{"id":77847,"date":"2024-04-08T00:00:00","date_gmt":"2024-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=77847"},"modified":"2025-12-15T14:27:32","modified_gmt":"2025-12-15T14:27:32","slug":"egypt-restarts-lng-imports-issues-a-warning-to-importers-on-abandoned-goods","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/egypt-restarts-lng-imports-issues-a-warning-to-importers-on-abandoned-goods\/","title":{"rendered":"Egypt restarts LNG imports + issues a warning to importers on abandoned goods"},"content":{"rendered":"<section id=\"77849\" 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=\"77849\">\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\/04\/08\/today-lots-of-egypt-trade-news-dp-worlds-eyes-another-acquisition\/\">\r\n                            TODAY: Lots of Egypt trade news + DP Worlds eyes another acquisition                        <\/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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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/today-lots-of-egypt-trade-news-dp-worlds-eyes-another-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/466.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77850\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/today-lots-of-egypt-trade-news-dp-worlds-eyes-another-acquisition\/466-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/466.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"466.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/466.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/466.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77849\" class=\"content-area-description single-story post-77849 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-aviation tag-egypt tag-morocco tag-trade tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.d38dbb33-5e24-4bd5-b186-91482bf7c95f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have a packed issue this morning with lots of updates from Egypt and a smattering of M&amp;A, debt and investment updates from around the region and beyond, but first\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPY EID, EVERYONE- <\/strong><strong>Enterprise Logistics will be taking a break for Eid Al Fitr starting tomorrow<\/strong>, but we will be back in your inbox at our usual time with all the latest regional logistics industry updates on Monday, 15 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY ABROAD- Baltimore continues to capture the industry\u2019s <\/strong><strong>attention:&nbsp;<\/strong>Limited access to commercial shipping at Baltimore is set to come online by the end of the month with full capacity expected to be restored by the end of May. A \u201climited access channel 280 feet wide and 35 feet deep\u201d is set to open by month\u2019s end permitting access to RoRo vessels transporting cars and farm equipment. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2006ebe5-184b-4fdb-9500-fec741593eca\/today:-ad-ports-will-develop-iraq%25e2%2580%2599s-grand-faw-port\" style=\"\" rel=\"noopener\">Two auxiliary channels<\/a> which have been opened so far at the accident site of the Baltimore Francis Scott Key Bridge after a Maersk-chartered container ship <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ddf16267-4d61-4596-8947-960045d0d02c\/today:-more-americas-expansion-for-dp-world-%2B-baltimore-bridge-collapses\" style=\"\" rel=\"noopener\">collided with the bridge two weeks ago<\/a>. The channels have allowed emergency vessels, tugs, and barges to move around wreckage, but do not have the capacity for cargo ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story continued to grab a lot of ink in the international press<\/strong><strong> over the weekend:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/baltimore-shipping-set-resume-by-end-april-with-full-capacity-by-end-may-2024-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/05\/us\/baltimore-shipping-channel-reopen.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-05\/biden-demands-baltimore-bridge-money-as-costly-rebuild-looms\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/dc-md-va\/interactive\/2024\/baltimore-bridge-cleanup-steps\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/04\/04\/us\/fort-mchenry-channel-timeline-baltimore-bridge\/index.html\" style=\"\" rel=\"noopener\">BBC<\/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=\"wwtt1\"><\/a>#1- Morocco denies playing favorites on Ryanair vs RAM: <\/strong>Morocco\u2019s tourism ministry has denied offering subsidies or other financial aid to Ireland-based budget carrier Ryanair for its domestic flight operations in the country, <a target=\"_blank\" href=\"https:\/\/www.mapnews.ma\/en\/actualites\/economy\/ministry-denies-subsidies-ryanair-domestic-flights-morocco\" style=\"\" rel=\"noopener\">MAP<\/a> reported on Friday, citing a ministry statement. The ministry sought to address concerns that Ryanair\u2019s new domestic network will affect the competitiveness of national carrier Royal Air Maroc (RAM), indicating that Ryanair\u2019s routes in the country do not overlap with those serviced by RAM and that the new partnership with Ryanair aims to boost \u201ccomplementarity rather than direct competition,\u201d while also promoting tourism by extending tourists\u2019 access, MAP said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Ryanair will kick off 11 new domestic routes in Morocco this summer, after receiving the greenlight from Morocco\u2019s government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6cf6020e-5e5d-4f53-a2a3-9db2b06b30fa\/ryanair-goes-domestic-in-morocco-in-summer-of-2024-%2B-careem-launches-e-bike-delivery-fleet.-plus:-more-m&amp;a,-rebranding,-and-aviation-news\" style=\"\" rel=\"noopener\">in December<\/a>.<\/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- Egyptian grain ships held up in Russia: <\/strong>Two Egyptian ships loaded with wheat have been denied permission to set sail by Russian authorities, who say they do not hold the correct documentation, Egyptian Supply Minister Ali El Moselhi told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-04\/russia-holds-up-two-egyptian-wheat-ships-due-to-trader-dispute\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Thursday. The two ships, which were meant to depart at the end of March, are currently held at Russian ports while Egypt is in communication with Russian embassy officials regarding the issue, El Moselhi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The why: <\/strong>The ships are carrying wheat from Grainflower DMCC, an export partner of Russian trader TD Rif, which has seen its exports blocked and is under investigation by a Russian industry watchdog on the basis of grain safety and quality inconsistencies. The feud is part of the Kremlin\u2019s efforts to increase its control over exports following its invasion of Ukraine in 2022 and enforce an unofficial minimum price for its grain, according to an earlier <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-25\/russia-targets-top-wheat-trader-with-plan-to-curb-exports\" style=\"\" rel=\"noopener\">report<\/a>.<\/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>Houthis claim recent attacks against shipping: <\/strong>The Iranian backed group targeted a British ship and US frigates in the Red Sea, as well as two Israeli vessels in the Arabian Sea and Indian Ocean that were en route to Israeli ports, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/missile-lands-near-vessel-southwest-yemens-aden-no-damage-ukmto-says-2024-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing televised statements by Houthi military spokesperson Yahya Saree. A German frigate, dubbed Hessen, shot down a Houthi-launched missile in the southern Red Sea over the weekend, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/german-military-vessel-intercepts-houthi-missile-red-sea-2024-04-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. Hessen\u2019s deployment comes as part of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a54c1a9-21be-43a8-a719-110ba32ea936\/today:-a-new-riyadh-logistics-park-%2B-mubadala-eyes-stakes-in-london-heathrow\" style=\"\" rel=\"noopener\">the EU\u2019s Aspides mission<\/a> to the Red Sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>Is the US warming up to a diplomatic solution after airstrikes fail to stop attacks?&nbsp;<\/strong>Washington is leaning towards a non-military solution to Red Sea disruptions according to statements by President Joe Biden\u2019s special envoy for Yemen Tim Lenderking, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-03\/us-may-revoke-houthi-terrorist-label-if-they-stop-red-sea-ship-attacks\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week. \u201cDiplomatic off-ramps\u201d to de-escalate the situation are on the table including the possibility of a \u201cquid pro quo\u201d arrangement to withdraw the labeling of Houthis as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e4cca184-231d-4855-b384-ec1d318aa956\/reroutes-continue-and-air-freight-demand-surges-amid-continued-red-sea-disruptions\" style=\"\" rel=\"noopener\">terrorist entity<\/a> in exchange for a cessation of attacks, Lenderking told reporters last Wednesday. The Houthis could back moves to de-escalate and \u201cshow good faith\u201d by releasing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f9cb5033-4d0e-43be-a772-019e9d8608be\" style=\"\" rel=\"noopener\">25 crewmen captured<\/a> during the Galaxy Leader\u2019s hijacking early in the campaign, Lenderking added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tel Aviv braces for<\/strong><strong> an Iranian attack: <\/strong>Navigational signals in Tel Aviv were scrambled on Thursday as Israel braced for a GPS-guided drone or missile attack by Iran or its proxies, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-04\/tel-aviv-gps-is-scrambled-over-fears-of-iran-revenge-attack\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. The interference caused deliveries delays and traffic due to disruption on apps including Google Maps, Waze, Gett Taxi, Moovit, and Wolt. Apps showed Tel Aviv residents as being located in Beirut, Lebanon, the outlet said. The move comes as tensions between the regional rivals escalated following a Monday airstrike that saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dd02a112-3a95-442d-9102-e1935b0f40ca\/TODAY:-Etihad-Cargo-expands-US-foothold-%2B-Mawani-and-SAR-boost-rail-and-maritime-connectivity\" style=\"\" rel=\"noopener\">top Iranian generals killed in Syria<\/a>, with Iran vowing to hit back. Despite Israel\u2019s military not publicly stating that it was behind scrambling navigational signals at Tel Aviv, it nonetheless has \u201cgood intelligence and good early warnings,\u201d that an Iranian attack may come, former director of Israeli military intelligence Amos Yadlin told reporters.<\/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><a id=\"wwtt4\"><\/a><\/strong><strong>#1- The next few months could see oil hitting USD 100 a barrel for the first time in <\/strong><strong>two years,&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-07\/are-oil-prices-heading-to-100-this-summer-as-a-global-shortage-takes-hold?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Saber rattling between Iran and Israel saw oil spike to above USD 90 at the end of last week, hitting its highest since October. However the changes driving up oil are less transient, with a combination of global supply shocks likely seeing these gains extend over the next few months, with JP Morgan Chase &amp; Co. expecting prices to hit USD 100 a barrel by August or September, Bloomberg writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>Continued Red Sea disruptions, <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\">sanctions on Russian oil trade<\/a>, export cuts by Mexico, and recently <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\">extended OPEC+ production cuts<\/a> are some of the most important factors which have tightened supplies and buoyed markets. Interruptions in North Sea pipelines, turmoil in Libya, and damage to an oil export pipeline in South Sudan have also shored up markets, Bloomberg said. These shocks also coincide with a ramp up in demand in US markets ahead of the summer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices reached record highs as markets remained vigilant for signs of a direct <\/strong><strong>confrontation between Iran and Israel<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-prices-bound-second-weekly-gain-geopolitical-tension-supply-concerns-2024-04-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. Brent crude rallied 0.57% to USD 91.17 a barrel, while US West Texas Intermediate (WTI) rose 0.37% to USD 86.91 a barrel, the newswire said. Thursday trading saw both benchmarks hit their highest since October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index slumps for third week: <\/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 2.5% to 1,628 points on Friday, hitting a seven-week low and marking the third consecutive week of declines, as weaker rates across the board dragged down the index, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-falls-for-third-week-on-weaker-rates-across-segments-2\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The measure was also down 10% w-o-w. The larger capesize subindex dropped 3.4% to 2,274 points, but rose 13% for the week, while panamax dipped 2.2%, to 1,695 points. Meanwhile, the smaller supramax segment fell 1%, to 1,261 points, the newswire also said. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jordan\u2019s trade position improved in January: <\/strong>The country\u2019s total exports marked a 2.7% y-o-y increase in January 2024 to JOD 650 mn, while imports declined 19.7% during the same period to some JOD 1.3 bn, seeing a 33.7% reduction in Jordan\u2019s trade deficit, <a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=58732&amp;lang=en&amp;name=en_news\" style=\"\" rel=\"noopener\">Petra<\/a> reported yesterday. The bump in exports was attributed to growth in fertilizer, garments, and pharma volumes, while diminished values of crude oil and derivatives, machinery, and electrical tools, contributed to the trimmed down import figures, Petra said. <\/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 the 7th edition of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.eventbrite.sg\/e\/dubai-to-host-the-6th-global-ports-forum-apr-17-18-2024-dubai-uae-tickets-622879267657\" style=\"\" rel=\"noopener\">Global Ports Forum<\/a><\/strong><strong> on Sunday, 17 April and <\/strong><strong>Monday, 18 April<\/strong> in Dubai. The event will host discussions on port strategy and development, automation, financing, and enhancing efficiency. <\/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>Egypt will host the 5th edition of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/efmf.me\/\" style=\"\" rel=\"noopener\">Egypt Facility Management Forum<\/a><\/strong><strong> on Tuesday, 23 <\/strong><strong>April and Wednesday, 24 April <\/strong>in Cairo. Business-owners, developers, service providers, technology leaders and suppliers will attend seminars and exhibitions on the facility management supply chain.<\/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.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\" rel=\"noopener\">Abu Dhabi Mobility Week<\/a><\/strong><strong> from Wednesday, 24 April to Wednesday, 1 <\/strong><strong>May <\/strong>in Abu Dhabi. The event, organized by <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/department-of-municipalities-and-transport\/\" style=\"\" rel=\"noopener\">The Department of Municipalities and Transport \u2013 Abu Dhabi (DMT)<\/a>, 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 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\" rel=\"noopener\">second Iran-Africa International Summit<\/a><\/strong><strong>from Wednesday, 24 April <\/strong><strong>through to Friday, 26 Apri<\/strong><b>l<\/b> 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 <\/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<\/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>Qatar will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aemobforum.com\/\" style=\"\" rel=\"noopener\">Autonomous E-mobility Forum<\/a><\/strong><strong> from Tuesday, 30 April to Thursday, 2 <\/strong><strong>May<\/strong> in Doha. The event will gather industry experts, senior officials, policy and technology experts, as well as government, academic, and media representatives, providing a platform for stakeholders to exchange know-how and recommendations for the implementation of autonomous e-mobility in the real-world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudi-smartlogistics.com\/\" style=\"\" rel=\"noopener\">Saudi Smart Logistics<\/a><\/strong><strong> exhibition and summit from Monday, 6 <\/strong><strong>May to Thursday, 9 May<\/strong> in Riyadh. The trade fair brings together local and international suppliers, public officials, professionals, and logistics players, and provides a platform for networking, exchanging know-how, and showcasing new technologies, products, and services.<\/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:\/\/www.theairportshow.com\/\" style=\"\" rel=\"noopener\">Airport Show<\/a><\/strong><strong> 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;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                            <a rel=\"tag\" 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issues a warning to importers on abandoned goods                        <\/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\/04\/08\/egypt-seeks-to-lease-lng-terminal-as-it-starts-importing-natural-gas-issues-a-warning-to-importers-on-abandoned-goods\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/egypt-seeks-to-lease-lng-terminal-as-it-starts-importing-natural-gas-issues-a-warning-to-importers-on-abandoned-goods\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1221.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77853\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/egypt-seeks-to-lease-lng-terminal-as-it-starts-importing-natural-gas-issues-a-warning-to-importers-on-abandoned-goods\/1221-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1221.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1221.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1221.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1221.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77852\" class=\"content-area-description single-story post-77852 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-egypt tag-lng tag-ports tag-trade 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\/.2c93b1b6-e745-4066-80fd-4c1bf017d45f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian authorities are in talks to lease a floating storage regasification unit (FSRU)<\/strong>, with plans to dock the terminal at the Gulf of Suez, an Egyptian Oil Ministry source told Enterprise. Egypt is seeking a five-year extendable contract, they added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why? Because Egypt is back to importing LNG. <\/strong>The Egyptian government has purchased at least two shipments of LNG and could contract for more shipments soon as it looks to stock up on gas supplies ahead of peak consumption in summer, our source said. The first two shipments will be regasified in Jordan\u2019s Aqaba to be delivered next month. Egyptian Natural Gas Holding has locked in one shipment for delivery next month, with plans for more deliveries, sources told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-04\/egypt-starts-buying-lng-in-rare-move-to-avoid-summer-gas-crunch?srnd=all&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Egypt and Jordan last year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a37a7288-8377-4f61-b169-c439aa7ddcbc\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\" style=\"\" rel=\"noopener\">inked an agreement<\/a> to reduce operational costs of LNG shipments by jointly using the floating LNG terminal at Jordan\u2019s southern port of Aqaba.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Egypt had bid farewell to the era of leasing FSRU years ago when it ended a contract with the Norwegian H\u00f6egh Gallant <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/10\/21\/what-were-tracking-on-21-october-2018\/\" style=\"\" rel=\"noopener\">in 2018<\/a> as the government pulled the plug on gas imports following the discovery of Zohr field, which has allowed Egypt to re-emerge as a natural gas export hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But isn\u2019t Egypt a net exporter of LNG?<\/strong> After becoming a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b05357d8-d636-4372-a069-cf77d948b1e7\/egypt%25e2%2580%2599s-lng-exports-are-maxed-out\" style=\"\" rel=\"noopener\">net exporter<\/a> of LNG in 2018, Egypt has been trying to position itself as an important LNG exporter to Europe and to fully utilize the 12 mn tons a year capacity from its two liquefaction plants in Damietta and Idku. However, a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/846ecdd4-0a16-40f5-8c1e-ef52f3265a06\" style=\"\" rel=\"noopener\">fall<\/a> in domestic gas production resulted in LNG exports <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa251d63-f340-4886-b43d-3c792acc96a5\/shin-bet-head-in-cairo\" style=\"\" rel=\"noopener\">dropping 52% y-o-y<\/a> to 3.52 mn tons in 2023. Domestic natural gas production has dropped to 5.5 bn cubic feet per day from 7 bn cubic feet per day following the Zohr discovery, our source said, explaining that it\u2019s normal for gas fields to yield less output over time. Israeli imports bring total production to 8.8 bn cubic feet per day, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While consumption is on the rise: <\/strong>With hotter weather arriving earlier than usual this year on the back of climate change, this summer is expected to lead to a higher consumption of energy than last year, our source said. Consumption is also expected to remain higher than production as Egypt sets up more power stations and as the uses of domestic and industrial gas expand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Importers abandoning their goods at Egyptian ports could be slapped with fines: <\/strong>The Central Bank of Egypt (CBE) is looking into imposing fines on importers who refuse to move their goods from ports even after receiving the required FX to do so, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/bhzj6f24\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says have knowledge of the matter<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all:<\/strong> The CBE is also looking into blacklisting the importers who don\u2019t clear their goods from ports \u2014 issuing instructions to have their bank accounts monitored, Al Mal added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still early stages: <\/strong>The central bank is yet to take any official steps regarding the matter, a government source told Enterprise, adding that each case will be evaluated individually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why would an importer not collect their goods? <\/strong>Some importers have declined to receive their goods as they wait for the USD-EGP rate to further depreciate, which will in turn mean a cheaper customs bill \u2014 importers can store their goods at local ports for up to a month without paying any fees or fines, according to the current regulations. Meanwhile, some importers of foodstuff have abandoned their imports that have been stuck at ports for some time now while the FX crisis get resolved as a way to avoid paying hefty storage costs and fees, especially knowing that there is a high chance their goods have gone bad and won\u2019t be sellable, our source said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Importers are already moving: <\/strong>There has been a noticeable shift in the rate at which importers are collecting their goods since Egyptian Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2099dda-f52e-4c70-b3ec-8b6bc0efd740\" style=\"\" rel=\"noopener\">unveiled the government\u2019s plan<\/a> to confiscate neglected goods, our source tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The government has cleared some USD 2.8 bn worth of goods from the country\u2019s ports thanks to the recent spate of foreign currency injections as of late March. Some remaining USD 1.7 bn of goods have had their paperwork completed and secured the required FX through the banking system, but these goods remain unclaimed by their importers, Madbouly said two weeks ago.<\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/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\/trade\/\">trade<\/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=\"77854\" 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=\"77854\">\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\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/\">\r\n                            DP World is reportedly eyeing an acquisition of Hong Kong-based Cargo Services Far 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\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=DP World is reportedly eyeing an acquisition of Hong Kong-based Cargo Services Far East&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/&title=DP World is reportedly eyeing an acquisition of Hong Kong-based Cargo Services Far East\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=DP+World+is+reportedly+eyeing+an+acquisition+of+Hong+Kong-based+Cargo+Services+Far+East+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F08%2Fdp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/748.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77855\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dp-world-is-reportedly-eyeing-an-acquisition-of-hong-kong-based-cargo-services-far-east\/748-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/748.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"748.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/748.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/748.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77854\" class=\"content-area-description single-story post-77854 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-dp-world tag-ma-watch 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\/4\/.90628575-6178-4ba0-b560-5de8dd5fa83b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>UAE-based port operator <\/strong><strong>DP World<\/strong><strong> is reportedly finalizing the acquisition of Hong <\/strong><strong>Kong-based <\/strong><strong>logistics firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cargofe.com\/\" style=\"\" rel=\"noopener\">Cargo Services Far East<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-05\/dubai-s-dp-world-said-to-near-deal-for-hong-kong-tycoon-s-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing sources with knowledge of the matter. The potential acquisition could be valued between USD 300 mn and USD 400 mn, with the move set to expand DP World\u2019s Asian footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details are scant: <\/strong>Both firms are working to finalize the transaction, with an announcement possible in the coming days, sources told Bloomberg. A final value of the acquisition depends on the assets included in the sale. We first caught wind of the talks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dfa5b9c0-e7e0-493c-a8bb-2104b685fd58\/dp-world-in-talks-to-acquire-hong-kong-based-logistics-firm\" style=\"\" rel=\"noopener\">back in November<\/a>, with sources at the time valuing a potential takeover at USD 800 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company:<\/strong> Cargo Services Far East \u2014 owned by Hong Kong tycoon John Lau \u2014 operates in cold chain logistics, ocean and freight shipping, and fashion distribution, according to Bloomberg. The company has offices in 35 cities in China, Singapore, Australia, South Africa, and the US. The firm\u2019s stock dipped by around 31% over the last 12 months, valuing the company at around USD 212 mn, the outlet also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World has been on an expansion spree:&nbsp;<\/strong>DP World inked an agreement with Brazil\u2019s leading railway operator Rumo to establish a new terminal for grains and fertilizers at Port Santos <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/99c56b77-480c-4c0c-aded-397296dd970e\/dp-world-%2B-rumo-to-build-new-grain-and-fertilizer-terminal-at-brazil%25e2%2580%2599s-santos-port\" style=\"\" rel=\"noopener\">last month<\/a>. The port operator also announced in February that it was gearing up to develop a new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/db3a19b2-7a6a-4dbc-b399-59afa988b6df\/dp-world-invests-usd-50-mn-to-develop-a-new-south-korean-logistics-center\" style=\"\" rel=\"noopener\">USD 50 mn logistics center<\/a> in South Korea\u2019s Busan New Port, with construction slated to begin at the end of the year and operations kicking off by 2Q 2026.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77856 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"77856\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/77856\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77856\" class=\"content-area-description single-story post-77856 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77857\" 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=\"77857\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/\">\r\n                            Investcorp JV will redevelop NYC\u2019s JFK Airport Terminal 6                        <\/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\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Investcorp JV will redevelop NYC\u2019s JFK Airport Terminal 6&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/&title=Investcorp JV will redevelop NYC\u2019s JFK Airport Terminal 6\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Investcorp+JV+will+redevelop+NYC%E2%80%99s+JFK+Airport+Terminal+6+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F08%2Finvestcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/590.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77858\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/investcorp-jv-will-redevelop-nycs-jfk-airport-terminal-6\/590-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/590.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"590.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/590.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/590.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77857\" class=\"content-area-description single-story post-77857 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-aviation tag-infrastructure tag-investment-watch 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\/4\/.51a2d888-52d8-4ba2-b7c2-fdfd651c8643.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A brand new terminal at JFK courtesy of Investcorp:<font face=\"Arial\">&nbsp;<\/font><\/strong>ADX-listed global investment manager Investcorp Capital and New York-based investment firm Corsair Capital will invest USD 4.2 bn in the redevelopment of New York\u2019s JFK Airport Terminal 6 via their JV Investcorp Corsair Infrastructure Partners, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/443.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a> released on Thursday. The JV\u2019s airport platform <a target=\"_blank\" href=\"https:\/\/www.vantageairportgroup.com\/\" style=\"\" rel=\"noopener\">Vintage Airport<\/a> will be responsible for developing, operating, and managing the new terminal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect: <\/strong>The redevelopment will include a 1.2 mn sqft terminal with 10 gates, waiting areas and 100k sqft worth of amenities including two AirTrain airport rail stations. The first phase of construction is currently ongoing and is expected to be completed in 2025, followed by the second phase in late 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks Investcorp Capital\u2019s first investment in infrastructure: <\/strong>\u201cWe had recently announced that Investcorp Capital had strategically incorporated infrastructure into its portfolio of asset classes, expanding its potential for growth and diversification,\u201d Investcorp Vice Chairman Hazem Ben-Gacem said, adding that this marks its first investment into the asset class.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Investcorp acquired a 50% stake in Corsair's USD 4.8 bn infrastructure business back in December, forming Investcorp Corsair Infrastructure Partners and marking Investcorp\u2019s inaugural entry into infrastructure investment, according to a <a target=\"_blank\" href=\"https:\/\/www.investcorp.com\/investcorp-enters-global-infrastructure-asset-class-via-investment-in-corsairs-infrastructure-business\/\" style=\"\" rel=\"noopener\">press release<\/a> at the time. <\/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\/infrastructure\/\">INFRASTRUCTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"77859\" 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=\"77859\">\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\">Debt Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/\">\r\n                            Dubai Aerospace Enterprise secures AED 2.75 bn loan from Emirates NBD                        <\/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\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai Aerospace Enterprise secures AED 2.75 bn loan from Emirates NBD&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/&title=Dubai Aerospace Enterprise secures AED 2.75 bn loan from Emirates NBD\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+Aerospace+Enterprise+secures+AED+2.75+bn+loan+from+Emirates+NBD+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F08%2Fdubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/599.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77860\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/dubai-aerospace-enterprise-secures-aed-2-75-bn-loan-from-emirates-nbd\/599-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/599.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"599.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/599.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/599.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77859\" class=\"content-area-description single-story post-77859 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-aviation tag-debt-watch 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\/4\/.161726c9-187c-4a44-88fc-94d14a982102.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD extends loan to DAE: <\/strong>Dubai Aerospace Enterprise (DAE) will receive a AED 2.75 bn five-year unsecured term loan with Emirates NBD to support the state-owned firm\u2019s general corporate needs and future financing requirements, according to a <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/2024\/04\/04\/dae-signs-new-aed-2-75-billion-unsecured-term-loan\/#:~:text=Dubai%2C%20U.A.E.%2C%2004%20April%202024,(%E2%80%9CENBD%E2%80%9D).\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The AED- denominated loan \u201cwill serve to further strengthen our exceptional liquidity,\u201d DAE CEO Firoz Tarapore said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Second round of financing in a month:<\/strong> DAE secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7700050e-d46f-484b-a4e6-f877a0393c2d\/\" style=\"\" rel=\"noopener\">USD 420 mn in funding<\/a> from China Construction Bank (CCB) last month to bolster liquidity. The five-year credit facility was earmarked to support \u201cthe future financing needs of the business,\u201d the firm said. CCB also provided DAE with a four-year <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/2020\/01\/20\/dae-signs-new-us300-million-4-year-unsecured-term-loan\/\" style=\"\" rel=\"noopener\">USD 300 mn unsecured loan<\/a> in 2020.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going?<\/strong> DAE is a global aviation services firm with two divisions, DAE Capital and DAE Engineering. DAE Capital is an aircraft lessor with a fleet of some 500 aircraft worth more than USD 17 bn. DAE Engineering provides maintenance, repair, and overhaul services to clients across Europe, the Middle East, Africa, and South Asia.<\/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\/debt-watch\/\">DEBT WATCH<\/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=\"77861 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=\"77861\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/77861\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77861\" class=\"content-area-description single-story post-77861 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\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=\"77862\" 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=\"77862\">\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\">Purchasing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/\">\r\n                            Political and security concerns continued to weigh down performance in Lebanon\u2019s private sector in March                        <\/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\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Political and security concerns continued to weigh down performance in Lebanon\u2019s private sector in March&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/&title=Political and security concerns continued to weigh down performance in Lebanon\u2019s private sector in March\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Political+and+security+concerns+continued+to+weigh+down+performance+in+Lebanon%E2%80%99s+private+sector+in+March+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F08%2Fpolitical-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/481.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77863\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/political-and-security-concerns-continued-to-weigh-down-performance-in-lebanons-private-sector-in-march\/481-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/481.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"481.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/481.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/481.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77862\" class=\"content-area-description single-story post-77862 post type-post status-publish format-standard has-post-thumbnail hentry category-purchasing tag-purchasing tag-supply-chains 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\/.56d14886-17b0-46fc-aed8-f30c1bf9f41f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How Lebanon\u2019s <\/strong><strong>private sector performed in March:<\/strong> Lebanese firms saw continued but marginal deterioration in business conditions in March, with output and new orders declining at slower rates, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/442.pdf\" style=\"\" rel=\"noopener\">BlomInvest Bank\u2019s Lebanon PMI (pdf)<\/a> report for the month. The headline figure inched up to 49.4 from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/aca4779b-4adb-4a49-a91a-1e3e6f8edcd8\/lebanon%25e2%2580%2599s-private-sector-continues-to-be-weighed-down-by-security-concerns-and-economic-challenges\" style=\"\" rel=\"noopener\">49.1 in February<\/a>. While still below the 50.0 cut-off separating contraction from growth, the latest figure indicates a softer rate of decline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lackluster demand + security concerns persist: <\/strong>Lower business activity was seen across Lebanon, with anecdotal evidence attributing the decline in output to weak demand, the report said. New orders fell for their eighth consecutive month, with weak client purchasing power and regional security concerns resulting in a drop in business\u2019 volumes at the softest pace observed during the current contractionary period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional security concerns hurt exports:<\/strong> Export demand saw faster declines in March, with the fall in new business from non-domestic customers being the quickest since December 2022, as anecdotal evidence pointed to Red Sea disruptions and the Gaza War eroding international sales, the report indicated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea disruptions also edged inflation and hurt supply chains:<\/strong> Shipping and ins. costs rallied in March on the back of continued Red Sea disruptions, leading to the fastest increase in input costs since November 2023, the report said. Together with a hike in raw materials costs, these factors led firms to adjust pricing strategies and boost output prices at the quickest rate seen in seven months, passing on higher costs to consumers. Aside from effects due to Red Sea disruptions, strike action at ports also saw delays in the receipt of imports, with average input lead times lengthening to their greatest extent in almost a year. Employment also saw marginal decreases in March, the report also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The silver lining: <\/strong>The uptick in the headline figure indicates \u201cresilience\u201d in Lebanon\u2019s local market, BlomInvest Bank research analyst Stephanie Aoun said in her comment to the report. Backlogs also decreased, despite lower staff capacity, as falling workloads saw firms clear existing orders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses retained a somber outlook for the next 12 months<\/strong>,<strong> <\/strong>with respondents citing regional conflicts and political uncertainty as driving subdued forecasts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Kuwait released its first public PMI this <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/f99881ac-63d4-4f63-930a-097062cec102\/ad-ports-will-develop,-manage,-and-operate-iraq%25e2%2580%2599s-grand-faw-port\" style=\"\" rel=\"noopener\">March<\/a>, and the UAE and Saudi Arabia\u2019s non-oil private sectors continued to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/59d6e504-6275-4093-b402-8f061f1ccf0f\" style=\"\" rel=\"noopener\">expand in March<\/a> at slower rates while Egypt\u2019s PMI rose slightly.<\/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\/purchasing\/\">PURCHASING<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77864\" 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=\"77864\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/adc-act-team-up-on-hazmat-yard-tunisair-preps-for-summer-peak-season-qatar-energy-craig-international-ink-mro-agreement\/\">\r\n                            ADC + ACT team up on hazmat yard, Tunisair preps for summer peak season, Qatar Energy + Craig International ink MRO agreement                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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+ Craig International ink MRO agreement&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/adc-act-team-up-on-hazmat-yard-tunisair-preps-for-summer-peak-season-qatar-energy-craig-international-ink-mro-agreement\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/adc-act-team-up-on-hazmat-yard-tunisair-preps-for-summer-peak-season-qatar-energy-craig-international-ink-mro-agreement\/&title=ADC + ACT team up on hazmat yard, Tunisair preps for summer peak season, Qatar Energy + Craig International ink MRO agreement\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" 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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/adc-act-team-up-on-hazmat-yard-tunisair-preps-for-summer-peak-season-qatar-energy-craig-international-ink-mro-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/596.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77865\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/adc-act-team-up-on-hazmat-yard-tunisair-preps-for-summer-peak-season-qatar-energy-craig-international-ink-mro-agreement\/596-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/596.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"596.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/596.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/596.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77864\" class=\"content-area-description single-story post-77864 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-dp-world tag-hapag-lloyd-2 tag-shipping-maritime tag-supply-chains 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\/.a53a1482-23b8-43dd-8221-7a429154eaf2.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">PORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADC + ACT to manage Aqaba Zone\u2019s hazardous materials yard: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.adc.jo\/\" style=\"\" rel=\"noopener\">Aqaba<\/a><a target=\"_blank\" href=\"https:\/\/www.adc.jo\/\" style=\"\" rel=\"noopener\">Development Corporation<\/a> (ADC) and <a target=\"_blank\" href=\"https:\/\/www.apmterminals.com\/en\/aqaba\" style=\"\" rel=\"noopener\">Aqaba Container Terminal<\/a> (ACT) have signed an agreement to jointly manage and operate the inaugural hazardous materials yard within the Aqaba Special Economic Zone, according to a <a target=\"_blank\" href=\"https:\/\/www.apmterminals.com\/en\/aqaba\/news\/latest-news\/terminal-article-page\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. \u201cThis collaboration underscores our dedication to fostering a secure and efficient supply chain, driving the development and prosperity of the Aqaba area and the surrounding region,\u201d Aqaba Development Corporation\u2019s CEO Hussein Al Safadi said.<\/p>\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>Qatar Energy<\/strong><strong>+ Craig International<\/strong><strong>sign MRO agreement: <\/strong><a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/vHome.aspx\" style=\"\" rel=\"noopener\">Qatar Energy<\/a> has inked a three-year agreement with smart procurement company <a target=\"_blank\" href=\"https:\/\/craig-international.com\/\" style=\"\" rel=\"noopener\">Craig International<\/a> to procure and provide products and services for maintenance, repair, and overhaul (MRO) operations, according to a <a target=\"_blank\" href=\"https:\/\/craig-international.com\/news\/craig-international-underlines-growth-in-the-middle-east-with-new-contract-win\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The agreement, which can be extended for two additional years, will be executed by Craig International\u2019s Qatar office. \u201cHaving increased our headcount in the Middle East, from five in 2018 to over 70 today and expanded our supply chain, we\u2019re demonstrating our commitment to the local market and are well-placed to meet the increasing demand for smart, efficient, and sustainable procurement,\u201d Craig International\u2019s director of Middle East operations Steve Gibson said in the statement.<\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran and Turkey have inaugurated the new Razi Khoy-Kap\u0131k\u00f6 border crossing <\/strong><strong>in a <\/strong><strong>bid to boost regional trade<\/strong>, <a target=\"_blank\" href=\"https:\/\/en.mehrnews.com\/news\/213507\/Iran-Turkey-open-new-transit-gate-at-shared-border\" style=\"\" rel=\"noopener\">Mehr<\/a> reported on Thursday citing Deputy Coordinator of Economic Affairs for West Azerbaijan province, Javad Karami. The inauguration comes as part of a recently inked a 30-clause MoU that looks to increase economic collaboration between Iran and Turkey, Karami said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Misrayon &amp; Polyester Fiber Company exports again: <\/strong>Egypt\u2019s recently revived state-owned textile manufacturer Misrayon &amp; Polyester Fiber Company has shipped five containers of artificial silk to Turkey \u2014 its first export in 12 years, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02JSqakRYPxjBpMvEEBuoXcuE6SsHPKjyiTcPsWuk2T5uM2NrAAsiSkpZeCoZy5HKnl\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. Another 14 containers are heading to Turkey and Europe this month and the company plans to up its export volumes by 150% the following month. By next month, Misrayon is aiming to be making a monthly USD 1.3 mn from exports and EGP 30 mn from domestic sales.<\/p>\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>German shipping giant&nbsp;<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/home.html\" style=\"\" rel=\"noopener\">Hapag-Lloyd<\/a><\/strong><strong> launched a shipping service, JDX, to Jeddah <\/strong><strong>Islamic Port<\/strong> to boost KSA\u2019s connection with African ports, according to a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=030424&amp;language=en\" style=\"\" rel=\"noopener\">statement<\/a> released last week by Saudi Ports Authority (<a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/\" style=\"\" rel=\"noopener\">Mawani<\/a>). The new service, with a capacity of up to 4.25k TEUs, will operate weekly voyages to Tangier Port in Morocco and Damietta Port in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World Southampton has recorded a spike in freight imported by train rather <\/strong><strong>than lorry<\/strong><strong> after introducing incentives in September and January<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/uk-england-hampshire-68714668\" style=\"\" rel=\"noopener\">BBC<\/a> reported on Thursday. The company says rail\u2019s share of containers being transported rose to 35% in March 2024, compared to 21% in early 2023, the outlet said. The switch to rail has resulted in 13.5k lorry journeys being avoided and about 4.5k tonnes of CO2 emissions being saved in six months, DP World Southampton director John Trenchard told the BBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background<\/strong><strong>:<\/strong> DP World introduced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f056165d-8cc2-48e7-899a-c346a598f374\/today:-dp-world-rolls-out-pilot-incentive-program-%2B-saudi-arabia-to-boost-air-sea-logistics-connectivity\" style=\"\" rel=\"noopener\">Modal Shift Programme<\/a> last year, which involves a 12-month trial that will see clients receiving import shipments at DP World\u2019s Southampton terminal charged a flat GBP 10 fee per container. This fee can be reimbursed when clients choose to transfer their consignments to railheads more than 140 miles from the terminal, while those moving to a railhead within 140 miles will receive an additional payout of GBP 100 per container as of last January, according to the BBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER DP WORLD NEWS- The company<\/strong><strong> and Abu-Dhabi based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rakbank.ae\/\" style=\"\" rel=\"noopener\">RAKBANK<\/a><\/strong><strong> have inked a strategic <\/strong><strong>agreement to bolster UAE trade finance<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2hjxa0-rakbank-world-join-forces-boost-uae-trade-finance\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. Leveraging DP World\u2019s trade network and real-time insights, RAKBANK aims to boost its risk assessment capabilities and facilitate access to business financing. \u201cThis partnership with RAKBANK will be beneficial to facilitate global trade and provide greater visibility to everyone along the supply chain,\u201d DP World Trade Finance\u2019s Senior Executive Officer Sinan Ozcan said. <\/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>Yemeni authorities to cooperate on marine meteorology:&nbsp;<\/strong>Yemen\u2019s Civil Aviation and Meteorology Authority has inked an agreement with the country\u2019s Marine Affairs Authority to exchange data and expertise to mitigate weather-related disasters, as well as push forward the establishment of a national center for marine metrology. (<a target=\"_blank\" href=\"https:\/\/www.mot.gov.ye\/signing-an-agreement-between-the-civil-aviation-and-maritime-affairs-authority-to-exchange-experiences\/?lang=en&amp;feed_id=6508&amp;_unique_id=660c6c7cd79de&amp;fbclid=IwAR01SoMvwqORRYuu0bBDI6qDILW6yRMTvRFSTaC6vqvTtpIwIeMangXkvx4_aem_AStnAHvouP0d3zO2zTE3XscqoEhGDw5sXJdbNIlUQtSsOupvwCO0aqxr_D7vajBUKGbnyGBvkWzV2Zp_U88BCtd4\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Gulf Air flies to Munich:<\/strong> Bahraini national carrier <a target=\"_blank\" href=\"https:\/\/www.gulfair.com\/en\/\" style=\"\" rel=\"noopener\">Gulf Air<\/a> is launching weekly flights to Munich, Germany starting 1 July 2024. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/gulf-air_gulfair-bahrain-munich-activity-7181655557991256064-TxJo?utm_source=share&amp;utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>I<\/strong><strong>AG Cargo resumes Abu Dhabi service: <\/strong>London-based <a target=\"_blank\" href=\"https:\/\/www.iagcargo.com\/en\/home\/\" style=\"\" rel=\"noopener\">IAG Cargo<\/a> is set to reopen services between London and Abu Dhabi starting 20 April after a four-year hiatus. (<a target=\"_blank\" href=\"https:\/\/www.iagcargo.com\/en\/press\/iag-cargo-restarts-services-between-london-and-abu-dhabi-as-part-of-its-2024\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Hamad International Airport announces Indonesia services:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.garuda-indonesia.com\/\" style=\"\" rel=\"noopener\">Garuda<\/a><a target=\"_blank\" href=\"https:\/\/www.garuda-indonesia.com\/\" style=\"\" rel=\"noopener\">Indonesia<\/a>, in partnership with <a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/en-eg\/homepage.html?CID=SXEG23457392M&amp;account=Google-AFRICA-EG-EN-Brand&amp;campaign=EG-Brand-Hero-EN_exact&amp;adgroup=qatar+airways&amp;term=qatar+airways&amp;&amp;&amp;&amp;&amp;gad_source=1&amp;gclid=Cj0KCQjwiMmwBhDmARIsABeQ7xS0OD0fiw0PubXnQ_yqmmP3-k3PUmdLk6VOVYVZyktZhxx8hdLw5xsaAvraEALw_wcB&amp;gclsrc=aw.ds\" style=\"\" rel=\"noopener\">Qatar Airways<\/a>, will operate daily flights from Jakarta to Doha starting 4 April. (<a target=\"_blank\" href=\"https:\/\/dohahamadairport.com\/press-releases\/news\/hamad-international-airport-further-expands-southeast-asia-garuda-indonesia\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Egypt\u2019s Ain Sokhna Port receives new harbor crane<\/strong><strong>:<\/strong> Port operator DP World has received a new advanced mobile harbor crane at Ain Sokhna Port, Egypt, with a capacity of 125 tons and a discharge rate of 10k tons daily. (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dp-world-in-sokhna-receives-new-mobile-harbour-crane-q7w0pwq9\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Tunisair is preparing for the summer season: <\/strong>Tunisair is making 17k flights available with 2.7 mn seats from 15 June to 15 September with a 19% y-o-y increase in capacity. The airline is also resuming regular flights to Portugal, Switzerland, France, Spain, Italy, Turkey, Algeria, Morocco, Libya, Mali, Guinea, and Sengal. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/TUNISAIR.OFFICIELLE\/posts\/pfbid02TvPETV1RMb1oSvzPJfZZJaKo1xhHL3yHVmHYjwRKC11VMRtTfvZBmCuaozjn5CXGl\" 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\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/hapag-lloyd-2\/\">Hapag Lloyd<\/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\/supply-chains\/\">supply chains<\/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=\"77866\" 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=\"77866\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/04\/08\/russia-is-struggling-to-repair-its-refineries-amid-us-sanctions-us-trade-deficit-inches-up-in-february\/\">\r\n                            Russia is struggling to repair its refineries amid US sanctions + US trade deficit inches up in February                        <\/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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data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/russia-is-struggling-to-repair-its-refineries-amid-us-sanctions-us-trade-deficit-inches-up-in-february\/702-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/702.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"702.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/702.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/702.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77866\" class=\"content-area-description single-story post-77866 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-ap-moller tag-around-the-world tag-trade 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\/.d8c12931-b281-46af-b87c-9411b8aa6181.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia is struggling to repair its refineries amid US sanctions<\/strong>, as engineers face challenges sourcing US-made parts damaged in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/31d7c4fa-2cf9-4b87-b175-8d5d2ea2f521\/the-eu-tightens-the-noose-around-chinese-imports-%2B-ukraine-hits-russian-manufacturing--infrastructure\" style=\"\" rel=\"noopener\">string of Ukrainian drone strikes<\/a>, sources close to Russian oil giant Lukoil told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/us-sanctions-hamper-russian-efforts-repair-refineries-sources-say-2024-04-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Thursday. A broken turbine at Lukoil-owned Norsi refinery, Russia\u2019s fourth largest, saw the facility\u2019s output cut by some 40%, with a US-based company standing as the only one capable of making the repairs, sources said. Ukrainian attacks have hit at least a dozen refineries in Russia so far this year, shutting down 14% of Russia\u2019s refining capacity in this year\u2019s first quarter, according to Reuters\u2019 calculations. Meanwhile US-based Honeywell, a key supplier of spare parts, is working hard to disrupt parts getting to Russia via third parties, as the company looks to maintain compliance with sanctions, the newswire said citing a company email. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>US trade deficit inched up 1.9% y-o-y to USD 68.9 bn in February<\/strong>, a near-yearly peak, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-04\/us-trade-gap-widens-to-68-9-billion-largest-in-nearly-a-year?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing Commerce Department data. Imports increased to USD 332 bn, driven by gains in capital goods such as mobile phones, foods, and motor vehicles, the outlet said. Exports reached USD 263 bn, boosted by a rise in shipments of civilian aircraft and crude oil. Adjusted for inflation, the trade deficit reached USD 87 bn in February, the largest since July.<\/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>Boeing compensated Alaska Airlines some USD 160 mn in 1Q 2024,<\/strong> to make up for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae9fbbef-4de4-411f-addb-a9468c2354e5\/boeing-expects-a-massive-cashflow-drain-in-1q-2024-%2B-carriers-jostle-for-better-positions-ahead-of-contract-season\" style=\"\" rel=\"noopener\">impact of the temporary suspension<\/a> of the carrier\u2019s 737 MAX 9 fleet. The payments made up for losses seen in the quarter, with further compensation expected. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/alaska-air-says-boeing-paid-160-mln-compensation-airline-2024-04-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Maersk welcomes its newest LNG large methanol-enabled container ship:<\/strong> AP Moller Maersk has unveiled the Astrid Maersk, the second of 18 large methanol-enabled vessels slated for delivery between 2024-2025. The company deployed the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/bd252516-5da3-42e9-b782-65ed8a934306\/maersk%25e2%2580%2599s-new-green-fuels-venture-eyes-suez-canal-production-hub\" style=\"\" rel=\"noopener\">Laura Maersk<\/a> in September and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b2a579bb-1820-4cff-bfd3-65f7efaa08bf\/today:-china-and-israel-squabble-over-ports-%2B-gulfnav-inks-drone-agreement-for-logistics-handling\" style=\"\" rel=\"noopener\">Ane Maersk<\/a> in January, which are among 25 vessels to be fitted with dual-fuel engines that can run on green methanol. (<a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2024\/04\/04\/maersk-names-second-vessel-of-its-large-methanol-enabled-fleet-as-astrid-maersk-in-yokohama\" 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\/ap-moller\/\">AP Moller<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/trade\/\">trade<\/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=\"77868\" 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\/04\/08\/77868\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77868\" class=\"content-area-description single-story post-77868 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>17-18 April (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.sg\/e\/dubai-to-host-the-6th-global-ports-forum-apr-17-18-2024-dubai-uae-tickets-622879267657\" style=\"\">Global Ports Forum<\/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>23-24 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/efmf.me\" style=\"\">Egypt Facility Management Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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, 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>25-26 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/driftx.com\" 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>24-26 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 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, 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>28-29 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 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;\">,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<\/a><\/span><span style=\"font-weight:400;\">, 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=\"\">The Logistics and Supply Chain Management Conference<\/a><\/span><span style=\"font-weight:400;\">, 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>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartlogistics.com\" style=\"\">Saudi Smart Logistics<\/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>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, 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=\"\">The Airport Show<\/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>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;\">, 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>21-24 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unctad.org\/conference\/global-supply-chain-forum-2024\" style=\"\">Global Supply Chain Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Bridgetown, Barbados.<\/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>26-28 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\">ProPak Mena 2024<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>27-30 May (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/comex.om\/2022\/\" style=\"\">Comex Technology Show<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman.<\/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>27 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emmc.me\/overview\/\" style=\"\">East Med Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Beirut, Lebanon.<\/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 June (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid0z8DptHmmjFty9qi3uNQxWFdoS5TVBQJPD2HPdnpCk2CxuGy2svK8zMXzK8QpnQsvl\" style=\"\">The Investment Conference<\/a><\/span><span style=\"font-weight:400;\"> in cooperation with the European Union, Brussels. <\/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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.antwerpxl.com\" style=\"\">AntwerpXL Expo<\/a><\/span><span style=\"font-weight:400;\">, Antwerp.<\/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<\/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, 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 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>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>Lots of Egypt trade news | DP Worlds eyes another acquisition | Investcorp is giving NYC\u2019s JFK Airport Terminal 6 a facelift<\/p>\n","protected":false},"featured_media":77848,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77847","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1a3a66a1-37c4-41e8-8607-18bc3a41d9db","teaser":"Lots of Egypt trade news | DP Worlds eyes another acquisition | Investcorp is giving NYC\u2019s JFK Airport Terminal 6 a facelift","photo_url":"https:\/\/ent.news\/2024\/1\/1239.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt restarts LNG imports + issues a warning to importers on abandoned goods - Logistics<\/title>\n<meta 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