{"id":73096,"date":"2023-08-29T00:00:00","date_gmt":"2023-08-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/29\/today-india-further-curbs-rice-exports-the-worlds-largest-aircraft-carrier-docks-in-turkey\/"},"modified":"2023-08-29T00:00:00","modified_gmt":"2023-08-29T00:00:00","slug":"today-india-further-curbs-rice-exports-the-worlds-largest-aircraft-carrier-docks-in-turkey","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/29\/today-india-further-curbs-rice-exports-the-worlds-largest-aircraft-carrier-docks-in-turkey\/","title":{"rendered":"TODAY: India further curbs rice exports + The world\u2019s largest aircraft carrier docks in Turkey"},"content":{"rendered":"

Good morning, ladies and gentlemen. <\/strong> After a very busy start to the week yesterday, we bring you a much calmer (relatively speaking) news day from the logistics world today. <\/p>\n

THE BIG LOGISTICS STORY- <\/strong> Oman is working on a total of 240 logistics projects and investment initiatives, with several projects in ports and road infrastructure currently underway as part of Oman Vision 2040. <\/p>\n

^^ We have everything on this story and more in the news well, below.<\/p>\n

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<\/a> India increases controls on rice exports: <\/strong>India has implemented a 20% tax on exports of parboiled rice as well as a USD 1.2k per ton minimum export price (MEP) on basmati rice shipments in a bid to contain domestic prices, Reuters<\/a> reports, citing the Indian governement. India banned<\/a> the export of white rice in July, which pushed rice prices in Asia to a 15-year high<\/a>. Following the ban, traders have been falsely labeling white rice as basmati to bypass export restrictions, a practice that the MEP aims to combat. <\/p>\n

<\/a> World's largest aircraft carrier <\/strong> docks in Turkey: <\/strong>The USS Gerald R. Ford \u2014 the largest aircraft carrier in the world \u2014 docked at QTerminals<\/a> in Antalya Port, Turkey, with 5k staff on board, according to a statement<\/a>. This comes as Turkey and the US aim to enhance partner interoperability and demonstrate commitment to securing the Mediterranean Sea, according to a statement<\/a> by the US Embassy in Turkey.<\/p>\n

This comes shortly after the US <\/strong>deployed 3k sailors and marines<\/a><\/strong> to the US fifth fleet area of operations<\/strong>, encompassing the Arabian Gulf, the Gulf of Oman, the Red Sea, parts of the Indian Ocean, and three critical points in the Strait of Hormuz, Suez Canal, and the Strait of Bab El Mandeb, in what is reportedly a move to prevent Iran from interfering with commercial shipping.<\/p>\n

Morocco\u2019s transport sector t <\/strong> o receive support amid fuel cost increase: <\/strong> The Moroccan government is set to provide financial support for its road transport sector starting September, Morocco World News<\/a> reports. The support, which will be directed to freight and passenger transport professionals, aims to mitigate the repercussions of fuel increases on the cost of goods and passenger transport fees.<\/p>\n

This isn't the first time: <\/strong> Morocco allocated MAD 5 bn (USD 490 mn) in fuel subsidies for the sector in 2022 over 10 installments until June 2023, the outlet reports. However, workers complained that the subsidies were not enough to offset the increase in fuel prices, and some 40% of workers say they did not receive the subsidies, the outlet quotes transport union activists as saying<\/a>.<\/p>\n

<\/a> Israeli strike puts Aleppo International Airport out of service: <\/strong> An Israeli air strike has caused Syria\u2019s Aleppo International Airport to shut down after causing damage to the airport\u2019s runway, Syria\u2019s official SANA<\/a> news agency reported. No casualties were reported. Israel routinely conducts strikes within government-controlled parts of Syria, including at Damascus and Aleppo airports, usually targeting the Syrian military or Iranian-backed militias, ABC News<\/a> reported. <\/p>\n

A fire that started in five large warehouses in Baghdad's Tunis district has been <\/strong> brought under control<\/strong>, Annabaa News<\/a> reports. The fire, which engulfed warehouses filled with flammable wood and carpentry materials, was contained without any injuries. The authorities are launching an investigation to determine the cause of the fire.<\/p>\n

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<\/a> DATA POINT #1- Oman\u2019s Salalah Freezone has inked five new usufruct <\/strong> agreements worth OMR 727 mn during 1H 2023<\/strong>, Oman News Agency<\/a> reports. The number of usufruct agreements reached 127 with a total investment volume of OMR 4.5 bn. The new agreements include the Exahertz project, which involves data hosting and processing. <\/p>\n

DATA POINT #2- Bahrain\u2019s Khalifa Bin Salman port recorded 33.9k TEUs handled in <\/strong> July 2023<\/strong>, according to a Transportation and Telecommunications Ministry statement<\/a>. The port also handled 36k tons of general cargo and received 67 vessels and 2.6k road vehicles throughout the month. <\/p>\n

DATA POINT #3- Passenger traffic at Kuwait Airport is expected to rise 13% y-o-y to reach 5.75 mn <\/strong> this summer season<\/strong>, said Abdullah Al Rajhi, director of air transport at DGCA, Zawya<\/a> reports. The airport is expected to operate 45k flights this season, an increase of 15% y-o-y, he added. Airport passenger traffic in 2023 is expected to reach 15.5 mn, up from 14.46 mn last year, he noted. <\/p>\n

DATA POINT #4- <\/strong> Credit Oman saw a 5% y-o-y growth in total volume of ins. sales <\/strong> for domestic sales and Omani exports to OMR 161.2 mn in 1H 2023<\/strong>, Oman News Agency<\/a> reports. Domestic sales during the same period rose by 8% y-o-y to reach OMR 64.5 mn, indicating a 3% y-o-y increase in insured sales of Omani exports at a value of OMR 96.6 mn. The country\u2019s value of foreign trade for non-oil products, however, fell 11.7% y-o-y to OMR 2.7 bn by the end of May 2023. <\/p>\n

<\/a> DATA POINT #5- The Suez Canal has raked in USD 1 mn in hourly revenues for the first <\/strong> time in its history<\/strong>, reported Cairo 24<\/a>. <\/p>\n

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WATCH THIS SPACE #1- Jordan mulls Amman-Aqaba railway link: <\/strong>The Jordanian government will receive feasibility studies for a proposed railway connection between Amman and the Red Sea port of Aqaba, Jordan News<\/a> reported, citing televised statements by the Minister of Public Works, Housing, and Transport Ahmad Maher Abul Samen. The study will lay the groundwork for a government debate on the proposed infrastructure project. <\/p>\n

WATCH THIS SPACE #2- Iran and China have agreed on a EUR 2.5 bn oil-for-development <\/strong> agreement to develop the Imam Khomeini International Airport (IKIA)<\/strong>, Iran\u2019s semi-official Tasnim news agency<\/a> reports, citing the CEO of the Imam Khomeini Airport City. The feasibility studies for the development of the second phase of the project are currently underway, IKIA CEO Saeed Chalandari said. <\/p>\n

MARKET WATCH- <\/strong><\/p>\n

The EU was the largest importer of seaborne crude oil in 1H 2023<\/strong>, buoying the tanker market, according to a report by shipbroker Banchero Costa<\/a> picked up by Hellenic Shipping News<\/a>.The first half of 2023 saw global crude loadings increase 8.2% y-o-y, reaching 1.26 bn tonnes, according to Refinitiv tracking data cited by the report. The surge in volumes came despite high oil prices and sluggish economic growth. The period also saw the EU overtake China as the largest importer of seaborne crude, with the region importing 275.7 mn tonnes in the first seven months of 2023, up 5.3% y-o-y. The EU now accounts for 21.8% of global imports, the report showed.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

The <\/strong>Global Trade and Supply Chain Summit<\/a><\/strong> is taking place on 19-20 September at <\/strong> the Address Dubai Marina Hotel, UAE. <\/strong> The event, hosted by Economist Impact, will bring together some 500+ business and supply chain leaders, high level government representatives, and policymakers to discuss the implications of trade policy, business logistics, supply chain diversification from China, sustainability, product traceability, digital trade, customs compliance and evolution, supply chain resilience, and trade in emerging regions, among other topics.<\/p>\n

The <\/strong>Saudi Maritime Congress<\/a><\/strong> will take place at Dhahran Expo in Dammam, Saudi <\/strong> Arabia on 20-21 September. <\/strong> The event will bring together regional and international professionals from the maritime, shipping, and logistics sectors to meet, network, and do business with some 120 leading maritime exhibitors.<\/p>\n

The <\/strong>Duqm Economic Forum<\/a><\/strong> , hosted by Oman\u2019s Public Authority for Special <\/strong> Economic Zones & <\/strong> Freezones <\/strong> (OPAZ), will take place on 16-17 October <\/strong> at the Crowne Plaza Hotel in Duqm, Oman. The two-day event will showcase green investment avenues offered by the Special Economic Zone at Duqm<\/a>(Sezad). The event will bring together business leaders, policymakers, industrialists, trade specialists, logistics professionals, and experts to discuss and present case studies, assess future trends, and exchange knowledge, insights, expertise, and discuss upcoming investments, according to the event brochure (pdf)<\/a>.<\/p>\n

The <\/strong>Construction Week Leaders in Construction UAE Summit<\/a><\/strong> is tak <\/strong> ing place on 20 <\/strong> September at the Grosvenor House in Dubai, UAE. <\/strong> The one-day event aims to bring together industry experts to contribute their insights on the latest technologies and trends in the construction sector. The conference will explore how to adapt to technology, localizing the industry, and how to finance projects to spur economic growth.<\/p>\n

The <\/strong>Construction Week Leaders in Construction KSA Summit<\/a><\/strong> will be held on 2 September at the Crowne Plaza in Riyadh, KSA. <\/strong>The one-day event will see industry leaders discussing the current trajectory of the kingdom\u2019s gigaprojects where construction leaders will provide future growth. <\/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":"

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