{"id":82305,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=82305"},"modified":"2025-12-15T15:38:06","modified_gmt":"2025-12-15T15:38:06","slug":"dp-world-fully-acquires-australias-silk-logistics","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/dp-world-fully-acquires-australias-silk-logistics\/","title":{"rendered":"DP World fully acquires Australia\u2019s Silk Logistics"},"content":{"rendered":"<section id=\"82307\" 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=\"82307\">\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\/11\/12\/today-dp-world-fully-acquires-australias-silk-logistics-qatar-airways-to-participate-in-iag-buyback-scheme\/\">\r\n                            TODAY: DP World fully acquires Australia\u2019s Silk Logistics + Qatar Airways to participate in IAG buyback scheme                        <\/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\/11\/12\/today-dp-world-fully-acquires-australias-silk-logistics-qatar-airways-to-participate-in-iag-buyback-scheme\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Adnoc Gas acquired Adnoc\u2019s stake in Ruwais, while DP World acquired Australia\u2019s Silk Logistics. Plus: We have a couple of earnings for you and the latest concerns around Trump\u2019s impacts on trade in countries around the world. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\" rel=\"noopener\">Saudi Airport Exhibition<\/a><\/strong><strong> wraps toda<\/strong><strong>y <\/strong>in Riyadh. The exhibition brings together global industry leaders to view the latest global aviation technologies and build new partnerships. The event seeks to encourage bilateral discussions between Saudi aviation leaders and global supply chains to boost the country\u2019s aviation industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong><a id=\"wwtt1\"><\/a><\/strong> <strong><a id=\"wwtt2\"><\/a> #1- <\/strong><strong>Al Seer Marine, a subsidiary of International Holding Company, expa<\/strong><strong>nded its JV <\/strong><strong>with Damen International<\/strong> beyond naval shipbuilding to include commercial shipbuilding as well, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/931.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The JV targets manufacturing over 26 vessels in the UAE in 2025. It will use Al Seer Marine's manufacturing facilities in Abu Dhabi and Damen's shipyards in Sharjah, Fujairah, and Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <a id=\"wwtt3\"><\/a>#2- <\/strong><strong>Egypt cuts LNG imports:<\/strong> Egypt has reduced its imports of liquefied natural gas (LNG) via its gasification plant in Ain Sokhna port by a third to 500 mn cubic ft per day, a government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/59980\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D9%81%D8%B6-%D9%88%D8%A7%D8%B1%D8%AF%D8%A7%D8%AA%D9%87%D8%A7-%D9%85%D9%86-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%84-%D8%B9%D8%A8%D8%B1-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D8%AE%D9%86%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Egypt\u2019s power plants currently consume 3.5 bn cubic ft of gas per day, down from the 4.2 bn cubic ft per day last summer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>In a step to prevent power outages, Egypt started purchasing LNG shipments in April. Egypt imports around 1.2 bn cubic feet of natural gas daily through the Jordan Gas Pipeline, in addition to liquefied natural gas shipments received at the Aqaba Gas Terminal and supplies from Israeli fields.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Egypt has been considering the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d56806ce-cc8e-4e00-8e80-8d8086effd6d\/today:-oman-ramps-up-lng-supply-%2B-flynas-increases-airbus-order-book\" style=\"\" rel=\"noopener\">purchase of a floating regasification unit in partnership with Jordan<\/a> to uptake and process LNG shipments for integration into their national grids. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#3- <\/strong><strong>2G <\/strong><strong>Energy wants to set up green hydrogen, biogas project<\/strong><strong>s: <\/strong>Germany\u2019s <a target=\"_blank\" href=\"https:\/\/www.2g-energy.com\/\" style=\"\" rel=\"noopener\">2G Energy<\/a> is in talks with five Egyptian companies to set up green hydrogen, biogas, and combined heat and power (CHP) projects locally, project engineer Jonas Stormann told told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/11\/11\/-%D8%AA%D9%88-%D8%AC%D9%8A-%D8%A7%D9%86%D9%8A%D8%B1%D8%AC%D9%8A-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D9%84%D8%A7%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D9%88%D8%A7%D9%84%D8%A8%D8%A7%D9%8A%D9%88%D8%BA%D8%A7%D8%B2-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> without disclosing the expected investment ticket of these projects. The company is in negotiations with three companies over green hydrogen production projects \u2014 including one in Suez \u2014 and two over biogas projects, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Post-IPO, Talabat plans to tap into verticals including healthcare, beauty, pharma, pet services and fintech<\/strong>, its CEO Tomaso Rodriguez told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-11\/talabat-tees-up-dubai-ipo-that-may-value-it-more-than-delivery-hero-dher\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview. \u201cWe strongly believe that every single USD we invest in expanding these areas has a much better return than a geographical expansion at this point,\u201d Rodriguez said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The revenue forecast is sunny: <\/strong>The company anticipates revenue growth of 22-23% for 2024, followed by 17-18% in 2025, and around 14% in the medium term, Rodriguez said. Talabat previously announced that it aims to distribute dividends amounting to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2b1b5909-331e-488d-beac-b4fd0bb4eae4\/delivery-hero%25e2%2580%2599s-talabat-to-ipo-on-the-dfm-in-december\" style=\"\" rel=\"noopener\">90% of net income<\/a> post-listing, starting with a minimum payout of USD 100 mn in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Nile <\/strong><strong>Recycling to build PET plastic recycling facility in Egypt: <\/strong>Egypt\u2019s Nile Recycling has signed an agreement with Main Development Company (MDC) to establish a polyethylene terephthalate (PET) plastic recycling facility in the Sokhna Industrial Zone with an initial investment of USD 20 mn, according to a Suez Canal Economic Zone <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/15c4coSTXa\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project will recycle PET bottles into food-grade recycled PET plastic, with a targeted capacity of 22k tons per year once the facility starts production in 1H 2025. The recycled plastic will be used for packaging and food containers, with plans to export abroad. The project is also expected to reduce carbon emissions by 40k tons annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Saudi Arabia\u2019s crude oil supply to China is forecasted to take a hit next month<\/strong>, dipping to 36.5 mn barrels in December, the lowest volume since July, trade sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-crude-oil-supply-china-fall-december-weak-demand-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Weak demand from China is expected to cause crude oil volumes to drop for the second consecutive month, with some 37.5 mn barrels expected to be received by Chinese refiners in November, down from around 46 mn barrels in October. Low levels of fuel consumption in road transport and small margins are set to drag down China\u2019s refining activity in 4Q, with the country\u2019s state majors all expected to lift less crude next month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oil prices slumped this morning on the back of oversupply concerns and <\/strong><strong>disappointment over China\u2019s latest stimulus plan<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-hold-their-ground-after-falling-china-stimulus-2024-11-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures fell 0.2% to USD 71.66 a barrel, while US West Texas Intermediate crude futures were down 0.3% to USD 67.84 a barrel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Baltic index continues to rise<\/strong><strong>:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">rose 4.2%<\/a> yesterday to its highest since 21 October. The capesize index gained 201 points, while the panamax index rose six points and the smaller supramax shed 15 points.<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/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>CIRCLE YOUR CALENDAR-<\/strong><\/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:\/\/www.saudiairportexhibition.com\/\" style=\"\" rel=\"noopener\">Saudi Airport Exhibition<\/a><\/strong><strong> on Monday, 11 November and <\/strong><strong>Tuesday, 12 November<\/strong> in Riyadh. The two-day exhibition will bring together global industry leaders to discuss the latest technologies around the world in the aviation industry. It looks to encourage discussion between Saudi aviation leaders and the global supply chain industry.<\/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>Bahrain will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bahraininternationalairshow.com\/\" style=\"\" rel=\"noopener\">The Bahrain International Airshow<\/a><\/strong><strong> on Wednesday, 13 November and <\/strong><strong>Friday, 15 November<\/strong> near Awali. The three-day event is bringing together over 180 participating companies from over 59 represented nations globally.<\/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 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/egypts-2024-autotech-exhibition-for-automotive-aftermarket-and-feeder-industries-to-kick-off-in-november-e92c1762\" style=\"\" rel=\"noopener\">Autotech Exhibition<\/a><\/strong><strong> on Sunday, 17 November until Tuesday, 19 <\/strong><strong>November<\/strong> in Cairo. The event will bring together prominent local and international companies to discuss and evaluate the latest developments and trends in the automotive aftermarket and feeder industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/al-seer-marine\/\">Al Seer Marine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/damen\/\">Damen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/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=\"82309\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is 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\">\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=\"82310\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\r\n                            DP World acquires 100% of Australia-based Silk Logistics Holdings                        <\/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 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<\/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\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82311\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/992-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"992.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82310\" class=\"content-area-description single-story post-82310 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-dp-world tag-ma-watch tag-shipping-maritime wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.5811623a-fc69-4646-8e14-96f9200bede1.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DP World expands its operations in Australia:<\/strong> DP World Australia, a subsidiary of Dubai-based port operator DP World, is acquiring 100% of port-to-door logistics services provider <a target=\"_blank\" href=\"https:\/\/www.silklogisticsholdings.com.au\/\" style=\"\" rel=\"noopener\">Silk Logistics Holdings<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-australia-announces-acquisition-of-silk-logistics\/\" style=\"\" rel=\"noopener\">statement<\/a>. DP World signed a binding scheme implementation deed with a cash offer set at AUD 2.14 (c. 5.16) per share, valuing the company at AUD 174.5 mn (c. AED 421.3 mn). The transaction, which is awaiting Silk Logistics shareholder approval, is expected to be completed in 1H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan:<\/strong> DP World will uptake Silk Logistics\u2019 major business segments in port logistics and contract logistics, which specialize in wharf cartage services between Australia\u2019s major ports, warehousing, and multimodal distribution solutions. This includes acquiring the firm's Australian operation portfolio, including 21 logistics hubs and 25 warehousing sites across five Australian states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About DP World Australia:<\/strong> The firm operates four container terminals and three container parks in Sydney, Brisbane, Melbourne and Fremantle, in addition to warehouses and inland distribution centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World is on an M&A roll:<\/strong> DP World fully acquired Hong Kong-based logistics firm Cargo Services Far East <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b099fcca-7740-4873-955e-ec971d1cf762\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-acquires-hong-kong%25e2%2580%2599s-cargo-services-far-east\" style=\"\" rel=\"noopener\">in September<\/a>. DP World also entered into a strategic merger and formed a joint venture, DP World Evyap, with Turkey\u2019s Evyap Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ecfeff18-8911-44dc-b0ec-08f64764dc1e\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-%2B-evyap-group-merge-to-manage-two-key-turkish-ports\" style=\"\" rel=\"noopener\">in July<\/a> for the management of two major ports in Turkey\u2019s Marmara region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All part of a wider global expansion plan:<\/strong> DP World is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3018d5bc-10dd-4da4-9eeb-1570b9e88fc8\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-and-masdar-eye-investments-in-the-philippines\" style=\"\" rel=\"noopener\">reportedly looking<\/a> to invest as much as AED 1.6 bn in ports across the Philippines. It has been eyeing potential investments for a logistics hub and an industrial park in the Philippines since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/596dd22e-3682-4f95-9916-50a435d27117\/today:-aldar-forms-a-jv-with-dubai-in-its-uae-logistics-portfolio-expansion\" style=\"\" rel=\"noopener\">earlier this year<\/a>. The firm committed GBP 1 bn (c. USD 1.3 bn) in investments for the DP World-operated London Gateway port <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/edb9e30d-ec82-4492-a609-682f485cadc8\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-resolves-uk-row-%2B-aims-to-commit-gbp-1-bn-towards-london-gateway-today\" style=\"\" rel=\"noopener\">last month<\/a>. It also inked an MoU with officials from Uzbekistan to develop freezones and logistics centers in the country <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8bfe89e-598b-4b85-93a3-8da3b599a92a\/more%253cmark%253e-dp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-cooperation-with-uzbekistan-is-coming\" style=\"\" rel=\"noopener\">in September<\/a>. The firm also plans to shell out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6f5fea43-2e0b-48c4-b36d-956c70323f60\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-eyes-usd-3-bn-in-port-investments-in-africa\" style=\"\" rel=\"noopener\">USD 3 bn<\/a> on new port infrastructure in Africa over the next three to five years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82312 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=\"82312\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/82312\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82312\" class=\"content-area-description single-story post-82312 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82313\" 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=\"82313\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/\">\r\n                            Qatar Airways to participate in IAG buyback scheme                        <\/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\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/\" 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\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/')\">\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\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/\">\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=Qatar Airways to participate in IAG buyback scheme&url=https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/\">\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\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/&title=Qatar Airways to participate in IAG buyback scheme\">\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=Qatar+Airways+to+participate+in+IAG+buyback+scheme+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F11%2F12%2Fqatar-airways-to-participate-in-iag-buyback-scheme%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\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/279.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82314\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-airways-to-participate-in-iag-buyback-scheme\/279-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/279.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"279.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/279.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/279.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82313\" class=\"content-area-description single-story post-82313 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-qatar tag-qatar-airways 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\/11\/.91d8b0a6-090e-4dcd-84a8-46ed58b550bf.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Qatar Airways to participate in IAG buyback scheme:<\/strong> Qatar Airways is selling EUR 88 mn in shares as part of a share buyback program launched by British Airways owner International Consolidated Airlines Group (IAG), with the aim of retaining its 25.1% stake, according to a London Stock Exchange <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/IAG\/share-buyback-programme\/16754696\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The buyback program will also include EUR 262 mn in share purchases from the market. The program kicked off on 11 November and will end no later than 28 February 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The carrier entered into agreements with Goldman Sachs and Morgan Stanley, under which it will sell them its IAG shares, instead of selling them in the market. The shares will be sold during each trading day during the program \u2014 proportionate to the shares acquired by the banks on the open market \u2014 at a price share equal to the volume weighted average price the banks purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- What is a share buyback program? <\/strong><a target=\"_blank\" href=\"https:\/\/www.santander.com\/en\/stories\/share-buyback#:~:text=A%20share%20buyback%20is%20when,higher%20return%20on%20future%20dividends.\" style=\"\" rel=\"noopener\">A share buyback is when firms buy back their own shares from the market<\/a> and cancel them, therefore reducing share capital. The fewer shares in circulation mean that each shareholder in turn gets a larger stake in the firm and a higher return on future dividends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Qatar Airways acquired a stake for USD 600 mn in IAG back in 2020, increasing its holding to 25.1%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/business\/qatar-airways-spends-600-million-to-lift-stake-in-ba-owner-to-25-idUSKBN20D1KA\/\" style=\"\" rel=\"noopener\">Reuters<\/a> previously reported. The Qatari firm previously held a 21.4% stake in IAG \u2014 which owns Spanish carriers Iberia and Vueling and Ireland's Aer Lingus. Qatar Airways first invested in IAG in 2015 \u2014 buying 9.99% of the firm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Spain\u2019s Iberia joined Qatar Airways and British Airways\u2019 airline joint business <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/787cdc9b-4f8b-47f0-89e9-c8a066b0bb98\/uae-joining-biofuels-alliance-%2B-kezad-musaffah-to-revamp-roads.-plus:-more-from-qatar-airways,-iraq,-and-imo\" style=\"\" rel=\"noopener\">back in July 2023<\/a>. Qatar Airways and British Airways currently operate the world\u2019s largest airline joint business, encompassing over 60 countries. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar-airways\/\">Qatar Airways<\/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=\"82315\" 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=\"82315\">\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\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\">\r\n                            Adnoc Gas to snap up 60% of Ruwais LNG project, to pour USD 15 bn into growth by 2029                        <\/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\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\" 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\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/')\">\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\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\">\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=Adnoc Gas to acquire 60% of Ruwais LNG, to pour USD 15 bn into growth by 2029&url=https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\">\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\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/&title=Adnoc Gas to acquire 60% of Ruwais LNG, to pour USD 15 bn into growth by 2029\">\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=Adnoc+Gas+to+acquire+60%25+of+Ruwais+LNG%2C+to+pour+USD+15+bn+into+growth+by+2029+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F11%2F12%2Fadnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029%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\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82316\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/990-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"990.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82315\" class=\"content-area-description single-story post-82315 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnc-gas tag-adnoc tag-al-ruwais tag-gas tag-lng tag-ma-watch 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\/11\/.21ff008c-aef8-41a7-9a6d-299778f518ef.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc Gas is set to acquire a 60% stake in the Ruwais LNG project from its <\/strong><strong>parent group Adnoc in 2H 2028 at cost<\/strong>, for an estimated value of USD 5 bn, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/920.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The plant\u2019s first production unit is slated to come online in 2H 2028, with the second following in early 2029.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown:<\/strong> Global energy giants Shell, BP, TotalEnergies, and Japan\u2019s Mitsui own the remaining 40% stake in Ruwais, at a 10% stake each. They <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c316bbef-20db-4ce6-aa08-64f3fd6f45fd\/adnoc-sells-40%2525-of-ruwais-lng-project-%2B-secures-supply-agreements\" style=\"\" rel=\"noopener\">acquired<\/a> the stakes in July. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas has had its eyes on Ruwais from the start:<\/strong> \u201cIt has always been our intention to acquire Adnoc's 60% stake in Ruwais LNG. This investment is a central component of our ambitious international growth plans and will strengthen Adnoc Gas' position as a powerhouse in the global LNG market,\u201d Adnoc Gas CEO Ahmed Mohamed Alebri said in the statement. We knew this was planned since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf7bd619-f88a-4b27-a210-0c319a28d66f\/adnoc-gas-earmarks-usd-13-bn-for-local-%2B-int%25e2%2580%2599l-expansion\" style=\"\" rel=\"noopener\">earlier this year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas will dispatch the first cargo from the Ruwais facility in late 2028<\/strong>, Adnoc Gas CFO Peter Van Driel said in a virtual media roundtable attended by EnterpriseAM UAE. The company is currently kicking off construction works at Ruwais, Van Driel added, noting that the new plant will help serve gas demand of \u201ccountries either in Europe, the Far East, or in Asia.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ruwais already has offtake agreements lined up:<\/strong> The company has sold 75% of Ruwais\u2019 total production capacity to international customers, Van Driel said. The sold volumes are equivalent to over 7 mn tons per annum (mtpa) of the total 9.6 mtpa of LNG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The signed offtake agreements include a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">15-year agreement<\/a> with China's ENN Natural Gas to deliver 1 mn tons of LNG annually from Ruwais, along with another <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/777e4aea-5903-4594-8f55-bed39b972299\/adnoc-secures-another-15-year-lng-supply-agreement-for-al-ruwais\" style=\"\" rel=\"noopener\">15-year agreement<\/a> with German energy giant Energie Baden-W\u00fcrttemberg to supply it with 0.6 mn tonnes of LNG per year. Adnoc also signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c316bbef-20db-4ce6-aa08-64f3fd6f45fd\/adnoc-sells-40%2525-of%253cmark%253e-ruwais%253c%2Fmark%253e-lng-project-%2B-secures-supply-agreements\" style=\"\" rel=\"noopener\">long-term LNG supply agreements<\/a> to deliver 1.6 mn tonnes per year from the new plant, with 1 mn metric tonnes to Shell and 0.6 mn tons to Mitsui. Most recently, Adnoc secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/48e6b2d3-4cbc-4656-a4bf-135878765665\/adipec-day-three:-more-agreements-from-adnoc#:~:text=Adnoc%20finalizes%20first,supplied%20to%20Mitsui\" style=\"\" rel=\"noopener\">15-year sales and purchase agreement<\/a> (SPA) with Sefe Marketing & Trading Singapore for 1 mn tonnes of LNG.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll soon hear of more purchase agreements from Ruwais:<\/strong> In the coming months, Adnoc Gas expects to reveal \u201cmany more HOAs being converted into final [offtake] agreements,\u201d Van Driel said, without disclosing the names of the companies or a timeline for the agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas ramps up spending to USD 15 bn, to pour heavily in infrastructure:<\/strong> The company has raised its five-year capex plan to USD 15 bn, up from an earlier USD 13 bn, to fund projects \u201cwhich will enable us to capture opportunities from the forecast increase in domestic and global demand for the lower carbon gasses we produce,\u201d says Alebri. The expanded spending plan will be \u201cvery much focused on new infrastructure,\u201d according to Van Driel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf7bd619-f88a-4b27-a210-0c319a28d66f\/%253cmark%253eadnoc-gas%253c%2Fmark%253e-earmarks-usd-13-bn-for-local-%2B-int%25e2%2580%2599l-expansion\" style=\"\" rel=\"noopener\">April<\/a>, Adnoc Gas revealed its plan to invest USD 13 bn over the next five years in both domestic and international markets to help the firm expand its processing capacity and reach more customers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand growth is behind the move:<\/strong> Adnoc Gas has ramped up capex plans to meet an expected 6% annual growth in demand through 2030, up from the initial projection of 2%, as the UAE\u2019s GDP and population continue to expand alongside rising sectors like AI data centers and key industries. This increase in spending aims to boost EBITDA by 40% by 2029, enabling Adnoc to \u201cprocess more raw gas from our supplier and sell it into the UAE market or export markets,\u201d said Van Driel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EARNINGS WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas reported a 11% y-o-y increase in its net income<\/strong>, reaching USD 1.2 bn in 3Q 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/946.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The robust performance came higher than analysts\u2019 expectation of USD 1.19 bn. The Adnoc subsidiary\u2019s revenues climbed 8% y-o-y to USD 6.3 bn in 3Q, surpassing USD 6 bn for the fourth quarter thanks to \u201chigher sales volumes and an improved price environment for export-traded liquids,\u201d the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/947.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-month basis, Adnoc Gas\u2019 bottom line increased 18% y-o-y to USD 3.6 bn in 9M 2024<\/strong>. The company booked USD 18.4 bn in revenues, up 12% y-o-y in 9M 2024, achieving the strong revenue growth despite the mixed pricing environment, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/945.pdf\" style=\"\" rel=\"noopener\">earnings report (pdf)<\/a>. The revenue growth was underpinned by a 6.5% increase in export and traded liquids volumes, a 4.5% rise in gas sales, and a 3.5% growth in domestic gas volumes, the company said in its earnings release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, Anoc Gas will focus on three major projects due by 2029<\/strong>, namely the Ruwais LNG project, alongside the \u201cthe Maximization of Ethane Recovery and Monetization (MERAM) project, which will deliver up to 3.4 mtpa of ethane and NGL production capacity [and] the IGD-E2 project, which will have a [daily] gas processing capacity of 370 mn standard cubic feet.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> Adnoc Gas will distribute USD 3.4 bn in dividends for its 2024 earnings. This includes interim dividends of USD 1.7 bn, set to be distributed in April 2025. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnc-gas\/\">Adnc Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/al-ruwais\/\">Al Ruwais<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/gas\/\">gas<\/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\/ma-watch\/\">M&amp;A WATCH<\/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=\"82317\" 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=\"82317\">\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\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/air-arabia-posts-bottom-line-growth-in-3q-2024\/\">\r\n                            Air Arabia posts bottom line growth in 3Q 2024                        <\/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\/11\/12\/air-arabia-posts-bottom-line-growth-in-3q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The airline\u2019s topline rose 10% y-o-y during the period to AED 1.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-month basis<\/strong>, Air Arabia\u2019s net income fell 5% y-o-y to AED 1.3 bn in 9M 2024. The company\u2019s revenues rose 12% y-o-y to AED 5 bn, driven by strong passenger demand, with over 14 mn passengers traveling with Air Arabia during the period, marking a 13% y-o-y increase.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/earnings-watch\/\">EARNINGS WATCH<\/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=\"82319 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=\"82319\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/82319\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82319\" class=\"content-area-description single-story post-82319 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82320\" 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=\"82320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/\">\r\n                            Qatar Energy inaugurates four new LNG vessels                        <\/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\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/\" 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\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/')\">\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\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/\">\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=Qatar Energy inaugurates four new LNG vessels&url=https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/\">\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\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/&title=Qatar Energy inaugurates four new LNG vessels\">\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=Qatar+Energy+inaugurates+four+new+LNG+vessels+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F11%2F12%2Fqatar-energy-inaugurates-four-new-lng-vessels%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\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1039.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82321\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/qatar-energy-inaugurates-four-new-lng-vessels\/1039-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1039.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1039.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1039.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1039.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82320\" class=\"content-area-description single-story post-82320 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-lng tag-qatar 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\/11\/.ef3db93e-d766-4b8a-9182-06806f335ae8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Qatar Energy onboards four LNG carriers:<\/strong> Qatar Energy has inaugurated four new liquefied natural gas (LNG) vessels developed at the Samsung Heavy Industries (SHI) and Hanwha Ocean shipyards in South Korea, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/qatarenergy\/status\/1854550663059173639?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1854550663059173639%7Ctwgr%5E0f5aee81cb327b0f23d8f8e407dbb8ad10938b15%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.offshore-energy.biz%2Ffour-lng-carriers-for-qatarenergys-expanding-fleet-named-in-south-korea%2F\" style=\"\" rel=\"noopener\">statement<\/a>. This marks the second set of vessels that have been named in Qatar Energy\u2019s new fleet, following the Rex Tillerson and the Umm Ghuwailina at the Hudong-Zhonghua Shipyard in Shanghai back in September, <a target=\"_blank\" href=\"https:\/\/www.offshore-energy.biz\/four-lng-carriers-for-qatarenergys-expanding-fleet-named-in-south-korea\/\" style=\"\" rel=\"noopener\">Offshore Energy<\/a> reported last week. The six-vessel order brings the tally to 128, including 24 QC-Max mega vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>to continue lease for regasification unit in Aqaba port:<\/strong> Egypt and US-based maritime company Energos Infrastructure have reached an agreement to continue leasing for the floating regasification unit currently located in Jordan\u2019s Aqaba Port and shared with the Jordanian government, <a target=\"_blank\" href=\"https:\/\/cnnbusinessarabic.com\/energy\/88051\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D9%84%D8%A7%D8%B3%D8%AA%D8%A6%D8%AC%D8%A7%D8%B1-%D9%88%D8%AD%D8%AF%D8%A9-%D8%AA%D8%BA%D9%88%D9%8A%D8%B2-%D8%AB%D8%A7%D9%86%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%86%D8%B5%D9%81-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%85%D9%86-2025\" style=\"\" rel=\"noopener\">CNN Business Arabic<\/a> reports. The existing lease with the Jordanian government is set to expire at the beginning of 2025.<\/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>Air Ara<\/strong><strong>bia launches new Egypt-Kuwait route: <\/strong>The UAE\u2019s Air Arabia is launching three weekly flights between Cairo International Airport and Kuwait International Airport starting 14 January 2025. (<a target=\"_blank\" href=\"https:\/\/www.airarabia.com\/en\/direct-flights-cairo-kuwait\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Edge Group\u2019s shipbuilding arm to implement OSI\u2019s navigation systems at its <\/strong><strong>vessels:<\/strong> Edge Group\u2019s subsidiary Abu Dhabi Ship Building tapped OSI Maritime Systems, a Canadian provider of naval navigation solutions, to implement the latter\u2019s navigation systems at its RABDAN FA-400 fleet. (<a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/adsb-joins-forces-osi-maritime-systems-equip-rabdan-fa-400-navigational-systems\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82322 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=\"82322\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/82322\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82322\" class=\"content-area-description single-story post-82322 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:\/\/ak-ships.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/87.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82323\" 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=\"82323\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/12\/market-concerned-over-potential-impact-of-trump-tariffs-on-asia\/\">\r\n                            Market concerned over potential impact of Trump tariffs on Asia                        <\/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\/11\/12\/market-concerned-over-potential-impact-of-trump-tariffs-on-asia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The US bilateral trade deficit with China has somewhat decreased since the Trump administration; however, deficits with other Asian exporters have risen considerably and may face greater scrutiny, according to Andrew Tilton, Goldman Sachs' chief Asia-Pacific economist. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India, Japan also at risk: <\/strong>\u201cWith Trump and some likely appointees focused on reducing bilateral deficits, there is a risk \u2013 in a sort of \u2018whack-a-mole\u2019 manner \u2013 burgeoning bilateral deficits could eventually prompt US tariffs on other Asian economies,\u201d Tilton said. India and Japan, which run trade surpluses with the US, could also be at risk, he went on to say. Asian countries could attempt to lower existing trade surpluses with the US and \u201cdeflect attention\u201d via various means, such as shifting imports to the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Open economies should watch out:<\/strong> Trump's proposed tariffs are expected to cause \u201cgreater pain\u201d to more open economies in the region, with Taiwan being more vulnerable to this impact than Korea or Singapore, according to Barclay Bank economists. \u201cWe see Thailand and Malaysia in the middle, with Thailand estimated to take a slightly larger hit,\u201d the note added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Europe is also assessing how it can contain or counter the tariffs<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/11\/how-europe-could-try-to-get-around-future-trump-tariffs.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. Economists warn that it remains uncertain whether Trump\u2019s tariffs on Europe will be \u201cas damaging as feared,\u201d as noted by ING economists in a report last Friday, or if they will merely serve as \u201ca bargaining chip designed to unlock wider foreign policy deals.\u201d Nevertheless, there have been calls in Europe for the bloc to start preparing retaliatory actions, with the director of Germany\u2019s Ifo Center for International Economics urging the EU to \"strengthen their position through their own measures.\"<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Canada\u2019s Montreal port lockout begins<\/strong><strong>:<\/strong> Canada\u2019s Maritime Employers Association (MEA) has declared a lockout at Montreal Port, after 99.7% of Montreal Longshoremen\u2019s union members rejected a final offer made for a new labor contract, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/montreal-dockworkers-union-reject-offer-lockout-begin-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The offer included a 3% salary increase per year over four years and a 3.5% increase over the two subsequent years. All longshoring at the port will be locked out effective last night, with only essential services unrelated to longshoring to continue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Unionized workers launched a strike <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a8d4533f-ce86-4198-b121-16599e7926c5\/canada-scrambles-to-handle-nation-wide-port-strikes\" style=\"\" rel=\"noopener\">last week<\/a> at two Termont-run terminals at Montreal Port, which are responsible for handling 40% of the port\u2019s container traffic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offer was rejected due to the MEA\u2019s refusal to negotiate<\/strong>, says the union. \u201cIf the MEA had respected the collective bargaining process, solutions would have been found and a conflict at the Port of Montreal would have been avoided,\u201d said union adviser Michel Murray in a statement cited by the newswire. The lockout is set to impact some 1.2k port workers and slow Canadian exports and imports. The port handled some 8.7 mn metric tons in 3Q 2024 alone.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/canada\/\">Canada<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/montreal-port-strike\/\">Montreal port strike<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/us\/\">US<\/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=\"82325\" 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\/11\/12\/82325\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82325\" class=\"content-area-description single-story post-82325 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;\">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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">World Advanced Manufacturing Logistics Summit & Expo<\/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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\">Saudi Airport Exhibition<\/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>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>13-15 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.azernews.az\/business\/230842.html\" style=\"\">ITC North-South - New Horizons<\/a><\/span><span style=\"font-weight:400;\">, Astrakhan, Russia<\/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 Show<\/a><\/span><span style=\"font-weight:400;\">, 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>19-21 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/simrsnf.com\/\" style=\"\">Saudi International Maritime Forum<\/a><\/span><span style=\"font-weight:400;\">, Dammam, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20-21 November (Wednesday-Thursday): Saudi Rail Exhibition, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 November (Friday): Egypt and Italy to launch a ro-ro shipping line connecting Damietta Port with Port of Trieste.<\/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>2-3 December (Monday-Tuesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wings-of-change-middle-east\/\" style=\"\">Wings of Change Middle East<\/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>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/morocco.railmeetings.com\/en\/\" style=\"\">Rail Industry Summit<\/a><\/span><span style=\"font-weight:400;\">, Casablanca, 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>10-12 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mebaa.aero\/\" style=\"\">Middle East Business Aviation<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight: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 style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2024-releases\/2024-06-03-04\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, New Delhi, India.<\/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>2Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/p\/tWzEZHVq6kk1CNvX\/\" style=\"\">ICAO Facilitation Conference 2025<\/a><\/span><span style=\"font-weight:400;\"> (FLAC 2025), Dohar, 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;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-5 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/event-news\/qatar-boosts-maritime-growth-new-shipping-event-2025\" style=\"\">Seatrade Maritime Qatar<\/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;\">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>16-17 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" 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>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;\">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>4-6 November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tiaca.org\/tiaca-to-hold-air-cargo-forum-2025\/\" style=\"\">The International Air Cargo Association TIACA\u2019s Air Cargo Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/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;\">2026 UNCTAD Global Supply Chains Forum, 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;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Qatar Airways to participate in IAG buyback scheme | Adnoc Gas to acquire Adnoc\u2019s stake in Ruwais LNG<\/p>\n","protected":false},"featured_media":82306,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82305","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"85a2e4fd-2f1a-4d65-ace5-7d25d8656357","teaser":"Qatar Airways to participate in IAG buyback scheme | Adnoc Gas to acquire Adnoc\u2019s stake in Ruwais LNG","photo_url":"https:\/\/ent.news\/2024\/4\/454.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>DP World fully acquires Australia\u2019s Silk Logistics - 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