{"id":74938,"date":"2023-11-16T00:00:00","date_gmt":"2023-11-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/16\/today-charter-conflict-erupts-amid-israels-war-on-gaza-saudias-aircraft-maintenance-arm-is-eyeing-an-ipo-before-2030\/"},"modified":"2023-11-16T00:00:00","modified_gmt":"2023-11-16T00:00:00","slug":"today-charter-conflict-erupts-amid-israels-war-on-gaza-saudias-aircraft-maintenance-arm-is-eyeing-an-ipo-before-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/16\/today-charter-conflict-erupts-amid-israels-war-on-gaza-saudias-aircraft-maintenance-arm-is-eyeing-an-ipo-before-2030\/","title":{"rendered":"TODAY: Charter conflict erupts amid Israel\u2019s war on Gaza + Saudia\u2019s aircraft maintenance arm is eyeing an IPO before 2030"},"content":{"rendered":"

THE BIG LOGISTICS STORY- <\/strong>The UAE\u2019s Strategic<\/a>Development Fund<\/a> (SDF) has inked a terms sheet with Bulgarian drone company Dronamics<\/a> to form a joint venture to manufacture its Black Swan cargo drones in the UAE by 2025. Dronamics also inked an agreement to deploy its drones through Aramex in the UAE starting next year.<\/p>\n

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

THE BIG LOGISTICS STORIES OUTSIDE OF THE REGION-<\/strong><\/p>\n

Italian shipping <\/strong>com<\/strong>pany Kalypso di Navigazione is in a charter conflict with <\/strong>Chinese tonnage <\/strong>provider Zhonggu Shipping<\/strong>, which is barring its ships fromentering Israel amid the war on Gaza, Splash<\/a> reports. The Chinese company has been holding Kalypso\u2019s four 2.5k TEU ships for a month now in the Red Sea and the Pearl River Delta, preventing from calling in Israel, which is its first import call on the loop, which is Kalypso\u2019s last remaining service. The dispute between the two companies could lead to an arbitration case, Alphaliner said in its weekly report. <\/p>\n

<\/a> ALSO- <\/strong>Ukraine has reached a USD 50 mn agreement with Lloyds of London and Marsh McLennan to <\/strong>provide ins. cover for ships hauling grain exports<\/strong>, according to a statement<\/a>. The scheme will provide ins. against military risks, aiming to make it easier for cargo owners to get cover for transporting goods by sea from Ukraine, Bloomberg<\/a> explains. This comes following a Russian missile attack<\/a> on a bulk carrier last week that killed three Filipino crew members and a dock worker.<\/p>\n

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Twenty-eight international airlines are now fully operational from Abu Dhabi <\/strong>International Airport\u2019s Terminal A<\/strong>, making it the primary terminal serving the airport, Gulf News<\/a> reports. The transition to Terminal A aims to boost the airport\u2019s capacity, with the ability to process up to 45 mn travelers annually and handle 79 planes at once. Some 7.6k flights are expected to operate from Terminal A in November and 12k flights in December. The terminal launched operations<\/a> at the start of November.<\/p>\n

<\/a> T<\/strong>rial operating license issued for Saudi\u2019s first hydrogen train: <\/strong>Saudi Transport and Logistics Minister Saleh bin Nasser Al Jasser and Transport General Authority President Rumaih bin Mohammed Al Rumaih have issued a trial operating license for the kingdom\u2019s new zero-emission hydrogen train, according to a statement<\/a>. <\/p>\n

REMEMBER- <\/strong>French rail giant Alstom had been planning<\/a> to introduce its hydrogen-powered train to Saudi Arabia before the end of the year, and has been seeking out partners to provide hydrogen for the project.<\/p>\n

<\/a> WATCH THIS SPACE-<\/strong>Saudi Technic is planning to IPO before 2030:<\/strong>State-owned Saudia Group\u2019s aircraft maintenance subsidiary Saudia<\/a>Technic<\/a> aims to conduct a public share sale before the end of the decade, CEO Fahd Cynndy told Reuters<\/a> at the Dubai Airshow 2023. The company, which is planning a substantial expansion of its capabilities so aircrafts can be fully serviced within KSA, is shooting for an IPO in either 2028 or 2029, Cyndy said, without disclosing which exchange it plans to list its shares on. <\/p>\n

What's in the immediate future?<\/strong> \u201cWe have institutional investors that have committed a significant amount for the capability building .... It covers our business plan up until the IPO target,\u201d Cynndy said. Saudi Technic has secured around USD 1.33 bn to complete its maintenance, repair, and overhaul village, which is expected to open in August 2024.<\/p>\n

DATA POINT-<\/strong>Dubai Airpo<\/strong>rts handled some 444.6k tonnes of cargo in 3Q 2024, marking an increase of 12.3% y-o-y<\/strong>, according to a statement<\/a>. This performance leveled out the contraction that the airports recorded at the end of last year, the statement said. Dubai Airports is forecasting annual passenger traffic at Dubai International (DXB) to reach 86.8 mn this year, surpassing 2019 traffic.<\/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

HELP SUPPORT GAZANS-<\/strong><\/p>\n

Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than a mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century. The charities we\u2019re listing below are organizations working on Gaza relief that we think you can trust if you want to make a donation.<\/p>\n

#1- Egyptian Red Crescent Society<\/strong> is one of the Egypt\u2019s leading providers of humanitarian and emergency medical services. The Egypt Red Crescent accepts donations in EGP online<\/a> and is on Fawry with the service code 99981. You can also donate to the organization through this Banque du Caire account: 49\/403\/30 (EGP) or 1065\/601\/30 (USD \u2014 code: BCAIEGCX030).<\/p>\n

#2- The Emirates Red Crescent Authority<\/strong> has launched the Tarahum \u2014 For Gaza campaign and is <\/a>accepting donations online<\/a> via What\u2019s App, SMS, Apple Pay, credit card, or bank transfer to ADIB (AE370500000000020000417).<\/p>\n

#3-<\/strong>The King Salman Humanitarian Aid and Relief Center<\/strong> has launched the <\/a>Sahem campaign<\/a> accepting donations via their website, mobile apps on Apple Store and Google Play, or bank transfer to Al Rajhi Bank (SA5580000504608018899998).<\/p>\n

#4- UNICEF has been on the ground in Gaza since the start of the crisis<\/strong>, providing urgent supplies and aid. You can donate to the agency directly using your card in your local currency here<\/a>.<\/p>\n

ALSO- The folks at Talabat are processing donations for a range of Gaza relief appeals by charities<\/strong> including the Egyptian Food Bank, Misr El Kheir and the Emirates Red Crescent Authority\u2019s Tarahum campaign. You can make the donation via the Talabat app using your credit card.<\/p>\n

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

The <\/strong>IATA Slot Conference<\/a><\/strong> kicked off earlier this week and will run until tomorrow at the Dubai World <\/strong>Trade Centre.<\/strong> The business meeting will host over 1k delegates, with representatives of more than 200 slot coordinated airports and over 225 airlines from across the world. The event allows the global airline community to meet for quick optimisation of planned schedules and to explore chances for growing routes and networks.<\/p>\n

The <\/strong>Global Freight Summit 2023<\/a><\/strong> kicked off yesterday and will run until tomorrow <\/strong>at the Coca Cola Arena, Dubai, UAE. Hosted by DP World, the event aims to create a platform for the international freight forwarding and supply chain communities, bringing together industry leaders and the global freight community to discuss challenges that are prevalent across the sector. <\/p>\n

The first GCC-Egyptian Business Forum will be held on 22-23 November in Cairo, Egypt<\/strong>, Bahrain News Agency<\/a> reports. The event is being held under the theme Business, Investment, Partnership, with a focus on investments in real estate, agriculture, the food industry, and tourism in the region. The event is hosted by the Federation of Egyptian Chambers of Commerce and organized in cooperation with the Federation of Gulf Cooperation Council.<\/p>\n

The third Caspian Economic Forum will be held in mid-November in Iran<\/strong>, state-owned Islamic Republic News Agency<\/a> reports. The event is set to focus on transportation, joint ventures, oil and gas, finance, banking and technical cooperation in Iran, with Alireza Jahangiri, Iran\u2019s deputy foreign caspian sea affairs minister, calling on economic institutions to attend, IRNA adds. The exact location and dates of the forum have yet to be confirmed.<\/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":"

THE BIG LOGISTICS STORY- The UAE\u2019s StrategicDevelopment Fund (SDF) has inked a terms sheet with Bulgarian drone company Dronamics to form a joint venture to manufacture its Black Swan cargo drones in the UAE by 2025. 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