{"id":77641,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=77641"},"modified":"2025-12-15T14:24:13","modified_gmt":"2025-12-15T14:24:13","slug":"dp-world-rumo-will-build-a-new-grain-and-fertilizer-terminal-at-santos-port","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/dp-world-rumo-will-build-a-new-grain-and-fertilizer-terminal-at-santos-port\/","title":{"rendered":"DP World + Rumo will build a new grain and fertilizer terminal at Santos Port"},"content":{"rendered":"<section id=\"77643\" 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=\"77643\">\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\/03\/27\/today-more-americas-expansion-for-dp-world-baltimore-bridge-collapses\/\">\r\n                            TODAY: More Americas expansion for DP World + Baltimore bridge collapses                        <\/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\/03\/27\/today-more-americas-expansion-for-dp-world-baltimore-bridge-collapses\/\" 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>A quick programming note: <\/strong>Enterprise Logistics will be taking a publication holiday tomorrow and will be back in your inboxes at the usual time on Monday morning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>THE BIG LOGISTICS STORY OUTSIDE THE REGION- <\/strong><strong>A Sri Lanka-bound <\/strong><strong>Maersk-chartered container ship, dubbed Dali, collided with a bridge in <\/strong><strong>Baltimore<\/strong><strong> causing it to collapse.<\/strong> Six workers are missing and presumed dead due to frigid water conditions after the massive cargo ship reportedly lost power and rammed into the bridge. Search-and-rescue operations were suspended about 18 hours after the accident, US Coast Guard and Maryland State Police officials said. Eight people were on the bridge when the collision happened, Maryland\u2019s transport secretary said a few hours after the incident. Rescuers pulled two survivors out of the water.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened?<\/strong> The Dali was exiting Baltimore\u2019s port when it reported a problem with power and signaled a \u201cmayday\u201d before striking Baltimore\u2019s Francis Scott Key Bridge. Footage of the incident shows the vessel hitting one of the bridge\u2019s columns, causing it to collapse into the water in seconds, with some parts of the bridge falling onto the Dali and resulting in a fireball.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baltimore\u2019s closure is bad news for US supply chains: <\/strong>The port is the largest import point for cars into the US, handling upwards of 750k vehicles last year It is also the largest importer of farm and agricultural machinery, and agricultural products. Tthe bridge\u2019s collapse has stranded some 40 vessels within the port with another 30 vessels signaling the port as their destination. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed a lot of ink in the international press: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/16-mile-bridge-baltimore-collapses-after-ship-collision-fox-baltimore-reports-2024-03-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/baltimore-bridge-collapse-53169b379820032f832de4016c655d1b\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/dc-md-va\/2024\/03\/26\/baltimore-key-bridge-collapse-maryland\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6225f58f-bd1d-44d1-b061-3b6b9ab30d83\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/interactive\/2024\/03\/26\/us\/baltimore-key-bridge-collapse-maps.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/world-us-canada-68663071?src_origin=BBCS_BBC\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2024\/03\/26\/us\/baltimore-key-bridge-collapse-tuesday\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2024\/mar\/26\/baltimore-francis-scott-key-bridge-collapse-what-we-know\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/p>\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><a id=\"wwtt2\"><\/a>#1-<\/strong><strong>Boeing needs a \u201cstrong engineering lead\u201d after its upper management shuffle<\/strong>, Emirates president Tim Clark told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/2024\/03\/26\/boeings-new-ceo-must-be-strong-engineering-lead-emirates-boss-says\/\" style=\"\" rel=\"noopener\">the National<\/a>. \u201cWhether, yet again, this changing of the guard will resolve Boeing\u2019s issues, only time will tell, but time, unfortunately, is not on their side,\u201d Clark added. Emirates is a leading customer for Boeing, and Clark had previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3f152528-8823-4d4d-8fcb-75278367ad8b\/today:-adq-is-considering-a-listing-for-etihad-airways-%2B-rubymar-sinks-off-the-coast-of-yemen\" style=\"\" rel=\"noopener\">hinted at the need for a shakeup<\/a> in the aircraft maker\u2019s leadership to remedy persistent quality problems and delays in deliveries, the National said. Analysts also agree that Boeing\u2019s next chief must be an experienced aerospace engineer, the outlet also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Boeing\u2019s top management is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c445b15e-4fc6-45bc-b51d-621ace527a7d\/today:-etihad-cargo-expands-african-network-%2B-houthis-warn-ksa-to-rein-in-us-support\" style=\"\" rel=\"noopener\">facing a reshuffle<\/a>, with CEO Dave Calhoun set to step down by the end of the year. Former Qualcomm CEO Steve Mollenkopf has been tapped to serve as Boeing\u2019s new chairman and will begin searching for Calhoun\u2019s replacement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A<\/strong><strong> seventh tanker, sanctioned by the US, hauling a cargo of Russian Sokol oil was set <\/strong><strong>to arrive at China\u2019s Tianjin port yesterday to discharge its cargo<\/strong>,<strong> <\/strong>clearing a backlog of the crude grade that was stored on ships, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/final-sanctioned-tanker-with-russian-sokol-oil-reach-china-port-data-shows-2024-03-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing LSEG and Kpler tracking data. Six other sanctioned tankers carrying Sokol oil arrived at the port earlier this month. A spike in US sanctions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/30c0b7c8-e3e2-415d-9f4e-61cecc6d91bc\/hapag-lloyd-sees-a-drop-in-2023-earnings-%2B-ukraine-will-not-extend-its-gas-transit-agreement-with-russia\" style=\"\" rel=\"noopener\">targeting Russian tankers<\/a> have seen Russia \u201cstruggling with a Sokol glut,\u201d the newswire said, with some 10 mn barrels of the crude grade stuck in floating storage amid payment difficulties due to the sanctions. India withdrew from Sokol purchases in a bid to avoid being hit by sanctions itself, giving way to China to uptake the fuel grade, in place of more expensive Iranian crude, the newswire said, citing traders and shipping data.<\/p>\n<p class=\"tag-border-left\">DISRUPTION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>H<\/strong><strong>outhis have carried out six attacks with drones and missiles in the Red Sea and <\/strong><strong>Gulf of Aden over 72 hours<\/strong>,<strong> <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-attacked-four-ships-gulf-aden-red-sea-2024-03-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing the Iranian-backed group\u2019s military spokesperson Yahya Sarea. The group targeted Maersk Saratoga, APL Detroit, Huang Pu \u2014 identified as US or British \u2014 and Pretty Lady enroute to Israel, Sarea said. Attacks also targeted two US destroyers in the Red Sea, and Eilat in Israel, he added. Maersk later rebutted Houthi claims that the Saratoga was attacked, which is currently continuing its journey, the newswire added, citing company statements. <\/p>\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>Turkey and Egypt are mired with oil spills: <\/strong>Egypt and Turkey are among the worst hotspots for <a target=\"_blank\" href=\"https:\/\/www.noaa.gov\/education\/resource-collections\/ocean-coasts\/oil-spills\" style=\"\" rel=\"noopener\">oil slicks<\/a> \u2014 spills of liquid petroleum hydrocarbons into the marine ecosystem \u2014 by ships despite their strategic maritime locations and reliance on tourism, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/24a7c50b-85f4-49d2-a14c-c4fb64e64748\" style=\"\" rel=\"noopener\">The Financial Times<\/a> reports. Through the use of satellite imagery and AI, researchers have identified over 2.7k oil slicks globally as a result of cheap fuel filtering and improper waste disposal, mostly located in Southeast Asia, the FT explains. Countries like Egypt and Turkey, need to monitor and report these violations more effectively, FT suggests. Experts are also calling for stringent enforcement of maritime laws to curb the pollution.<\/p>\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>#1- <\/strong><strong>Baltic index hits a three-month low:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was down 3.3% to 2,123 points on Monday, driven by falling rates in the capesize and panamax vessel segments, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-slips-to-three-week-low-on-weaker-capesize-panamax-rates\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The larger capesize subindex dropped 5.4%, at 3,295 points, hitting its lowest since 27 February, while panamax dipped 2.1% at 2,120 points. Meanwhile, the smaller supramax segment inched up to 1,386 points, the newswire said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oil pr<\/strong><strong>ices held steady on Tu<\/strong><strong>esday<\/strong>,<strong>&nbsp;<\/strong>as investors factored a more nuanced view of supply disruptions in Russia on the back of Ukrainian attacks, and a weaker USD buoyed the market, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-prices-extend-upward-momentum-expectations-tighter-supply-2024-03-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Front-month Brent crude futures shed USD 0.11 to USD 86.64 a barrel by 14.15 GMT, while US West Texas Intermediate (WTI) futures gained USD 0.06 to USD 82.01 a barrel, meanwhile Brent futures for June notched down USD 0.04 to USD 86.04 a barrel, the newswire said. Ukrainian attacks have seen some 14% of Russia\u2019s refining capacity taken offline, Reuters said citing its own calculations, while a restoration to 2023 capacity is not expected until this year\u2019s second half, FGE analysts said. \u201cThe impact of refining disruptions on crude prices is mixed, with a bearish effect from the decline in refinery demand and a bullish effect from the potential reduction in Russia oil exports,\u201d the newswire said citing a Goldman Sachs analyst. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>LNG shipping stocks dipped last week<\/strong><strong>:<\/strong> The <a target=\"_blank\" href=\"https:\/\/up-indices.com\/\" style=\"\" rel=\"noopener\">UP World LNG Shipping Index<\/a> (UPI), which tracks share prices for companies that specialize in shipping LNG, shed 0.83% last week to close at 155.02 points, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/lng-shipping-stocks-back-in-2023\/\" style=\"\" rel=\"noopener\">UP Indices<\/a> reports. The same period saw the S&amp;P 500, which tracks US companies, rally 2.29%.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;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 Abu Dhabi Mobility Week from Wednesday, 24 April to Wednesday, 1 <\/strong><strong>May <\/strong>in Abu Dhabi. The event, organized by The Department of Municipalities and Transport \u2013 Abu Dhabi (DMT), will feature announcements, forums, and introduce a mobility strategy for the emirate. <\/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>Iran will host the second Iran-Africa International Summit from Wednesday, 24 April <\/strong><strong>through to Friday, 26 April<\/strong> in Tehran. The event will see Iran receive trade ministers from more than 40 African countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host a special World Economic Forum event fr<\/strong><strong>om Sunday, 28 April through to Monday, 29 April<\/strong> in Riyadh. The event will focus on global collaboration and energy.<\/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 23rd edition of the Airport Show from Tuesday, 14 May through to <\/strong><strong>Thursday, 16 May<\/strong> in Dubai. The 23rd Airport Show will see representation from airport suppliers, airport service providers, aviation executives, and regional decision makers. The event will highlight current innovations and new technologies, while emphasizing this year\u2019s \"Sustainability and Innovation,\" theme. <\/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 Electric Vehicle Innovation Summit 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\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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n              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 \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Ports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/dp-world-rumo-to-build-new-grain-and-fertilizer-terminal-at-brazils-santos-port\/\">\r\n                            DP World + Rumo to build new grain and fertilizer terminal at Brazil\u2019s Santos 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 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alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/dp-world-rumo-to-build-new-grain-and-fertilizer-terminal-at-brazils-santos-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2386.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77647\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/dp-world-rumo-to-build-new-grain-and-fertilizer-terminal-at-brazils-santos-port\/2386-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2386.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2386.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2386.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2386.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77646\" class=\"content-area-description single-story post-77646 post type-post status-publish format-standard has-post-thumbnail hentry category-ports tag-cargo tag-dp-world tag-ports tag-rail 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\/3\/.33e497e8-8492-4132-b094-03d7f0e7aefb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D<\/strong><strong>P World has inked an agreement with Brazil\u2019s leading railway operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rumolog.com\/\" style=\"\" rel=\"noopener\">Rumo<\/a><\/strong><strong> to <\/strong><strong>establish a new ter<\/strong><strong>minal for grains and fertilizers at Port Santos,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/en\/brazil\/news\/latest-news\/rumo-e-dp-world-anunciam-acordo-para-construcao-de-novo-terminal-de-graos\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement will boost the port\u2019s handling capacity by some 12.5 mn tons per year \u2014 including 9 mn tons of grains and 3.5 mn tons of fertilizer \u2014 in a bid to boost Brazil\u2019s long-term agricultural competitiveness. Rumo will pour USD 500 mn of investment into the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The new terminal will be developed in DP World\u2019s private-use terminal on Santos\u2019 left bank, the statement said. The agreement's initial operating period is for 30 years, with an option to extend subject to DP World\u2019s approval. DP World will overlook port operations, including cargo movement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> Construction is expected to take some 30 months, upon fulfillment of precedent conditions such as government approvals, the statement also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a roll: <\/strong>DP World invested some USD 50 mn as part of a larger USD 85 mn terminal expansion project to boost its container operations at the port, acquiring 21 new port assets to increase capacity to some 1.7 mn TEU, according to a separate <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/en\/brazil\/news\/latest-news\/dp-world-anuncia-novo-investimento-de-250-milhoes\" style=\"\" rel=\"noopener\">statement<\/a> released last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThe railway mode is structurally the most effective, secure, competitive, and low-carbon logistics solution for moving large volumes of commodities for export, as well as for imported cargo, with inputs that increase the productive capacity of Brazilian agribusiness. Combined with the State Railway of Mato Grosso, which we are building to expand rail reach in the Midwest, the new terminal reinforces the prominence of the Port of Santos as the main logistics corridor for agriculture, and consequently a lever of competitiveness for the country's economy,\u201d Rumo CEO Pedro Palma said. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/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\/rail\/\">RAIL<\/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=\"77648\" 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=\"77648\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/could-tristar-revive-its-ipo-process\/\">\r\n                            Could Tristar revive its IPO process?                        <\/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\/03\/27\/could-tristar-revive-its-ipo-process\/\" 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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Tristar has reportedly tapped <a target=\"_blank\" href=\"https:\/\/denovoca.com\/\" style=\"\" rel=\"noopener\">deNovo Partners<\/a> to work on the sale process, with the pair looking to bring aboard another advisor to assist, the sources said. Details on the valuation and stake on offer have not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Tristar\u2019s investors are looking to bank on the company\u2019s improved performance, on the back of its expansion to 29 countries, compared to the 21 countries it operated in during a previous round of IPO talks which <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubai-logistics-firm-tristar-drops-ipo-plans-2021-04-14\/\" style=\"\" rel=\"noopener\">fell through in 2021<\/a>. Current IPO talks are ongoing, but could break down, the sources said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the ditched IPO:<\/strong> Tristar withdrew its 24% offering on DFM \u201clargely due to a mismatch in valuation expectations and investor education,\u201d Chief Executive Eugene Mayne had told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-14\/tristar-is-set-to-pull-ipo-as-investors-push-back-on-valuation-knhajhsp\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Tristar\u2019s withdrawal was seen as a setback for Dubai\u2019s financial markets in 2021, with the city seeing a years-long dry spell in listings. The firm had initially planned a London listing, but withdrew after a fraud case involving London-listed NMC Health stoked anxieties about governance and transparency vis-a-vis GCC-based firms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Tristar saw its revenues surge 78.3% y-o-y to USD 554 mn in 1H 2023, according to a <a target=\"_blank\" href=\"https:\/\/tristar-group.co\/news_and_events\/post\/333\/Tristars_consolidated_revenues_jump_783_to_554_million_in_first_half_2023\" 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>About Tristar: <\/strong>Tristar is 65% owned by Kuwait\u2019s Agility, with Gulf Investment Corp holding a 20% stake, and Mayne owning the remainder, Bloomberg said. The firm describes itself as a fully integrated energy logistics outfit serving downstream oil and gas sectors, and is active in maritime and road transport, bunkering, fuel storage, and other fields, according to its <a target=\"_blank\" href=\"https:\/\/tristar-group.co\/#section2\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tristar\u2019s recent activities: <\/strong>The firm inaugurated a new 10k sqm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3e4755f7-c227-4212-a7d4-e2059defab9c\/%253cmark%253etristar-%253c%2Fmark%253eqatar-inaugurates-a-new-road-transport-facility\" style=\"\" rel=\"noopener\">trucking staging station<\/a> facility in Qatar in September 2023, and inked an agreement with Turkish Akdeniz Shipyard to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fa1b4cb2-365e-45a4-a5c9-a28e095f80af\/fujairah%25e2%2580%2599s-getting-electric-bunkering-barge-%2B-etihad-rail-collaborates-with-al-dahra-for-agricultural-product-transport\" style=\"\" rel=\"noopener\">hybrid bunker barge<\/a> for the UAE\u2019s Port of Fujairah, scheduled for commission in 1Q 2025.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/agility-logistics\/\">Agility Logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mena-ipos\/\">MENA IPOs<\/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=\"77650 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=\"77650\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/77650\/\">\r\n                    <div class=\"photo photo--above\">\r\n                    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     id=\"77651\">\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\">Enterprise Explains<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/enterprise-explains-how-global-shipping-is-impacting-the-arctics-battle-against-climate-change\/\">\r\n                            Enterprise Explains: How global shipping is impacting the Arctic\u2019s battle against climate change                        <\/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 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1566.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1566.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1566.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1566.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77651\" class=\"content-area-description single-story post-77651 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-dp-world tag-emissions tag-enterprise-explains 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\/4\/.dc8a642e-406c-4ae4-89a4-d8fa7037f822.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Arctic is becoming increasingly navigable for ships as sea ice melts due to rising <\/strong><strong>global temperatures opening new trade routes.<\/strong> The shift in shipping routes is accelerating the release of CO2 and black carbon (BC) from oil-based fuels used in ships using heavy fuel oils (HFOs), according to a <a target=\"_blank\" href=\"https:\/\/cleanarctic.org\/2024\/03\/18\/mepc81-imo-urged-to-create-new-arctic-areas-free-from-shipping-pollution\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week, prompting Canada, Norway, and the <a target=\"_blank\" href=\"https:\/\/cleanarctic.org\/campaigns\/the-arctic-climate-crisis\/\" style=\"\" rel=\"noopener\">Clean Arctic Alliance<\/a> (CAA) \u2014 an alliance of some 20 environmental groups \u2014 to push for the adoption of emission control areas (ECAs) in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The International Maritime Organization (<\/strong><strong>IMO<\/strong><strong>) approved two new ECAs<\/strong><strong> in the Canadian Arctic waters and Norwegian Sea<\/strong><strong>last week<\/strong>, during a <a target=\"_blank\" href=\"https:\/\/www.imo.org\/en\/MediaCentre\/MeetingSummaries\/Pages\/PREVIEW-MEPC-81,18-22-March-2024-.aspx\" style=\"\" rel=\"noopener\">Marine Environment Protection Committee<\/a> (MEPC) session held in London, CAA Lead Advisor Sian Prior told Enterprise Logistics. The two proposals will be sent to MEPC 82 for adoption, taking place between 30 September and 4 October, Prior added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is set to ensure expanded protection from air emissions in Canadian Arctic <\/strong><strong>waters and the Norwegian Sea<\/strong>, by limiting emissions of sulfur oxides and nitrogen oxides from international shipping. The ECAs have the \u201cpotential to drive broad positive change, especially if the shipping sector complies with the designation by switching to low-sulfur distillate fuels or other cleaner non-fossil fuels,\u201d Prior told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why focus on black carbon particles?<\/strong> \u201cBlack carbon constitutes 20% of the shipping sector\u2019s global climate impact, and it is five times more potent a climate disruptor when emitted in the Arctic region,\u201d Prior said. Black carbon particles, which are emitted into the environment via the exhaust fumes of ships burning HFOs, contribute to the accelerated warming of the Earth\u2019s atmosphere, according to a <a target=\"_blank\" href=\"https:\/\/cleanarctic.org\/campaigns\/the-arctic-climate-crisis\/black-carbon-in-the-arctic\/\" style=\"\" rel=\"noopener\">CAA<\/a> report. Arctic shipping has caused BC emissions to grow by 85% between 2015 and 2019 in the region and 8% globally over the past decade, according to data cited in the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IMO regulatory measures are falling short: <\/strong>The IMO has established guidelines for mitigation measures to reduce the risks of using and carrying for use of HFO in Arctic waters, according to a <a target=\"_blank\" href=\"https:\/\/cleanarctic.org\/2024\/02\/23\/ppr-11-progress-made-but-imo-fails-to-act-on-black-carbon-emissions-despite-credible-and-direct-pathway\/\" style=\"\" rel=\"noopener\">statement<\/a> released earlier this week. The international body\u2019s PPR11 regulation, which bans the use and carriage of HFO in Arctic waters, takes effect 1 July. However, \u201cexemptions and waivers means that company\u2019s can still circumvent the legislation until 1 July 2029,\u201d Prior told us. She stresses that the \u201cIMO continues to delay on taking short-term measures such as regulating the reduction of black carbon emissions and commencing discussions of a strengthened carbon intensity indicator to reduce greenhouse gas emissions.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe need to reduce the impact of black carbon in the Arctic by 2030,\u201d <\/strong>Prior told us.At present, the IMO has no mandatory legislation regulating black carbon in the Arctic region, instead there is just guidance. \u201cIdeally a black carbon regulation should apply throughout the whole Arctic,\u201d which Prior notes is challenging at the moment given rising geopolitical tensions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arctic routes are poised to see a surge in traffic: <\/strong>Russia is looking to develop a year-round route that crosses the Arctic, with the North Sea Route (NSR) running from Murmansk near the Russian-Norwegian border to the Bering Strait near Alaska now accessible due to the melting of Arctic Sea ice. Russia welcomed global investment into the initiative during the 2023 Belt and Road Forum in Beijing last October, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/putin-praises-xi-pitches-russias-northern-sea-route-2023-10-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. \u201cStarting [2024], navigation for ice-class cargo ships along the entire length of the Northern Sea Route will become year-round,\u201d Vladimir Putin said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia also boosted its forecast for NSR volumes 50% to 224 mn tons by 2030<\/strong>,<strong> <\/strong>with between 74 mn and 81 mn targeted for this year, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/russia-raises-core-forecast-traffic-arctic-sea-route-kommersant-2023-10-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last October, citing Russia\u2019s Kommersant newspaper. This will be dependent on the integration of key energy projects along the route. Just the month prior Russian energy giant Gazprom delivered its first cargo of LNG to China via the Arctic Northern Sea Route, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/gazprom-delivers-its-first-lng-cargo-china-via-arctic-2023-09-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported citing LSEG data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does this mean?&nbsp;<\/strong>Transit routes through the Northern sea have significantly changed since 2022 due to international sanctions on Russian crude oil, Prior told Enterprise. \u201cTraffic instead of coming from Russia to the West, is going from Russia to the east,\u201d said Prior, which is leading to longer transit times and the increased movement of shipping in a direction that hasn\u2019t been experienced at this volume in the past, she said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional players are also venturing in: <\/strong>UAE port operator DP World entered into a USD 10.3 mn joint venture with Russian nuclear agency Rosatom to develop container shipping through the Arctic last October, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/russia-sets-up-joint-venture-with-dp-world-develop-arctic-sea-route-2023-10-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. DP World\u2019s Russian unit will own 49% of the joint venture, with 51% held by Rosatom, the newswire said. The agreement seeks to complete the design of infrastructure facilities and calculate the volume of investments needed, and represents a big win for Putin\u2019s drive to attract global investors in NSR, the newswire also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In part two of this explainer<\/strong>,<strong> <\/strong>we will look at how proposed regulations will impact the global shipping industry and the impact it might have on our region\u2019s burgeoning alternative fuels industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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id=\"77654\" 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=\"77654\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/gafi-hands-out-six-new-golden-licenses-egypts-abu-qir-port-gets-new-cranes-uaes-civil-aviation-deploys-cards\/\">\r\n                            GAFI hands out six new golden licenses, Egypt\u2019s Abu Qir Port gets new cranes, UAE\u2019s civil aviation deploys CARDS                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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   <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2367.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77655\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/gafi-hands-out-six-new-golden-licenses-egypts-abu-qir-port-gets-new-cranes-uaes-civil-aviation-deploys-cards\/2367-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2367.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2367.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2367.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2367.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77654\" class=\"content-area-description single-story post-77654 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-cargo tag-egypt 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\/3\/.1867ef0f-b1db-4b59-b3ce-6cd1a8b9a544.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">INVESTMENT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s General Authority for Investment and <\/strong><strong>Freezones<\/strong><strong> (GAFI) has issued six <\/strong><strong>new <\/strong><strong>golden licenses <\/strong><strong>for projects in the country<\/strong>,<span style=\"background-color: transparent;\">&nbsp;with a total value of EGP 5.6 bn, according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid02kbS4ELx8drCYF63SGLPi1bhHTNo6awHVxDRpcaLLZHYUn9bqQN6GRNaJUMGTCr6El\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\">. The <\/span><a target=\"_blank\" href=\"https:\/\/www.neric.com\/\" rel=\"noopener\">National Egyptian Railway Industries Company<\/a><span style=\"background-color: transparent;\"> will establish and operate a factory for rail supplies and parts in the Suez Canal Economic Zone with an investment of EGP 3.6 bn and <\/span><a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/subsidaries\/transport-and-logistics\" rel=\"noopener\">Hassan Allam<\/a><span style=\"background-color: transparent;\"> has received a golden license to establish, manage, operate, and maintain a strategic warehouse in Luxor with an Investment of EGP 1.5 bn, according to the statement. Enviroprocess, Nilos Residential, Nilos Hotel, and Ice Linx were also issued licenses for smaller projects.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is a golden license?<\/strong> The golden license is a comprehensive license for all permits required for the set up, operation and management of companies in Egypt. The granting of these golden licenses brings the total number to 29 licenses granted so far, GAFI said. Check out Enterprise Egypt\u2019s explainer on how golden licenses work <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d03b6507-b649-4f52-9d7b-1c4bdf41420a\/enterprise-explains:-golden-licenses-for-industry\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\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>The UAE\u2019s General Civil Aviation Authority (GCAA) launched a new cargo<\/strong><strong> monitoring platform, dubbed the Cargo Data <\/strong><strong>Reporting System (Cards)<\/strong>, providing data analysis to government agencies, airlines, ground handling agents, and express service providers, Wam reports. The platform will provide an analytical view of air cargo movements to, from, and through the UAE, analyzing performance of national airlines, ground handling agents, and express service providers. The system will allow stakeholders to identify their strengths and weaknesses to boost their competitiveness, the UAE\u2019s Economy Minister Abdullah bin Touq Al Marri said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh Air is now part of the United Nations Global Compact (UNGC) initiative<\/strong> \u2014 a corporate sustainability initiative focused on promoting sustainable development goals, according to a <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-center\/riyadh-air-joins-united-nations-global-compact-with-the-intentio\" style=\"\" rel=\"noopener\">statement<\/a>. In a formal letter to UN Secretary General Antonio Guterres, the PIF-owned airline pledged to adhere to the UN Global Compact\u2019s ten principles on sustainable practices in environment, labor, and anti-corruption. The airline also plans to release its inaugural sustainability report prior to its inaugural flight scheduled for mid-2025.<\/p>\n<p class=\"tag-border-left\">EQUIPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alexandria\u2019s Abu Qir sea port has acquired five quay cranes including large <\/strong><strong>STS<\/strong>, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d9%85%d9%8a%d9%86%d8%a7%d8%a1-%d8%a3%d8%a8%d9%88-%d9%82%d9%8a%d8%b1-%d8%a7%d9%84%d8%a8%d8%ad%d8%b1%d9%8a-%d9%8a%d8%b3%d8%aa%d9%82%d8%a8%d9%84-5-%d8%a3%d9%88%d9%86%d8%a7%d8%b4-%d8%b1%d8%b5%d9%8a%d9%81\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says have knowledge of the matter. The port received two giant STS dock winches, two mobile cranes, as well as an RTG yard winch. Three large quay cranes and six RTG yard cranes have been delivered for use by the Chinese Hutchison Port Company, an international operator of container terminals. Abu Qir Port, Egypt\u2019s deepest in the Mediterranean, features a berth draft of up to 22 meters and a 6.25k-meter linear length, as well as a 650-meter sea dock boasting a 17-meter draft.<\/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>Jordan Airmotive + National Airlines expand partnership<\/strong><strong>:<\/strong> US cargo airline <a target=\"_blank\" href=\"https:\/\/www.nationalairlines.com\/\" style=\"\" rel=\"noopener\">National Airlines<\/a> is set to receive a second CF6-80C2B5F engine from engine maintenance, repair, and overhaul (MRO) company <a target=\"_blank\" href=\"https:\/\/jordanairmotive.com\/en\/\" style=\"\" rel=\"noopener\">Jordan Airmotive<\/a>. (<a target=\"_blank\" href=\"https:\/\/jordanairmotive.com\/en\/mr-mahmoud-bashir-names-walid-rihani-as-deputy-chief-executive-officer-at-jordan-airmotive\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Royal Jordanian Airlines expands cargo fleet<\/strong><strong>:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.rj.com\/\" style=\"\" rel=\"noopener\">Royal Jordanian Airlines<\/a> has added an A321 freighter to its cargo fleet, the first of its kind for the region. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/RoyalJordanian\/videos\/on-sunday-we-celebrated-the-arrival-of-our-a321-freighter-aircraft-the-first-of-\/667158645496199\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cargo\/\">CARGO<\/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\/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=\"77656\" 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=\"77656\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/27\/one-eyes-3-mn-teu-capacity-by-2030-alibaba-calls-of-ipo-of-logistics-arm-cainiao\/\">\r\n                            ONE eyes 3 mn TEU capacity by 2030 + Alibaba calls of IPO of logistics arm Cainiao                        <\/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\/03\/27\/one-eyes-3-mn-teu-capacity-by-2030-alibaba-calls-of-ipo-of-logistics-arm-cainiao\/\" 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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ONE will pour in some USD 25 bn in capital investments and an additional USD 10 bn in associated assets over the next five years, which may see it also transfer some of its assets to shareholders NYK, MOL, and K Line. The move \u201crepresents a belated attempt to regain market share, after successive years of sub-par growth,\u201d Linerlytica said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in the 3 mn TEU club?<\/strong> Mediterranean Shipping Company (MSC), AP Moller-Maersk, CMA CGM, and Cosco Shipping have capacity exceeding the 3 mn TEU mark, according to <a target=\"_blank\" href=\"https:\/\/mykn.kuehne-nagel.com\/news\/article\/one-outlines-major-growth-plan-to-hit-3m-teu-25-Mar-2024\" style=\"\" rel=\"noopener\">Lloyds List<\/a>. ONE currently operates over 1.8 mn TEU, and has an additional 30% on order, meaning it needs to add 700k TEU over the next five to six years, not counting retiring ships, according to LLoyds.<\/p>\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>Chinese e-commerce platform Alibaba has called off an IPO for its <\/strong><strong>Hong Kong-based logistics arm Cainiao<\/strong><strong>,<\/strong> which was forecasted to raise as much as USD 1 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-26\/alibaba-calls-off-cainiao-s-ipo-after-market-slump-worsens?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Alibaba, which owns 64% of Cainiao, has announced plans to buy out the rest of the stock in the company held by employees and investors for USD 3.75 bn. The firm has chosen to postpone the transactions due to Kong Kong\u2019s poor market conditions, but may revive the IPO should the market bounce back, sources familiar with the matter told Bloomberg. The company\u2019s Q4 2023 earnings failed to meet expectations of a 5% y-o-y rise to its top-line, which is explained by the loss of market share to e-commerce competitors like Chinese tech company <a target=\"_blank\" href=\"https:\/\/www.bytedance.com\/en\/\" style=\"\" rel=\"noopener\">ByteDance Ltd<\/a>, the outlet said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/e-commerce\/\">e-commerce<\/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=\"77658\" 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\/03\/27\/77658\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77658\" class=\"content-area-description single-story post-77658 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>24 April- 1 May ( Wednesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\">Abu Dhabi Mobility Week<\/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>24 April- 26 April (Wednesday-Friday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\">The second Iran-Africa International Summit<\/a><\/span><span style=\"font-weight:400;\">, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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, 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>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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b25n998-under-patronage-mansour-bin-zayed-inaugural-global\" style=\"\">The Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">(Global Rail), 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>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, UK. <\/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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theheatshow.com\/beta\/\" style=\"\">The Heavy Equipment and Truck (HEAT) Show<\/a><\/span><span style=\"font-weight:400;\">, Dhahran Expo, Damman, 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;\">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, Senegal.<\/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=\"font-weight:400;\">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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/27-02\/DCC-partners-with-Worldef-International\" style=\"\">The Cross-Border Digital Trade Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/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 style=\"font-weight:400;\">4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Trouble in Baltimore | More Americas expansion for DP World | Could UAE logistics firm Tristar revive its IPO process?<\/p>\n","protected":false},"featured_media":77642,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77641","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c1f83972-5b8d-418f-a13f-4574d304e520","teaser":"Trouble in Baltimore | More Americas expansion for DP World | Could UAE logistics firm Tristar revive its IPO 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