-weight:700;\">MAY <\/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>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">The Electric Vehicle Innovation Summit<\/a><\/span><span style=\"font-weight:400;\"> (EVIS), 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>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 <\/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 <\/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>7-9 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsic.net\/delegate-registration\/\" style=\"\">AFSIC \u2013 Investing in Africa,<\/a><\/span><span style=\"font-weight:400;\"> London. <\/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 <\/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 <\/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 December (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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span> 2H 2024: Bahri\u2019s barges for Saline Water Conversion Corporation (SWCC) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=4438553&lang=en-GB&companycode=sa-bahri&v=redesign\" style=\"\">begin<\/a><\/span><span style=\"font-weight:400;\"> initial and commercial operation.<\/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=\"font-weight:400;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will 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=\"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>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> <!-- 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