{"id":71232,"date":"2023-06-05T00:00:00","date_gmt":"2023-06-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/"},"modified":"2023-06-05T00:00:00","modified_gmt":"2023-06-05T00:00:00","slug":"today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/","title":{"rendered":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, lovely people. <\/span><span style=\"\">It\u2019s a busy start to the week in the logistics world, with a lot<\/span><span style=\"font-weight:400;\"> going on in the departments of aviation, ports, and diplomacy. Let\u2019s dive in.<\/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 LOGISTICS STORY- Iran has conducted feasibility studies to establish a seaport<\/span><span style=\"font-weight:700\"> on the Gulf of Oman<\/span><span style=\"font-weight:400;\">, as part of plans to develop its maritime economy.<\/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<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\"><span style=\"font-weight:700\">ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/span><span style=\"font-weight:400;\"> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/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\">We have tons more in the pipeline \u2014 come help us build new publications.<\/span><span style=\"font-weight:400;\"> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/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;\">Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/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\">That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/span><span style=\"font-weight:400;\">, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/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\">NEVER WORKED IN A NEWSROOM BEFORE?<\/span><span style=\"font-weight:400;\"> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/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;\">During the program you will learn:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to develop sources that will give you the key insights needed to tell a complete story;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to communicate these stories with the confidence and language of an insider.<\/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\">Not an internship program \u2014 a career:<\/span><span style=\"font-weight:400;\"> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/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\">Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/span><span style=\"font-weight:400;\"> in your subject line.<\/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\">            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 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\"><span style=\"\"><a id=\"wwtt2\"><\/a><\/span><span style=\"font-weight:700\"> UN tries to salvage the Black Sea grain agreement:<\/span><span>The UN has asked Ankara, Moscow, and Kyiv to take steps to prepare for the transit of Russian ammonia through Ukrainian ports while it pursues parallel talks aimed at widening the agreement to include more ports and cargoes, sources close to the talks told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/un-tries-save-black-sea-grain-deal-with-mutually-beneficial-proposal-source-2023-05-31\/\" style=\"\">Reuters<\/a><\/span><span>. Russia recently agreed to a two-month extension to the arrangement, but<\/span><span> it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c4b703ab-2188-4dc8-ba18-c72c512d8e13\" style=\"\">got off to a rocky start<\/a><\/span><span> with Russia citing obstacles to its exports of grains and fertilizers and Ukraine accusing Russia of blocking its own <\/span><span style=\"font-weight:400;\">grain exports. Ukraine and Turkey have accepted the new proposal tendered by the UN, but Russia has yet to respond, sources told Reuters. <\/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\">Ukrainian officials have nevertheless aired designs for a \u201cplan B\u201d that will allow it to <\/span><span style=\"font-weight:700\">sidestep Russia if the current initiative fails<\/span><span>,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/ukraine-has-plan-b-continue-exports-if-grain-deal-collapses-minister-2023-06-02\/\" style=\"\">Reuters<\/a><\/span><span> reported separately. The Ukrainian government has put together a USD 547 mn fund to provide ins. for ships coming to its ports with Ukrainian officials saying that merchant vessels should have confidence that Ukraine\u2019s defenses \u201ccan do their job\u201d to protect them from Russian attacks, according to official Ukrainian statements cited by <\/span><span>Reuters<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">Global air cargo demand continued to fall in April<\/span><span style=\"\">, though at a slower monthly pace, according to data from the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-05-31-01\/\" style=\"\">International Air Transport Association<\/a><\/span><span>. Global demand, measured in cargo ton-kilometers (CTK), fell  6.6% <\/span><span>y-o-y<\/span><span style=\"font-weight:400;\"> (down 7% for international operations). However, available cargo capacity, measured in available CTK (ACTK), was up 13.4% y-o-y and up 3.2% from April 2019, surpassing pre-covid-19 levels for the first time in three years. The increase in capacity was primarily driven by belly capacity as passenger demand recovers.  <\/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\">How did MENA\u2019s airlines do? <\/span><span>They reported a decline in cargo volumes of 6.8% <\/span><span>y-o-y<\/span><span style=\"font-weight:400;\">, while African airlines had a positive performance with increased demand of 20% y-o-y and a capacity increase of 5.3% y-o-y.  <\/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\">What they said: <\/span><span>\u201c<\/span><span style=\"font-weight:400;\">The air cargo industry is adjusting itself to the implications of the recovery in passenger demand that brings with it an expansion of belly capacity,\u201d IATA Director General Willie Walsh said. \u201cPreighter operations stopped in March and freighter services were scaled back by 2.3% in April,\u201d he added. <\/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<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\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE #1<\/span><span style=\"\">- <\/span><span style=\"font-weight:700\">Iraqi Transport Minister Razzag Al Saadawi invited China <\/span><span style=\"font-weight:700\">to participate in its USD 17 bn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/ff52a464-ac8b-439c-a401-9fafd0f3bc97\" style=\"\">Development Road Project<\/a><\/span><span>, whether through investments or implementation, during a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/iq.china-embassy.gov.cn\/eng\/sghd\/202306\/t20230602_11088694.htm\" style=\"\">meeting<\/a><\/span><span> between Al Saadawi and Chinese ambassador Cui Wei on Wednesday, according to an Iraqi <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/motrans.gov.iq\/?article=625\" style=\"\">Transport Ministry statemen<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/motrans.gov.iq\/?article=625\" style=\"\">t<\/a><\/span><span>. While Iraq is open to contributions from all countries, it is \u201clooking forward to an effective contribution by China,\u201d Al Saadawi added. Iraq is planning a second press <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/ff52a464-ac8b-439c-a401-9fafd0f3bc97\" style=\"\">conference<\/a><\/span><span style=\"font-weight:400;\"> to further discuss the project, and plans to invite China to it, Al Saadawi said, without disclosing an exact date for the conference. <\/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\">China could benefit from being involved in the project: <\/span><span>The project is \u201can important transportation node linking East to West and therefore can be used by China for its trade and because it is a short route between Asian and European markets,\u201d Baghdad-based economist Nabeel Al Marsoumi told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thenationalnews.com\/mena\/iraq\/2023\/06\/02\/iraq-woos-china-for-transport-project-linking-asia-to-europe\/\" style=\"\">The National<\/a><\/span><span>. While the countries do have friendly ties, there are \u201cdoubts that China would pour money into this project,\u201d he added, attributing this to the security situation and the difficulty of protecting foreign investments in Iraq.<\/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\">WATCH THIS SPACE #2- Oman will award the design contract for Musandam Airport<\/span><span style=\"font-weight:700\"> by 3Q 2023:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.caa.gov.om\/\" style=\"\">Oman Civil Aviation Authority<\/a><\/span><span>is expected to award the design and supervision contract for its proposed Musandam Airport by 3Q 2023, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/oman-likely-to-award-musandam-airport-design-contract-in-q3-e16nfixo\" style=\"\">Zawya<\/a><\/span><span style=\"font-weight:400;\"> quotes sources it says are in the know as saying. The project is set to be complete by 4Q 2027, with an estimated value of around USD 200 mn, another source reportedly said. <\/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 contract details:<\/span><span style=\"font-weight:400;\"> The commercial submission date for the contract is scheduled for 2 July, with the contract expected to be awarded by September 2023.  The contract scope includes preliminary design, detailed design, tender documents and tendering, supervision and post contract services. The bidders list includes 14 companies, according to officials from 14 companies, Zaywa reports.<\/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\">WATCH THIS SPACE #3- <\/span><span style=\"font-weight:700\">The construction of phase three of <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.agility.com\/en\/\" style=\"\">Agility\u2019s<\/a><\/span><span style=\"font-weight:700\"> logistics park in <\/span><span style=\"font-weight:700\">Abidjan in C\u00f4te d'Ivoire is underway<\/span><span>, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Agility\/status\/1664177888365535232?cxt=HHwWgICz8Zy-rJguAAAA\" style=\"\">company said<\/a><\/span><span>. Set for completion in <\/span><span>1Q 2024<\/span><span style=\"font-weight:400;\">, the completion of this phase of construction will triple the amount of space at the facility by offering an additional 33k sqm of move-in ready units. <\/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\">Don\u2019t know what a logistics park is?<\/span><span> Check out our handy <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6fe027a5-7f2d-434c-adc7-5c585193389c\" style=\"\">explainer<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE #4- We could see more acquisitions from Agility\u2019s<\/span><span style=\"font-weight:700\">Menzies amid a wider consolidation trend<\/span><span style=\"font-weight:700\">: <\/span><span>Agility subsidiary<\/span><span>Menzies Aviation is focusing on both acquisitions and organic growth as the aviation industry shifts from diesel to more environmentally-friendly alternatives, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-01\/airport-handler-menzies-targets-deals-as-industry-ditches-diesel?srnd=deals\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports. Menzies is looking to strengthen its presence in Southeast Asia by acquiring a smaller rival in the region. The company\u2019s expansion strategy is concentrated in southern and eastern Europe, the UK, Latin America, and Southeast Asia. Menzies aims to increase its current 250 locations to 300 by the end of 2024 or early 2025, with a long-term vision of reaching 450 locations. The airport handler\u2019s CEO Philipp Joeinig predicts that four major global players will acquire smaller competitors that have operations in one or two airports.<\/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\">Menzies has been on an acquisition + expansion spree:<\/span><span> Just last month the company formed a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7c48ed9e-fec1-4be8-82d4-2de5a11abf26\" style=\"\">joint venture with MYAirline<\/a><\/span><span> to establish a ground services company in Kuala Lumpur International Airport and expanded its presence in Latin America with the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5c7b535f-ba88-4767-8831-d4364cfd1ea7\" style=\"\">acquisition of Aircraft Services and Consulting<\/a><\/span><span> in Panama. The company also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2918aff7-a123-4542-ad7b-040d6aaa9515\" style=\"\">acquired a 50.1% stake<\/a><\/span><span> in TAP Air Portugal\u2019s aviation services subsidiary, Groundforce, in April.<\/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\">WATCH THIS SPACE #5- <\/span><span style=\"font-weight:700\">An airport operator in Qatar is among several potential partners Hungary is in <\/span><span style=\"font-weight:700\">discussions with to help it acquire and operate Budapest Airport<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/deals\/hungary-looking-friendly-co-investor-acquire-budapest-airport-2023-06-01\/\" style=\"\">Reuters<\/a><\/span><span> reports.<\/span><span style=\"font-weight:400;\">The government is aiming for a controlling share but is open to negotiating the terms, according to Economic Development Minister Marton Nagy. The acquisition could be finalized by the end of 2023, he said. \u201cThe state would like to buy the airport together with a friendly co-investor, who could also be able to operate the airport,\" Nagy said.<\/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\">REFRESHER- <\/span><span>Hungary's has been attempting to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4ab3cbd5-4825-46b6-9cbc-75508eec037c\" style=\"\">repurchase Budapest Airport<\/a><\/span><span style=\"font-weight:400;\"> from its current owners \u2014 a consortium led by AviAlliance, a Germany-based airport management company and the airport\u2019s largest shareholder. The government is currently engaged in advanced discussions to reacquire the airport for EUR 4.44 bn. <\/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<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\"><span style=\"font-weight:400;\"><a href=\"https:\/\/twitter.com\/ArabNewsBiz\/status\/1665369587112726528\/photo\/3\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/136.jpeg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Saudi Arabia\u2019s Riyadh Air has unveiled one of two liveries following the <\/span><span style=\"font-weight:700\">announcement that it has secured a designator code <\/span><span>\u2014 RX \u2014 from the International Air Transport Association (IATA), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.arabnews.com\/node\/2315716\/business-economy&sa=D&source=editors&ust=1685915805542953&usg=AOvVaw0n5w4b4hegBA52vRQveBZv\" style=\"\">Arab News<\/a><\/span><span style=\"font-weight:400;\"> reports. The PIF-owned airline\u2019s launch was announced in March, and is set to begin operations by early 2025. <\/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;\">MARKET WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt5\"><\/a> <\/span><span style=\"font-weight:700\">Baltic index takes worst weekly hit in nearly five months:<\/span><span style=\"\"> The Baltic Exchange's <\/span><span>main sea freight <\/span><span>index fell for the 16th straight session on Friday, at its sharpest pace since early January,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.hellenicshippingnews.com\/baltic-dry-bulk-index-sees-worst-week-in-nearly-five-months\/&sa=D&source=editors&ust=1685915805543613&usg=AOvVaw1N1pUnw8tj5Z7zIYzf28Zq\" style=\"\">Reuters<\/a><\/span><span>reported. The main index slumped 21.6% for the week, while the overall index <\/span><span>\u2014 <\/span><span style=\"font-weight:400;\">which factors in rates for capesize, panamax, and supramax vessels \u2014 fell 18 points, or 1.9%, to settle at 919, its lowest in more than three months. <\/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 breakdown:<\/span><span style=\"font-weight:400;\"> The capsize index, which is the index\u2019s largest component, was down 2.5% on Friday, marking a 33% fall over the week and the biggest weekly drop since 17 February, according to Reuters. The supramax index tracking smaller sized vessels fell 3.3% to mark its lowest reading since late February and meant that it was down 13.4% for the week. Analysts cited lower European coal imports and a slower-than-expected recovery in China as factors dragging down the Baltic Index, Reuters reported. <\/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\">Drewery\u2019s World Container Index (WCI) fell 0.2% last week and 77.9% <\/span><span style=\"font-weight:700\">y-o-y<\/span><span style=\"\">, <\/span><span>according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry&sa=D&source=editors&ust=1685915805544385&usg=AOvVaw3nrXAuyybacbeDQ3r2pGMc\" style=\"\">website<\/a><\/span><span style=\"font-weight:400;\">. The composite index value is 84% below its peak in September 2021 and 37% lower than the 10-year average, indicating a return to normalcy following the pandemic. The index is now 18% above average pre-pandemic rates. <\/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\">India crowds out Saudi for imports of Russian oil in May: <\/span><span style=\"\">India\u2019s imports of Russian oil rose to 1.96 mn barrels per day (bbl \/ d) in May, up 15% from <\/span><span>the previous month, while Saudi imports declined to their lowest levels since February 2021, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.bloomberg.com\/news\/articles\/2023-06-01\/india-took-even-more-russian-oil-last-month-crowding-out-saudis%23xj4y7vzkg&sa=D&source=editors&ust=1685915805544846&usg=AOvVaw2_5S57ccs2pwKCwj45e7s9\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">reports. The surge in Russian crude oil imports comes on the back of their competitive prices, which reached USD 68.21 \/ bbl in April, compared with the Saudi price of USD 77.77 \/ bbl. Overall volumes are expected to see a continued rise in June and July as a result of increased demand from Indian refineries, an analyst at Vortexa was quoted as saying. <\/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;\">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 <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.cnsc.net\/en\/events\/cns-partnership-conference\/&sa=D&source=editors&ust=1685915805545386&usg=AOvVaw1kHRfxnGlXxbjYoPw7yp5z\" style=\"\">Cargo Network Services Partnership Conference<\/a><\/span><span style=\"font-weight:700\"> kicked off yesterday<\/span><span style=\"\">,<\/span><span style=\"\">and <\/span><span style=\"font-weight:400;\">will run until tomorrow in Miami. The conference brings together industry leaders and decision makers to explore the future development of air cargo. <\/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\">Check out our full calendar<\/span><span style=\"font-weight:400;\"> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, lovely people. It\u2019s a busy start to the week in the logistics world, with a lot going on in the departments of aviation, ports, and diplomacy. Let\u2019s dive in. THE BIG LOGISTICS STORY- Iran has conducted feasibility studies to establish a seaport on the Gulf of Oman, as part of plans to develop [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71233,"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":[145,248,17,552,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-china","tag-enterprise-logistics","tag-ukraine","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7690da8d-7509-4d5a-b8d9-a42576e46d0e","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/6\/139.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Air cargo demand is on the decline + could China invest in Iraq\u2019s Development Road Project? PLUS: News on the UAE, the Black Sea grain pact, Agility, Oman and Qatar","related_issue":[71230],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.4273bfa4-39de-4ef9-be26-343f5df129bd.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: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar - 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\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar\" \/>\n<meta property=\"og:description\" content=\"Good morning, lovely people. It\u2019s a busy start to the week in the logistics world, with a lot going on in the departments of aviation, ports, and diplomacy. Let\u2019s dive in. THE BIG LOGISTICS STORY- Iran has conducted feasibility studies to establish a seaport on the Gulf of Oman, as part of plans to develop [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar\",\"datePublished\":\"2023-06-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\"},\"wordCount\":2008,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"China\",\"Enterprise Logistics\",\"Ukraine\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"What we're tracking today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\",\"name\":\"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-05T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/","og_locale":"en_US","og_type":"article","og_title":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar","og_description":"Good morning, lovely people. It\u2019s a busy start to the week in the logistics world, with a lot going on in the departments of aviation, ports, and diplomacy. Let\u2019s dive in. THE BIG LOGISTICS STORY- Iran has conducted feasibility studies to establish a seaport on the Gulf of Oman, as part of plans to develop [&hellip;]","og_url":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/","og_site_name":"Logistics","article_published_time":"2023-06-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar","datePublished":"2023-06-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/"},"wordCount":2008,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1","keywords":["AVIATION","China","Enterprise Logistics","Ukraine","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["What we're tracking today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/","url":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/","name":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1","datePublished":"2023-06-05T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/05\/today-air-cargo-demand-is-on-the-decline-could-china-invest-in-iraqs-development-road-project-plus-news-on-the-black-sea-grain-pact-agility-oman-and-qatar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"TODAY: Air cargo demand is on the decline + Could China invest in Iraq\u2019s Development Road Project? PLUS: News on the Black Sea grain pact, Agility, Oman and Qatar"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/139.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/71232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=71232"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/71232\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/71230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/71233"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=71232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=71232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=71232"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=71232"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=71232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}