{"id":69794,"date":"2023-03-23T00:00:00","date_gmt":"2023-03-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/23\/today-plenty-of-ma-news-russian-coal-shipments-drive-up-demand-for-capesize-vessels-says-msi\/"},"modified":"2023-03-23T00:00:00","modified_gmt":"2023-03-23T00:00:00","slug":"today-plenty-of-ma-news-russian-coal-shipments-drive-up-demand-for-capesize-vessels-says-msi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/03\/23\/today-plenty-of-ma-news-russian-coal-shipments-drive-up-demand-for-capesize-vessels-says-msi\/","title":{"rendered":"TODAY: Plenty of M&#038;A news + Russian coal shipments drive up demand for capesize vessels, says MSI"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, friends.<\/span><span style=\"font-weight:400;\"> It\u2019s the final day before Ramadan, and we\u2019re cherishing our last sips of morning coffee before a month of fasting; we hope you are too as you go through today\u2019s issue. <\/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;\">THE BIG STORY TODAY- There\u2019s a smattering of big stories coming out of the UAE, Egypt and Oman: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">AD Ports <\/span><span>is <\/span><span style=\"font-weight:700\">eyeing stakes <\/span><span>in <\/span><span style=\"font-weight:700\">Egyptian <\/span><span>state-owned<\/span><span style=\"font-weight:700;\"> cargo handling firms;<\/span><\/li>\n<li><span style=\"font-weight:700\">Amazon <\/span><span>has launched a<\/span><span style=\"font-weight:700\"> fulfillment center <\/span><span>in <\/span><span style=\"font-weight:700\">Dubai <\/span><span>that will up its<\/span><span style=\"font-weight:700\"> storage capacity <\/span><span>in the emirate by<\/span><span style=\"font-weight:700;\"> 70%; <\/span><\/li>\n<li><span>Oman\u2019s <\/span><span style=\"font-weight:700\">Rakiza <\/span><span>fund <\/span><span style=\"font-weight:700\">acquired <\/span><span>a <\/span><span style=\"font-weight:700\">31% stake <\/span><span>in <\/span><span style=\"font-weight:700\">Oman International Container Terminal<\/span><span style=\"font-weight:400;\"> in the Port of Sohar.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">WHAT\u2019S HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt1\"><\/a><\/span><span style=\"font-weight:700\"> WATCH THIS SPACE-<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/oci-global.com\/\" style=\"\">OCI Global<\/a><\/span><span style=\"font-weight:700\"> + Lotte Fine want to build bunkering supply <\/span><span style=\"font-weight:700\">chain: <\/span><span>OCI Global and Lotte Fine Chemical agreed to work together on the production of green ammonia as part of plans to set up a global supply chain and bunkering network<\/span><span>, according to a press <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/oci-global.com\/news-stories\/stories\/oci-global-signs-mou-with-lotte-fine-chemical-for-the-supply-of-low-carbon-and-green-ammonia\/\" style=\"\">release<\/a><\/span><span style=\"font-weight:400;\">. OCI will supply Lotte Fine Chemical with low carbon ammonia production from Texas starting later this year, and will eventually cooperate on ammonia-powered vessels in Ulsan, Korea, for commercialization in 2025, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt2\"><\/a>  <\/span><span style=\"font-weight:700\">King Abdulaziz Port makes new container handling record: <\/span><span style=\"\">King Abdulaziz Port in<\/span><span> Dammam handled 18,553 TEUs on one vessel, marking the highest throughput ever recorded at any Saudi port, according to a Saudi Ports Authority (Mawani) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mawani.gov.sa\/en-us\/MediaCenter\/NewsCenter\/Pages\/King-Abdulaziz-Port-Breaks-Container-Handling-Record.aspx\" style=\"\">statement<\/a><\/span><span>. The previous record of 18,021 TEUs was set in 2Q 2022 aboard a CSCL Indian Ocean, a 20k TEU container ship. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a><\/span><span style=\"font-weight:700\">Kuwait Ports Authority has launched the first phase of the KWD 48.8 mn<\/span><span style=\"font-weight:700\"> redevelopment of berths at Shuwaikh Port<\/span><span style=\"\">, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/kpa.gov.kw\/en\/latest-news\/news\/71\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The phase will involve the demolition and removal of eight berths, which will be followed by phases involving the dredging and deepening of the basins up to a 14.5 meter draft and the building of sidewalks.The project will take up to 3 years to complete, according to the statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a>  <\/span><span style=\"font-weight:700\">Russian coal shipments are driving up demand for capesize vessels:<\/span><span style=\"\"> Capesize <\/span><span>freight rates are in for a wave of upside volatility as Russian coal shipments become redirected to Western countries on the back of Western sanctions on Russian energy, MSI\u2019s Associate Director Plamen Natzkoff writes for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/splash247.com\/energy-market-disruption-sees-coal-cargoes-fire-up-capesize-demand\/\" style=\"\">Splash247<\/a><\/span><span style=\"font-weight:400;\">. Some 25% of Russian coal exports are now served by the capesize market, up from approximately 10% previously, as exports are rerouted to new destinations around 4k km away from the country, including China, India and Turkey. This is nearly double the distance that Russian coal exports took in 2018-2019, which averaged around 2-2.5km, Natzkoff writes. <\/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;\"><\/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\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/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 href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">CIRCLE YOUR CALENDAR-<\/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\">The MENA region\u2019s first drone industry event, the Levitate Conference and <\/span><span style=\"font-weight:700\">Exhibition, will take place from 16-17 July at the St. Regis Amman<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/levitate-conference-the-premier-event-for-the-drone-industry-announced-kvkgrtuc\" style=\"\">press release<\/a><\/span><span>. The event is organized through a partnership between the Special Operations Forces for Exhibition and Conference (SOFEX) Jordan and Sager Electronics. The conference aims to raise awareness on the latest trends, developments, and innovations in the drone industry and to explore different drone-powered solutions. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.press\/am-edition\/%23calendar\" style=\"\">Check out our full calendar on the web<\/a><\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. It\u2019s the final day before Ramadan, and we\u2019re cherishing our last sips of morning coffee before a month of fasting; we hope you are too as you go through today\u2019s issue. THE BIG STORY TODAY- There\u2019s a smattering of big stories coming out of the UAE, Egypt and Oman: AD Ports is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69795,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[17,343,30,782,783,784,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-69794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterprise-logistics","tag-green-ammonia","tag-king-abdulaziz-port","tag-oci-global","tag-shuwaikh-port","tag-vessels","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"1120b6ab-36a3-4841-8823-fbf7025f38ad","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/3\/492.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Plenty of M&A news + Russian coal shipments drive up demand for capesize vessels, says MSI","related_issue":[69792],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.3fd19c01-e28d-40d2-ab34-66d326267ad3.mp3"},"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>TODAY: Plenty of M&amp;A news + Russian coal shipments drive up demand for capesize vessels, says MSI - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/03\/23\/today-plenty-of-ma-news-russian-coal-shipments-drive-up-demand-for-capesize-vessels-says-msi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Plenty of M&amp;A news + Russian coal shipments drive up demand for capesize vessels, says MSI\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. It\u2019s the final day before Ramadan, and we\u2019re cherishing our last sips of morning coffee before a month of fasting; we hope you are too as you go through today\u2019s issue. 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