{"id":74628,"date":"2023-11-02T00:00:00","date_gmt":"2023-11-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/02\/saudi-post-launches-delivery-service-bahri-ups-stake-in-petredec-plus-more-from-latt-logistics-hapag-lloyd-and-other-airlines\/"},"modified":"2023-11-02T00:00:00","modified_gmt":"2023-11-02T00:00:00","slug":"saudi-post-launches-delivery-service-bahri-ups-stake-in-petredec-plus-more-from-latt-logistics-hapag-lloyd-and-other-airlines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/02\/saudi-post-launches-delivery-service-bahri-ups-stake-in-petredec-plus-more-from-latt-logistics-hapag-lloyd-and-other-airlines\/","title":{"rendered":"Saudi Post launches delivery service + Bahri ups stake in Petredec. PLUS: More from LATT Logistics, Hapag-Lloyd, and other airlines"},"content":{"rendered":"

LAST MILE-<\/strong><\/p>\n

Saudi Post launches new delivery service <\/strong>in KSA:<\/strong> The Saudi Post<\/a> (SPL) inked a partnership with Al Dawaa Medical Services Company subsidiary Abana Group Company and Proceed Logistics<\/a>, to launch the National Parcel Stations Network Company (Parcelat), according to a statement<\/a>. The agreement was inked on the sidelines of the Global Health Exhibition in Riyadh, according to Saudi Press Agency<\/a> (SPA). The partnership aims to contribute to development of the quality of delivery operations in the kingdom, and to expand delivery options to increase last-mile services.<\/p>\n

M&A WATCH-<\/strong><\/p>\n

Bahri now owns 40% of Petredec<\/strong>:<\/strong> The National Shipping Company of Saudi Arabia<\/a> (Bahri) has increased its stake in LPG transporter and distributor Petredec Group<\/a> to 40.08%, up from 30.03%, after it acquired the shares of an exiting partner, according to a Saudi Exchange (Tadawul) disclosure<\/a>. The transaction will be financed through Petrodec Group\u2019s available money, the disclosure states. Bahri\u2019s first investment in Petredec was in 2005 with a 24.39% ownership. <\/p>\n

STORAGE & WAREHOUSING-<\/strong><\/p>\n

Egypt-based<\/strong>LATT Logistics was awarded an EGP 70 mn contract for a warehouse for<\/strong> dangerous goods<\/strong> in Alexandria Port, making it the first private firm to receive a license to build and operate a warehouse of the kind, the company\u2019s managing director, Mohamed Hassan Abdelkader, told Enterprise Logistics. The 1.5k sqm warehouse in the port comes alongside another 3.5k warehouse for general cargo at the port, as well as 4k sqm of open yard storage space, Hassan said, adding that the company plans to begin setting up the warehouses within days. <\/p>\n

The details:<\/strong> The two warehouses will have the capacity to store 80k tons of dangerous and general goods a year, Hassan said. <\/p>\n

SHIPPING + MARITIME<\/strong><\/p>\n

Germany-based shipping company <\/strong>Hapag-Lloyd<\/a><\/strong>is adding <\/strong>Egypt\u2019s <\/strong>Alexandria Port to its Adriatic Sea Express route starting December 2023<\/strong>, according to a press release<\/a>. The shipping line will link Alexandria to ports in Venice, Croatia, Greece, and Slovenia. <\/p>\n

ALSO WORTH KNOWING-<\/strong><\/p>\n