{"id":79948,"date":"2024-07-25T00:00:00","date_gmt":"2024-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/25\/today-qatar-airways-%f0%9f%92%99-boeing-odys-aviation-heads-to-oman\/"},"modified":"2024-07-25T00:00:00","modified_gmt":"2024-07-25T00:00:00","slug":"today-qatar-airways-%f0%9f%92%99-boeing-odys-aviation-heads-to-oman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/25\/today-qatar-airways-%f0%9f%92%99-boeing-odys-aviation-heads-to-oman\/","title":{"rendered":"TODAY: Qatar Airways ? Boeing + Odys Aviation heads to Oman"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>It\u2019s a busy morning for aviation as Qatar Airways throws a bit of confidence in Boeing\u2019s direction with a sizable order, along with some updates in the VTOL sector and earnings releases begin to trickle in. First, a look at some congestion shaping up at the Syrian border\u2026<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong><a id=\"wwtt1\"><\/a>#1- Pileup at the Syrian border: <\/strong>Around 600 Lebanon-bound Jordanian trucks loaded with foodstuffs, vehicles, and electronics are idling in yards in the Jordanian-Syrian Freezone as they await approval to transit, Jordan\u2019s Clearance and Goods Transport Company syndicate head Dhaif Abu Aqoula told <a target=\"_blank\" href=\"https:\/\/royanews.tv\/news\/330587\" style=\"\" rel=\"noopener\">Roya<\/a>. Newly imposed regulations from Syria\u2019s customs department have stalled procedures, requiring all goods to receive prior approval from Syrian customs before passing through the zone. The delay has increased costs and threatens the quality of perishable goods, Aqoula said, adding that Jordan and Syria are in talks to resolve the issue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <a id=\"wwtt2\"><\/a>#2- Will Embraer manufacture in KSA? <\/strong>Saudi Industry and Mineral Resources Minister Bandar Al Khorayef discussed with senior executives at Brazilian airplane maker Embraer the localization of aircraft manufacturing and assembly in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2143711\" style=\"\" rel=\"noopener\">SPA<\/a> reports. Al Khorayef is leading a Saudi delegation in Brazil and then Chile to drum up investments in priority areas in the industrial sector, including mining, food production and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE-<\/strong> <strong>Embraer bumped up its estimate for passenger air traffic to <\/strong><strong>a 4% annual increase over the next two decades<\/strong>, a jump from the previous forecast of 3.2%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/embraer-bumps-up-estimate-global-traffic-growth-next-two-decades-2024-07-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. China and Asia are expected to contribute growth with a 5% annual increase in the next two decades, while Latin America, North America, and Europe will grow 4.9%, 2.4%, and 3.3% respectively. \u201cThe market sizes and demand patterns are simply too varied to support a fleet strategy focused solely on larger aircraft. We believe an optimal mix of sub-150-seat jets and larger narrowbodies is more conducive to the new environment,\u201d Embraer Commercial Aviation CEO Arjan Meijer told the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> Hodeida Port has resumed regular <\/strong><strong>ship traffic after <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ebb2e95f-cc24-4e08-a0cd-0c849e6601b5\/today:-lots-of-port-business-%2B-a-blockbuster-gas-supply-agreement-for-iran\" style=\"\" rel=\"noopener\">Israel\u2019s attack<\/a><\/strong><strong> earlier <\/strong><strong>this week<\/strong>, Yemeni port authorities said in a <a target=\"_blank\" href=\"https:\/\/www.mot.gov.ye\/minister-of-transport-confirms-ships-regular-entry-to-hodeida-port-docks\/?lang=en\" style=\"\" rel=\"noopener\">statement<\/a>, adding that conditions at the port are \u201cstable.\u201d A fire that broke out following the attack has been contained with damage sustained mainly to bridge cranes, according to a separate <a target=\"_blank\" href=\"https:\/\/www.mot.gov.ye\/aldurrah-and-qahim-inspect-the-port-of-hodeidah-and-the-damage-resulting-from-the-israeli-bombardment\/?lang=en&feed_id=7519&_unique_id=669ff7a8d5e33\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> A blaze erupted in Yemen\u2019s Hodeida Port on Sunday following an Israeli strike on the harbor that killed at least three people. Israel said the attack was in response to a Houthi drone strike on Tel Aviv last Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong><a id=\"wwtt3\"><\/a>#4- Construction on a <\/strong><strong>Kuwait-Saudi <\/strong><strong>rail link will commence in 2026 with the design <\/strong><strong>phase set to launch soon<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.alqabas.com\/article\/5932427-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D9%84%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D8%B3%D9%83%D9%83%D9%8A-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%8A%D9%86%D8%B7%D9%84%D9%82-2026\" style=\"\" rel=\"noopener\">Al Qabas<\/a> reported, quoting an identified government source. The 650 km railway will stretch from Kuwait\u2019s Al Shaddadiya to Riyadh, and is expected to be completed in four years. The Kuwait-Saudi High Steering Committee gave the green light for a feasibility study <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c71757f0-4b42-4dec-8de4-b79281b5decd\/today:-eagl-snaps-up-95%2525-of-ticts-%2B-ksa-launches-new-ring-road\" style=\"\" rel=\"noopener\">back in June<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Red Sea disruptions spell earnings for DSV: <\/strong>Denmark-based freight-forwarder DSV forecasts a boost in its earnings in the next few months due to a spike in volumes on the back of Red Sea shipping disruptions, CEO Jens Lund told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/dsv-posts-q4-slightly-above-forecast-positive-volume-growth-2024-07-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cIt looks like the destocking, where customers brought down their inventory, has come to an end. Now I think there is a greater connection between what is consumed and what is produced,\u201d Lund said. The increase in freight rates caused by the disruptions in the Red Sea is also expected to have a slightly positive impact on DSV\u2019s financials in the rest of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Oil prices eased in early morning trading in response to concerns regarding <\/strong><strong>weakened Chinese demand and a prospective ceasefire agreement to end Israel\u2019s war on Gaza<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-ease-concerns-over-weak-china-demand-mideast-ceasefire-talks-2024-07-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures for September fell USD 0.63 to USD 81.08 a barrel by 03.55 GMT, while US West Texas Intermediate (WTI) futures dipped USD 0.63 to USD 76.96 a barrel. \"If Middle East ceasefire talks progress, US equities continue to slide, and China's economy remains sluggish, oil prices could fall to early June levels,\" Rakuten Securities commodity analyst Satoru Yoshida told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index hits another one-month low:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was down 1.4% to 1,896 points on Wednesday, weighed down by low capesize vessel rates, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-drops-to-over-one-month-low-on-lower-capesize-rates\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Capesize dipped 3.5% to 2,854 points, while the panamax index inched up 0.9% to 1,728 points. The smaller supramax segment increased 0.4% to 1,380 points. <\/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 target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\" rel=\"noopener\">Saudi Warehousing and Logistics Expo<\/a><\/strong><strong> on Monday, 2 <\/strong><strong>September to Wednesday, 4 September <\/strong>in Riyadh. The event will bring together leaders in the supply chain, warehousing, and logistics industry from across the Kingdom to discuss investments, trade, geopolitical risks, and localized manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\" rel=\"noopener\">Egypt International Airshow<\/a><\/strong><strong> on Tuesday, 3 September to Thursday, <\/strong><strong>5 September <\/strong>in El Alamein. The event will host a range of discussions touching on industrialization, digitalization, and globalization in the regional commercial aviation sector. During the event, aircrafts and innovative aerospace products, and services will be showcased.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skymovemena.com\/\" style=\"\" rel=\"noopener\">SkyMove MENA<\/a><\/strong><strong> on Tuesday, 10 September and Wednesday, 11 <\/strong><strong>September<\/strong> in Riyadh. The event will gather global industry stakeholders, experts, and service providers to discuss challenges in the regional aviation industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>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":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":79949,"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":[145,160,121,31,356,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-kuwait","tag-rail","tag-saudi-arabia","tag-syria","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"634d2a48-0737-4802-b39b-d93d1dc06986","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/447.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Qatar Airways ? 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