{"id":72714,"date":"2023-08-10T00:00:00","date_gmt":"2023-08-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/10\/today-iran-lobbies-for-brics-membership-ukraine-looks-for-workaround-for-grain-exports-amid-black-sea-blockade\/"},"modified":"2023-08-10T00:00:00","modified_gmt":"2023-08-10T00:00:00","slug":"today-iran-lobbies-for-brics-membership-ukraine-looks-for-workaround-for-grain-exports-amid-black-sea-blockade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/10\/today-iran-lobbies-for-brics-membership-ukraine-looks-for-workaround-for-grain-exports-amid-black-sea-blockade\/","title":{"rendered":"TODAY: Iran lobbies for BRICS membership + Ukraine looks for workaround for grain exports amid Black Sea blockade"},"content":{"rendered":"

Good morning, friends. <\/strong>The busy newsflow of the past week seemed to slow to a crawl, with just a few updates coming out of the UAE and Iran. <\/p>\n

ALSO- We have a meaty explainer for you on a topic that is relevant now more than ever <\/strong>, as multiple trade routes across the world continue to experience disruptions due to climate change. In this first part of a two-part explainer, we dive into how climate change is affecting trade and what locations are the most vulnerable right now. <\/p>\n

THE BIG LOGISTICS STORY- Iran is working to connect its Sarakhs Economic Zone in <\/strong> the northeast of the country to another freezone and border area in the western region <\/strong>of the country. Meanwhile, Dubai\u2019s Aramex saw its bottomline fall 57% in 2Q 2023 on the back of market headwinds. <\/p>\n

HAPPENING TODAY- <\/strong><\/p>\n

[wwtt1] Iran lobbies for BRICS membership: <\/strong>Iran\u2019s existing cooperation with China and India on logistical projects has already strengthened transport links between the two countries, and it can do the same with countries like Brazil and South Africa, semi-official Mehr news agency<\/a> quotes Iranian Foreign Minister Hossein Amir Abdollahian as saying during a conference. Iran \u2014 as a surplus energy producer \u2014 will also bolster BRICS\u2019 economic standing, Abdollahian is quoted as saying.<\/p>\n

Background: <\/strong>Iran formally applied<\/a> to join BRICS last year in hopes of leveraging new trade potential after decades of Western sanctions left its economy crippled. <\/p>\n

\n

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<\/a> Ukrain <\/strong> e to boost exports with new transshipment strategy: <\/strong>The Ukrainian government is implementing a new scheme for its grain exports that allows it to expand boundaries of one of the country\u2019s ports on the Danube to allow for transshipments, according to a statement<\/a>. \u201cThe document was supplemented with new geographical coordinates for the location of anchorages near the mouth of the Bystre, to organize roadside transshipment of grain cargo from the sea ports of Ust-Dunaisk and Izmail to Panamax vessels,\u201d the country\u2019s ports authority said. This should enable transshipping cargo from one vessel to another while vessels are anchored, rather than just at the port\u2019s berth.<\/p>\n

The context: <\/strong> Ukraine, a major grain producer, is expected to cultivate some 55 mn metric tons in 2023, of which it will consume only 17 mn tons, increasing the need for export avenues, Reuters<\/a> reports. Ukraine has been facing major obstacles to exporting its grain, with Russia blockading<\/a> the country\u2019s major sea ports, mostly limiting export avenues to smaller river ports on the Danube. <\/p>\n

<\/a> An alternative to the Panama Canal? <\/strong>Canadian Pacific Kansas City (CPKC) is offering a lifeline for shippers looking to transport cargo from the Pacific to the US east coast, providing an alternative route to the currently backlogged Panama Canal, Seatrade Maritime<\/a> reports. The company, which was created from a merger between Canadian Pacific and Kansas City Southern, connects Canada, the US, and Mexico through a single-line railway. \u201cWe're able to offer this solution where a shipper can avoid maybe having their cargo taken off the vessel, or restricted in cargo weight [while transiting the Panama Canal],\u201d said Corey Heinz, managing director of sales at CPKC. Shippers can load their cargo onto an Asia-bound vessel that reaches Mexico\u2019s Lazaro Cardenas, unload there, and then transport by rail to access the markets of Houston, Dallas, Kansas City, and Chicago, he explains. <\/p>\n

ICYMI- <\/strong>The Panama Canal\u2019s administrator expects a USD 200 mn revenue decline<\/a> in the 2023-24 fiscal year after a drought forced the canal to adopt water-saving measures that have slowed down shipping in the waterway. Daily transit capacity has been reduced to an average of 32 vessels<\/a> starting 30 July, causing a projected 16% decline in cargo ship transits. <\/p>\n

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CIRCLE YOUR CALENDAR- <\/strong> The Enterprise Finance Forum is taking place on 18-19 <\/strong> September at the St. Regis Hotel in Cairo. <\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n

TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n

Do you want to become a commercial partner? <\/strong> Ping a note to Moustafa Taalab, our head of commercial<\/a>, or fill out this form<\/a> and we\u2019ll be in touch.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

LISTEN TO OUR PODCAST- <\/strong><\/p>\n

MISSED THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong>The Enterprise<\/a><\/strong>Podcast has you covered<\/a><\/strong> : <\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May. Throughout, we learned lessons from some of Egypt\u2019s biggest exporters on how Egypt can export its way out of a crisis. We heard everything from how to build an exports and FDI strategy, to identifying a foreign partner and tapping into a global supply chain. <\/p>\n

WANT TO LISTEN? Head to: <\/strong>Apple Podcasts<\/a> | Spotify<\/a> | Google Podcasts<\/a> | Anghami<\/a> | Omny<\/a>. <\/p>\n

IT\u2019S THE FINAL EPISODE- <\/strong>Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies \u2014 be they in age-old industries or emerging ones \u2014 have adapted to changes to better position their businesses for an uncertain future. We were joined by Nadia El Tawil, <\/strong> investment officer at pan-African private equity firm AfricInvest, Mostafa Bedair <\/strong>, CEO of Giza Seeds and Herbs, and Abdallah Sallam, <\/strong>CEO of Madinet Masr. <\/p>\n

OUR FORUM SERIES CONTINUES NEXT SUNDAY WITH THE ENTERPRISE CLIMATE <\/strong> FORUM- <\/strong>Fresh off the heels of a successful COP27, we held our first forum to dive deep into the fundamentals of what we think is the world\u2019s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition. And we did it all in the Grand Egyptian Museum. <\/p>\n

Check out our full calendar <\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. The busy newsflow of the past week seemed to slow to a crawl, with just a few updates coming out of the UAE and Iran. ALSO- We have a meaty explainer for you on a topic that is relevant now more than ever , as multiple trade routes across the world continue […]<\/p>\n","protected":false},"author":1,"featured_media":72715,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[104,17,119,32,552,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-commodities","tag-enterprise-logistics","tag-iran","tag-trade","tag-ukraine","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"cd9bee4d-f033-433a-81d5-8a484cfbbe75","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/8\/481.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Iran lobbies for BRICS membership + Ukraine looks for workaround for grain exports amid Black Sea blockade","related_issue":[72712],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.c51dd5c5-ebdd-4b30-ab8e-ffd91129590e.mp3"},"yoast_head":"\nTODAY: Iran lobbies for BRICS membership + Ukraine looks for workaround for grain exports amid Black Sea blockade - 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\/08\/10\/today-iran-lobbies-for-brics-membership-ukraine-looks-for-workaround-for-grain-exports-amid-black-sea-blockade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Iran lobbies for BRICS membership + Ukraine looks for workaround for grain exports amid Black Sea blockade\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. 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