{"id":93373,"date":"2026-03-11T00:00:00","date_gmt":"2026-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=93373"},"modified":"2026-03-11T06:55:35","modified_gmt":"2026-03-11T06:55:35","slug":"war-tanks-the-oil-tanker-pricing-playbook","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/war-tanks-the-oil-tanker-pricing-playbook\/","title":{"rendered":"War tanks the oil tanker pricing playbook"},"content":{"rendered":"<section id=\"93375\" 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=\"93375\">\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\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/today-is-the-tanker-market-now-pricing-risk-more-than-cargoes\/\">\r\n                            TODAY: Is the tanker market now pricing risk more than cargoes?                        <\/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\/2026\/03\/11\/today-is-the-tanker-market-now-pricing-risk-more-than-cargoes\/\" 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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Meanwhile, Egypt is putting Berenice port back on the map \u2014 courting investors for it and other key logistics zones. Let\u2019s dive in\u2026<\/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><a id=\"wwtt1\"><\/a>  <\/strong><strong>SHIPPING<\/strong><strong> \u2014 <\/strong><strong>DP World launches a bonded lan<\/strong><strong>d bridge to bypass port disruptions:<\/strong> DP World enacted a temporary contingency arrangement to allow customers to reroute import containers from Khorfakkan and Fujairah ports to Dubai\u2019s Jebel Ali via bonded road transit, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaitrade.ae\/en\/news-announcements\/dp-world\/import-arrangement-via-alternative-uae-ports\" style=\"\">statement<\/a>. Under the new system, DP World will coordinate the trucking movement of both import and freezone shipments to ensure cargo continues to flow despite the current regional situation. Final customs clearance and duty payments on the goods will remain centralized at Jebel Ali.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So did Abu Dhabi Ports<\/strong>, which yesterday shared a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/587.pdf\" style=\"\">notice (pdf)<\/a> informing its customers of the temporary operational arrangement allowing them to reroute containers from Khorfakkan and Fujairah ports to Abu Dhabi\u2019s Khalifa Port through customs bonded transit by truck or rail. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> The UAE is using its internal road infrastructure to minimize trade disruptions. By moving goods under bond, DP World allows companies to offload cargo at the country\u2019s eastern ports \u2014 just outside the Strait of Hormuz \u2014 while maintaining the administrative and customs convenience of Jebel Ali.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alternative gateways are emerging through the haze: <\/strong>Oman\u2019s Salalah port remains a key safe transshipment hub as it sits outside the strait \u2014 <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2026\/03\/09\/strait-of-hormuz-empty-container-return-suspension\" style=\"\">Maersk<\/a> and <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2026\/03\/service-update--suspension-of-the-imx-and-agx-services.html\" style=\"\">Hapag-Lloyd<\/a> continue to call at Salalah, despite dropping Jebel Ali.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Major shipping giants <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/05\/today-can-port-capacity-offset-geopolitical-risk\/\" style=\"\">MSC<\/a>, Maersk, Hapag-Lloyd, Cosco, and CMA CGM have all <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/02\/how-will-the-widening-regional-conflict-affect-logistics-in-the-region\/\" style=\"\">suspended<\/a> new transits in the Persian Gulf, diverting Gulf-bound vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> AUTOMOTIVE \u2014 Hormuz closure triggers car market paralysis: <\/strong>While used vehicles could become a primary market focus due to an expected decline in demand for premium brands in a high-price environment, as we reported <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/car-sales-set-to-take-a-hit-as-war-dampens-consumer-spending-and-prices-spike\/\" style=\"\">last week<\/a>, the closure of the Strait of Hormuz has paralyzed a corridor for Japanese and South Korean used-vehicle exports, <a target=\"_blank\" href=\"https:\/\/asia.nikkei.com\/business\/automobiles\/iran-s-hormuz-shutdown-disrupts-global-used-vehicle-supplies-from-japan\" style=\"\">Nikkei Asia<\/a> reports. The halt on re-exports through the UAE is expected to trigger a supply crunch and jack up prices across Middle Eastern and African markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> AVIATION \u2014 Air cargo plummeted 22% last week as disruptions mount.<\/strong><strong> <\/strong>Shipments ranging from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/perishables-plane-parts-stranded-middle-east-conflict-hits-air-cargo-2026-03-05\/\" style=\"\">perishables to aerospace components<\/a> are in limbo after the escalating regional conflict halted supply chains through Doha and Dubai. The impact is most severe on the Asia-Middle East-Europe corridor, where capacity has been slashed by 39%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong>For regional operators, this cements the idea that the \u201cMiddle East hub\u201d model is being jeopardized, as shippers face a 5% spike in air rates to the US and a massive surge in maritime war risk premiums.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT<\/strong><strong>- <\/strong>Airspace closures and flight cancellations last week withdrew <a target=\"_blank\" href=\"https:\/\/www.xeneta.com\/news\/middle-east-conflict-is-the-latest-macro-event-testing-the-global-air-logistics-market\" style=\"\">some 12%<\/a> of global air cargo capacity from the market instantaneously.<\/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>Oil prices fell this morning after reports from the IEA may release record reserves to curb <\/strong><strong>spikes from the regional war, <\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-fall-wsj-says-iea-proposes-largest-oil-stock-release-ever-2026-03-11\/\" style=\"\">Reuters<\/a> reports. Brent crude futures declined USD 0.23 to trade at USD 87.57 \/ bb by 00.23 GMT, while US West Texas Intermediate (WTI) slipped USD 0.37 to USD 83.08 \/ bbl.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, closer to home: <\/strong><strong>The<\/strong><strong> Middle East\u2019s oil machine is slowing to a crawl<\/strong><strong>: <\/strong>The UAE, Saudi Arabia, Iraq, and Kuwait have cut production by some 6.7 mn bbl \/ d \u2014 shaving some 6% of global oil supply, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-10\/middle-east-oil-output-cuts-deepen-as-ships-stay-clear-of-hormuz\" style=\"\">Bloomberg<\/a> reports, citing people familiar with the matter. Iraq has trimmed some 2.9 mn bbl \/ d, Saudi roughly 2.5 mn bbl \/ d, the UAE 500k-800k bbl \/ d, and Kuwait about 500k bbl \/ d. For Saudi Arabia, the UAE, and Kuwait, that translates to roughly 20-25% below February output levels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The spillover: <\/strong>The crisis is triggering a \u201csevere chain reaction\u201d across shipping, ins., aviation, agriculture, and automotive supply chains,\u201d Aramco\u2019s CEO Amin Nasser said, noting that global inventories are already sitting near five-year lows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> Baltic Index rebound didn\u2019t last: <\/strong>The Baltic Exchange\u2019s dry bulk sea which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\">7.1%<\/a> to 1,919 points on Tuesday, its lowest since 10 February. The capesize slid 11.8% to 2,502 points, while the panamax index decreased 2.7% to 1,861. The smaller supramax index declined by 2.3% to 1,342 points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s<\/strong><strong> non-oil private sector continued to contract in February<\/strong>, with the headline S&P Global Purchasing Managers\u2019 Index (PMI) falling to 48.9 from 49.8 in January, according to S&P\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/179.pdf\" style=\"\">report (pdf)<\/a>. The dip marks the end of a three-month expansion streak \u2014 the longest growth streak since late 2020 \u2014 as softening demand and accelerating cost pressures forced firms to scale back operations. Despite the slip below the 50.0 neutral threshold, the reading remained above the survey\u2019s long-run average of 48.3.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both output and new orders saw declines in February<\/strong>, with new orders contracting at their fastest rate in five months and a notable drop in sales across the manufacturing, services, and wholesale and retail sectors. Construction was the lone bright spot, reporting an improvement in order volumes amid the broader slowdown.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big culprit?<\/strong> Input costs. Average price pressures went up substantially, hitting their highest level since May 2025. Businesses reported being squeezed by a surge in global prices for oil and metals, which drove up import expenses. While costs are soaring, most firms are reluctant to pass those hikes onto customers, choosing instead to eat the difference and let their margins take the hit, explains David Owen, senior economist at S&P Global Market Intelligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cEgyptian non-oil companies were notably exposed to the uplift in global commodity prices<\/strong>,\u201d said Owen. Firms will be looking for commodity markets to settle, as high input inflation has historically been the primary constraint on local output, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MSC offers inland alternatives to Hormuz: <\/strong>Global shipping giant MSC has alerted its customers of solutions for inland cargo transport, connecting King Abdullah and Jeddah ports to ports in the Arabian Gulf, it said in a <a target=\"_blank\" href=\"https:\/\/www.msc.com\/en\/newsroom\/news\/2026\/march\/asia-to-red-sea-competitive-transit-times-to-the-gulf-via-king-abdullah-and-jeddah?_gl=1*1upducw*_up*MQ..*_ga*MjE0MTM3NTE5OC4xNzczMTc5MjIx*_ga_9HMJRMP77C*czE3NzMxNzkyMjEkbzEkZzEkdDE3NzMxNzkyMjUkajU2JGwwJGgw\" style=\"\">statement<\/a>. The Dragon and Jade services allow cargoes to bypass the Strait of Hormuz on their way to Asian destinations.<\/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\">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 and Transmar.<\/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=\"\">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=\"\">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=\"\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\">the UAE<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\"><\/a> <strong>***<\/strong><\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/620.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93379\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/war-tanks-the-oil-tanker-pricing-playbook\/620-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93378\" class=\"content-area-description single-story post-93378 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-enterprise-logistics tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">!_StoryTags_!, trade, SHIPPING + MARITIME, UAE, Oman,<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Has<\/strong><strong> the crude tanker market gone from a normal supply-demand <\/strong><strong>market to a live risk-price screen? <\/strong>In the last two weeks, the big benchmark routes have been repriced less by \u201chow many cargoes\u201d and more by \u201chow many owners will actually send a ship.\u201d Owner willingness has collapsed as Hormuz becomes a war zone.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The scale shows up clearly in data: <\/strong>On the benchmark Baltic Exchange VLCC route from Middle East Gulf to China (TD3C), assessed earnings have shifted from \u201cvery strong\u201d to panic-level prints in days. For TD3C, it was <a href=\"https:\/\/www.reuters.com\/business\/energy\/mideast-asia-oil-tanker-rates-highest-since-2020-iran-tensions-simmer-2026-02-26\/\" target=\"_blank\" rel=\"noopener\">USD 206k per day<\/a> on 26 February, but after the outbreak of the war it was <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/middle-east-oil-shipping-costs-surge-all-time-high-us-iran-conflict-intensifies-2026-03-02\/\" target=\"_blank\" rel=\"noopener\">USD 423.7k per day<\/a> on 2 March, while market benchmarks put early-March assessments in the range of <a href=\"https:\/\/www.balticexchange.com\/en\/data-services\/WeeklyRoundup\/tanker\/news\/2026\/tanker-report-week-10.html\" target=\"_blank\" rel=\"noopener\">USD 486k<\/a> per day. <a href=\"https:\/\/www.gibsons.co.uk\/report\/middle-east-mayhem\/\" target=\"_blank\" rel=\"noopener\">Gibson Shipbrokers<\/a> had the TD3C route at USD 506k per day late in the first week of March vs USD 215k per day in late February \u2014 a 136% jump in a week.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Rates were already climbing before the war:<\/strong> The Middle East-China VLCC route earnings were <a href=\"https:\/\/www.reuters.com\/business\/energy\/middle-east-oil-exports-push-tanker-costs-6-year-high-amid-threat-us-iran-war-2026-02-24\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> at USD 170k per day on 24 February.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>But the market is also warning you not to take every print literally: <\/strong>Lloyd\u2019s List <a href=\"https:\/\/www.lloydslist.com\/LL1156492\/Crude-tanker-rates-in-unchartered-territory-VLCC-index-tops-420K\" target=\"_blank\" rel=\"noopener\">flagged<\/a> that extreme index spikes can be driven by very few fixtures and may not hold if agreements fail or remain unconfirmed \u2014 which matters a lot if freight is now indexed.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>A quick crash course on how freight forward agreements work: <\/strong>Say, for example, the current freight rate for a VLCC route is USD 40k per day. A trader then thinks rates will spike because of geopolitical risk, so they buy a freight forward contract (FFA) that locks in USD 40k per day for the next month. If the actual rate becomes USD 60k per day, they make the difference \u2014 if it drops to USD 30k per day, they lose. No ship movement, it\u2019s purely financial \u2014 think derivatives.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>And a quick translation for non-shipping readers: <\/strong>Tanker freight is often quoted in Worldscale points (WS) first \u2014 a standard reference cost for transporting oil on a route. WS 100 represents the benchmark reference cost of a voyage. TD routes are the benchmark voyages, so when the benchmark Middle East-China route, known as TD3C, jumps to levels like WS 400 or higher, it signals that charterers are paying four times the normal cost for transporting crude. Brokers then convert WS into an earning number (TCE, time-charter equivalent) to express it as USD per day.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The domino effect: <\/strong>When TD3C blows out, it pushes the West Africa-Europe (TD20), Black Sea-Mediterranean (TD6), and Atlantic basin routes up as refiners substitute cargoes from outside the Gulf and tanker demand shifts across basins.<\/p>\n<p class=\"tag-border-left\">Supply squeeze and fleet utilization<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The market move makes more sense once you look at effective supply: <\/strong>When ships idle at anchorage, take longer routes, or refuse a zone, you shrink the number of cargoes the fleet can deliver per month \u2014 even if the world fleet size hasn\u2019t changed. Right now, the utilization shock is visible in three hard indicators:<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>First, anchorages filled up: <\/strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/hundreds-ships-drop-anchor-middle-east-gulf-us-war-iran-escalates-data-shows-2026-03-01\/\" target=\"_blank\" rel=\"noopener\">At least<\/a> 150 tankers dropped anchor beyond Hormuz at the beginning of March, and at least another 100 anchored outside Hormuz along the UAE and Oman coasts. <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/london-marine-insurers-still-offering-middle-east-cover-war-risk-rates-rise-2026-03-04\/\" target=\"_blank\" rel=\"noopener\">Later estimates<\/a> put \u201cat least 200 ships\u201d (mixed types, including tankers) at anchor off major Gulf producers by 4 March.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Second, transit collapsed: <\/strong>Tanker transits \u2014 of all types \u2014 through Hormuz <a href=\"https:\/\/www.ukmto.org\/-\/media\/ukmto\/products\/update-007--jmic-advisory-note-07mar_2026_final.pdf?rev=fcb462eca21b43048c9afb1aebee9d55\" target=\"_blank\" rel=\"noopener\">fell<\/a> from 50 in late February, hitting almost zero in the first week of March vs a historical average of some 140 vessel transits per day.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Third, mainstream tonnage got trapped or repositioned:<\/strong> Nearly 10% of mainstream oil tankers are trapped near Hormuz, while <a href=\"https:\/\/apnews.com\/article\/strait-hormuz-iran-energy-war-5b60e82ef2fc68e2b43aa570a32404dd\" target=\"_blank\" rel=\"noopener\">3.2k ships are idling inside the Arabian Gulf<\/a>, with 500 waiting outside \u2014 which is huge friction even if not all are tankers.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ICYMI-<\/strong> <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/10\/hormuz-standoff-persists-while-red-sea-earnings-spike\/\" target=\"_blank\" rel=\"noopener\">Currently, 35 VLCCs<\/a> are idling on the eastern side of the strait, with another 22 steaming toward the Gulf from the Indian coast.<\/p>\n<p class=\"tag-border-left\">Floating storage and congestion<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The market impact is also about ships being forced into waiting mode. <\/strong>Large anchorages as well as near-zero transits create two overlapping effects. First, they reduce effective fleet supply \u2014 a ship at anchor is not completing voyages \u2014 which is freight-bullish in the short run.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>It also starts to build \u201ctrapped barrels.\u201d<\/strong> Estimated oil volumes stranded on tankers in the Middle East Gulf rose by some <a href=\"https:\/\/www.reuters.com\/business\/energy\/barclays-says-brent-could-test-120bbl-if-middle-east-tensions-persist-2026-03-06\/\" target=\"_blank\" rel=\"noopener\">85 mn barrels<\/a> since the conflict began. If that\u2019s right, storage saturates and producers start shutting \u2014 which is already happening. Less export volume eventually becomes freight-bearish \u2014 because you can\u2019t ship what isn\u2019t produced.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>So the tanker market is doing two things at once <\/strong>\u2014 pricing a shortage of available ships now, while anxiously watching for a shortage of available cargoes later.<\/p>\n<p class=\"tag-border-left\">What comes next<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>If <\/strong><strong>escorted transits<\/strong><strong> and stabilized ins. terms arrive fast, you get a \u201creopening rally <\/strong><strong>unwind\u201d: <\/strong>Rates can fall hard even if the war continues, because the backlog clears and the fear premium leaks out. Talks of US escorts have resurfaced alongside state-backed ins. ideas, but nothing like a clean corridor yet.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>If paralysis drags on, you can keep outsized spot prints \u2014 but also more \u201cpaper vs <\/strong><strong>physical\u201d fights.<\/strong> Both Gibson and Baltic benchmarks explicitly describe parts of the curve as theoretical\/uncertain because the market isn\u2019t fixing normally. That matters because many shipping contracts are linked to benchmark freight indexes, while traders hedge exposure through freight forward agreements. When only a handful of fixtures set those benchmarks, small price swings can ripple through the entire tanker market. Lloyd\u2019s List <a href=\"https:\/\/www.lloydslist.com\/LL1156492\/Crude-tanker-rates-in-unchartered-territory-VLCC-index-tops-420K\" target=\"_blank\" rel=\"noopener\">quotes<\/a> multiple brokers warning that rumours are rife and unconfirmed rates aren\u2019t being \"publicized or confirmed.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>For now, the tanker market is pricing a shortage of ships. <\/strong>But if exports begin to shut because storage fills and production slows, the shortage could flip. Freight markets may soon discover the harder problem isn\u2019t finding ships \u2014 it\u2019s finding cargo.<\/p>\n<p class=\"tag-border-left\">Other freight markets are reacting differently<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Container shipping has reacted far more calmly so far:<\/strong> \u201cOcean container price increases have been limited just to containers directly impacted by the closure of Hormuz, meaning limited to emergency surcharges for containers already headed for the Gulf states or area,\u201d Judah Levine, head of research at Freightos, told EnterpriseAM, noting that rising fuel costs are already resulting in fuel surcharges being announced, so fuel prices may start to have an impact on container rates.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Recent increases in container freight rates are likely tied to the usual post-Chinese new <\/strong><strong>year demand pickup rather than the gulf crisis.<\/strong> \u201cSo these increases are likely not related to the Hormuz closure, though the fuel increases could start showing up as a component of rate levels once they are introduced, and could push prices higher than they would've been otherwise, but not to extremes for now, Levine told us.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\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\/the-big-story-today\/\">THE BIG STORY 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=\"93380 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=\"93380\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/93380\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93380\" class=\"content-area-description single-story post-93380 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\"><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=\"93381\" 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=\"93381\">\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\">Projects<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/egypt-seeks-new-investors-for-berenice-and-logistics-zones\/\">\r\n                            Berenice Port is back on the block                        <\/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\/2026\/03\/11\/egypt-seeks-new-investors-for-berenice-and-logistics-zones\/\" 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 ministry is working with the General Authority for Investment and Freezones to find an investor for the public-private partnership, we were told.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER-<\/strong> The ministry decided to take the reins of the project due to a lack of progress on infrastructure and the submission of technical proposals, despite interest and requests from shipping agencies and international shipping lines to operate within the port, a senior government source told us at the time. The reasons for Alghranim\u2019s withdrawal were not disclosed, but our source said that uncertainty regarding the Suez Canal waterway, the timeline for recovery of traffic through the strait, and the return of international shipping agencies to the Bab El Mandeb region may have played a part.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The details: <\/strong>The project includes a 1.2 km-long cargo quay with a depth of 17 meters and a 1.1 mn sqm logistics area designed to handle large cargo ships and integrate port operations with inland logistics corridors.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The ministry has also separately offered Nuweiba Seaport for private investment<\/strong>, covering completion of port infrastructure and operational management, in addition to the construction of a nearby yacht marina, the sources said. A tender is also live for the construction of a yacht marina at El Quseir port on the Red Sea, we were told.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>On land, the ministry is also rolling out a string of integrated logistics zone projects to <\/strong><strong>investors<\/strong>, which are designed to streamline cargo flow, reduce port congestion, and integrate maritime, river, and land transport, maximizing economic returns and supporting regional trade growth.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The network will cover Egypt\u2019s key trade arteries<\/strong> and include West Alexandria Port, the Tahya Misr 2 terminal, Sadat City, Kom Abu Radi in Beni Suef, and Port Tawfiq. It also includes Arqin on the Egyptian-Sudanese border and Gargoub on the Mediterranean to support trade with the country\u2019s African neighbours.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>There are plans for additional logistics zones along the Nile<\/strong>, including Dandara River Port in Qena, which aim to improve inland cargo movement and link river transport to national supply chains.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93383 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=\"93383\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/93383\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93383\" class=\"content-area-description single-story post-93383 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\"><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=\"93384\" 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=\"93384\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Disruption Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/\">\r\n                            Al Ruwais gets hit                        <\/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\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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href=\"https:\/\/x.com\/intent\/post?text=Drone strike halts operations temporarily at Adnoc\u2019s Al Ruwais refinery&url=https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/\">\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\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/&title=Drone strike halts operations temporarily at Adnoc\u2019s Al Ruwais refinery\">\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=Drone+strike+halts+operations+temporarily+at+Adnoc%E2%80%99s+Al+Ruwais+refinery+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2026%2F03%2F11%2Fdrone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery%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\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/600.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93385\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/drone-strike-halts-operations-temporarily-at-adnocs-al-ruwais-refinery\/600-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93384\" class=\"content-area-description single-story post-93384 post type-post status-publish format-standard has-post-thumbnail hentry category-disruption-watch tag-adnoc tag-disruption-watch tag-enterprise-logistics tag-oil-gas tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Another<\/strong><strong> oil facility hit in the UAE:<\/strong> Adnoc halted operations at its Ruwais oil refinery \u2014 one of the world\u2019s largest \u2014 following a drone strike that resulted in a fire at the Ruwais Industrial Complex, where the refinery is located, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-10\/uae-says-drone-attack-causes-fire-in-zone-that-houses-refinery\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. Abu Dhabi authorities said they were trying to contain the blaze as of midday yesterday, according to a <a href=\"https:\/\/x.com\/ADMediaOffice\/status\/2031332643586163042\" target=\"_blank\" rel=\"noopener\">post on X<\/a>. No injuries have been reported so far.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT-<\/strong> The refinery is the UAE\u2019s largest and the only one in Abu Dhabi, with a processing capacity of over 900k bbl \/ d of oil. The rest of the UAE\u2019s refining capacity is located at the Enoc refinery in Dubai and smaller plants in Sharjah and Fujairah, which primarily process heavy crudes and fuel oil.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>This follows a series of attacks last week and earlier this week <\/strong>on the <a href=\"https:\/\/www.wam.ae\/en\/article\/bz2fvmx-fire-fujairah-oil-industry-zone-brought-under\" target=\"_blank\" rel=\"noopener\">Fujairah Oil Industry Zone<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The complex is also home to a host of Adnoc\u2019s facilities<\/strong>, including those of chemical maker Borouge and fertilizer producer Fertiglobe. Adnoc is also currently building a massive LNG export terminal at the site. T\u2019aziz \u2014 a JV between Adnoc and ADQ \u2014 is also developing a wider chemicals complex and transition fuels site there, which is expected to contribute some AED 183 bn to the economy \u2014 targeting 4.7 mn tons in annual capacity.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Iran\u2019s drone strikes triggered a wave of energy asset disruptions across the Gulf last week<\/strong>, with Saudi Arabia temporarily suspending operations at its largest refinery and Qatar halting liquefied natural gas exports.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>With ongoing disruptions and the Strait of Hormuz still closed, refineries might need to \u201creduce their production to the level required to meet domestic demand<\/strong>,\u201d Justin Alexander, director of Khalij Economics and GCC analyst for GlobalSource Partners, tells EnterpriseAM.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Targeting oil facilities could also mean a slower recovery once the Strait reopens:<\/strong> \u201cAny serious damage [to refineries] could impact the restart time to normal operations once the Strait reopens. The shut in of exports, beyond what can be piped or trucked to Fujairah, remains the main economic impact from the war.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The disruptions have already forced oil producers across the region to slash output<\/strong> \u2014 a move aimed at delaying a complete shutdown as storage fills up, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-10\/middle-east-oil-output-cuts-deepen-as-ships-stay-clear-of-hormuz\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports, citing a person it says is in the know. Meanwhile, Adnoc said it was \u201cmanaging offshore production\u201d due to storage constraints while still using export capacity that bypasses the Strait of Hormuz to continue exports, alongside its global storage network.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\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\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/disruption-watch\/\">DISRUPTION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oil-gas\/\">Oil &amp; Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93386\" 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=\"93386\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/\">\r\n                            DP World taps new regional CEO for the GCC                        <\/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\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/\" 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\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/')\">\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\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/\">\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=New GCC CEO for DP World + Noatum has a new VP for Global Ocean Freight&url=https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/\">\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\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/&title=New GCC CEO for DP World + Noatum has a new VP for Global Ocean Freight\">\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=New+GCC+CEO+for+DP+World+%2B+Noatum+has+a+new+VP+for+Global+Ocean+Freight+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2026%2F03%2F11%2Fnew-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight%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\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/616.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93387\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/new-gcc-ceo-for-dp-world-noatum-has-a-new-vp-for-global-ocean-freight\/616-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/616.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"616.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/616.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/616.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93386\" class=\"content-area-description single-story post-93386 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-dp-world tag-enterprise-logistics tag-gcc tag-moves tag-shipping-maritime wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DP World names new GCC CEO:<\/strong> UAE ports giant DP World has <a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/march\/10-03\/dp-world#:~:text=DP%20World%20appoints%20Ahmad%20Yousef%20Al%2DHassan%20as%20Chief%20Executive,markets%20in%20the%20Upper%20Gulf.\" target=\"_blank\" rel=\"noopener\">appointed<\/a> Ahmed Yousef Al-Hassan (<a href=\"https:\/\/www.linkedin.com\/in\/ahmad-yousef-al-hassan-07b61819\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a>) as chief executive officer and managing director for the GCC. Al-Hassan will lead the group\u2019s regional portfolio, including ports, terminals, logistics, marine services, and trade solutions. Al-Hassan previously served as chief financial officer for DP World\u2019s GCC business and earlier led finance for the company\u2019s Asia Pacific operations.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The ports giant recently <\/strong><strong><a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/16\/leadership-reshuffle-at-dp-world-and-a-pcfc-appointment\/\" target=\"_blank\" rel=\"noopener\">shuffled<\/a><\/strong><strong> its leadership<\/strong> <strong>team<\/strong>, appointing longtime executive Yuvraj Narayan as group CEO, with the former CFO stepping into the role after Sultan Ahmed bin Sulayem resigned.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Noatum<\/strong><strong> picks new VP for Global Ocean Freight:<\/strong> Noatum Logistics has <a href=\"https:\/\/www.linkedin.com\/posts\/noatum-logistics_globalleadershipregionalexpertise-adportsgroup-activity-7436698548055801857-S6VL\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACT9L64BQS3XU8pGoZ1U9QlaZo8LzQJ9_fc\" target=\"_blank\" rel=\"noopener\">tapped<\/a> Joachim Schaut (<a href=\"https:\/\/www.linkedin.com\/in\/joachim-schaut-a8a00a171\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a>) as senior vice president for Global Ocean Freight. Schaut previously held leadership roles at DB Schenker and DSV and brings over 20 years of experience in ocean freight operations and carrier relations.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\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\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/moves\/\">MOVES<\/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=\"93388\" 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=\"93388\">\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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/\">\r\n                            Aramco hit by lower prices and higher operating costs                        <\/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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/\" 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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/')\">\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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/\">\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=Aramco earnings take a hit from softer prices and rising costs&url=https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/\">\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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/&title=Aramco earnings take a hit from softer prices and rising costs\">\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=Aramco+earnings+take+a+hit+from+softer+prices+and+rising+costs+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2026%2F03%2F11%2Faramco-earnings-take-a-hit-from-softer-prices-and-rising-costs%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\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/614.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93389\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/11\/aramco-earnings-take-a-hit-from-softer-prices-and-rising-costs\/614-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/614.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"614.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/614.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/614.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93388\" class=\"content-area-description single-story post-93388 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aramco tag-earnings-watch tag-enterprise-logistics tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Lower crude prices drag Aramco\u2019s 4Q and FY 2025 earnings<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Higher operating costs weighed on Saudi Aramco\u2019s bottom line for 4Q 2025 <\/strong>\u2014 which fell 20.5% y-o-y to USD 17.8 bn, according to an <a href=\"https:\/\/ent.news\/2026\/3\/551.pdf\" target=\"_blank\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm\u2019s revenue and other sales income slipped 2.9% y-o-y to USD 111 bn, driven by lower crude prices.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Lower crude, refined product, and chemicals prices knocked down <\/strong><strong>Aramco\u2019s net income for FY 2025 12.1% y-o-y to USD 93.4 bn<\/strong>, according to an <a href=\"https:\/\/ent.news\/2026\/3\/551.pdf\" target=\"_blank\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenue and other sales income fell 7.2% y-o-y to USD 445.7 bn, though higher sales volumes across refined and chemical products, gas, and crude oil, partly cushioned the decline.<\/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\/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\/aramco\/\">Aramco<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93390\" 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\/2026\/03\/11\/93390\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93390\" class=\"content-area-description single-story post-93390 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;\">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:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>9-13 March (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/WCALtd\/posts\/get-ready-the-official-website-for-the-wca-worldwide-conference-2026-is-launchin\/1070064335151993\/\" style=\"\">World Cargo Alliance Worldwide Conference<\/a><\/span><span style=\"font-weight:400;\">, Singapore. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>10-12 March (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/world-cargo-symposium\/\" style=\"\">World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, Lima, Peru.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-19 March (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.intralogistex.co.uk\" style=\"\">IntraLogisteX<\/a><\/span><span style=\"font-weight:400;\">, Birmingham, United Kingdom. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-19 March (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/netzerocompare.com\/events\/green-marine-transport-2026\" style=\"\">Green Marine Transport Conference<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, The Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>26 March (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2026-gulf-ship-finance-forum\" style=\"\">Gulf Ship Finance 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 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>12-15 April (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zumizointernational.com\/trade-shows\/saudi-smart-logistics\/\" style=\"\">Saudi Smart Logistics<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>16-17 April (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferenziaworld.com\/global-supply-chain-and-logistics-summit\/#:~:text=16th%20%2D%2017th%20April%202026%20\/%20Amsterdam,Logistic%20Summit%20Introduction\" style=\"\">Global Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, The Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>23-24 April<\/span><span> (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.key-notion.com\/sustainability-world-summit\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>28-30 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/portugal26\/\" style=\"\">Mediterranean Ports and Logistics<\/a><\/span><span style=\"font-weight:400;\">, Porto, Portugal.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit.html\" style=\"\">The Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/iata-aviation-energy-forum\/\" style=\"\">Aviation Energy Forum (AEF)<\/a><\/span><span style=\"font-weight:400;\">, Paris, France.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 May<\/span><span> (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east-fintech\/index.stm\" style=\"\">Seamless Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19-21 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/iata-ground-handling-conference\/\" style=\"\">Ground Handling Conference (IGHC)<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19-21 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tocworldwide.com\/en\/home.html\" style=\"\">Terminal Operations Conference & Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Hamburg, Germany.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>2-4 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\" style=\"\">ProPak Mena<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-5 June<\/span><span> (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/supplyclo.com\" style=\"\">Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 June (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2026\/\" style=\"\">IATA World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;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 June<\/span><span> (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/black-sea-ports-and-logistics-2026-istanbul\/\" style=\"\">Black Sea Ports and Logistics<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>22-23 June (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-1 August (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aircargomiddleeastexpo.com\/?utm_source=referral-traffic&utm_medium=ref-visit&utm_campaign=google.com\" style=\"\">Air Cargo Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-1 August (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/SWLExpo\/\" style=\"\">Saudi Warehouse and Logistics Expo<\/a><\/span><span>, 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:700\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\">Saudi Maritime & Logistics Congress<\/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>28-30 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportlogistic.de\/en\/transport-logistic-worldwide\/\" style=\"\">Transport Logistics 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 style=\"font-weight:700\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-22 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/singapore-to-host-gpf\/global-ports-forum-singapore-draft-agenda\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Singapore.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>26-29 (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aircargoforum.org\/event\/4d30ed99-e73f-4fcd-a160-2701037fad18\/summary\" style=\"\">Air Cargo Forum<\/a><\/span><span style=\"font-weight:400;\">, Miami, US.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>27-29 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/events\/285\/routes-world-2026\/\" style=\"\">Routes World<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">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>2-5 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span>, Abu Dhabi, UAE.<\/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>Tanker risk swings | Berenice Port seeks new investors | Al Ruwais gets hit<\/p>\n","protected":false},"featured_media":93374,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-93373","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f96db53d-5829-4536-a5dd-88d86217fc5a","teaser":"Tanker risk swings | Berenice Port seeks new investors | Al Ruwais gets hit","photo_url":"https:\/\/ent.news\/2026\/3\/626.jpeg"},"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>War tanks the oil tanker pricing playbook - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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