{"id":83694,"date":"2025-01-14T00:00:00","date_gmt":"2025-01-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/14\/today-adq-launches-aramex-takeover\/"},"modified":"2025-01-14T00:00:00","modified_gmt":"2025-01-14T00:00:00","slug":"today-adq-launches-aramex-takeover","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/14\/today-adq-launches-aramex-takeover\/","title":{"rendered":"TODAY: ADQ launches Aramex takeover"},"content":{"rendered":"

Good morning, <\/strong>friends<\/strong>. <\/strong>It\u2019s a brisk read this morning, with news emerging on ADQ\u2019s intention to takeover Aramex and all the details on an upcoming EU probe into Chinese glass makers based in Egypt. <\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- <\/strong>Iraq launching tender for <\/strong>Development Road rail project in 2025:<\/strong> Iraq plans to receive bids in 2025 for its Development Road project<\/a> which will include the construction of a 1.2 km rail line and a parallel road, Zaywa<\/a> writes, citing comments made by Iraqi Transport Ministry official Maytham Safi to Iraqi News Agency last weekend. The logistics network will stretch from Iraq\u2019s Grand Faw Port in the country\u2019s south to the Turkish border. <\/p>\n

ICYMI- <\/strong>Turkey announced in November 2024<\/a> that it is investing USD 17.9 bn into developing railway links for the Development Road Project and USD 2 bn into highway infrastructure upgrades. The project is forecasted to handle an estimated 7.5 mn TEUs of cargo moving annually across the region.<\/p>\n

<\/a>#2- <\/strong>Saudi Arabia and UAE are among 120 countries set to be affected by new rules limiting US<\/strong> exports of AI chips<\/strong>, Reuters<\/a> reports. The limits will also apply to Israel, Singapore, and several others, while arms-embargoed countries \u2014 such as Russia and China \u2014 are now banned from receiving any chips at all. Some 18 countries \u2014 including the UK, the Netherlands, Japan, and South Korea \u2014 are exempt from these restrictions<\/p>\n

<\/a> IN OTHER SAUDI NEWS- KSA is getting ready to enrich, sell uranium:<\/strong> Saudi Arabia is looking to monetize all of its mineral resources, including uranium, and eventually expand its nuclear program to include the radioactive heavy metal, Reuters<\/a> reports, citing comments made by Saudi Energy Minister Prince Abdulaziz bin Salman said at a conference in Dharan. \u201cWe will enrich it, we will sell it and we will do a \u2018yellowcake,\u2019\u201d he said. Enriching uranium for nuclear power comes as the government looks to diversify its energy mix. The kingdom reportedly<\/a> built a yellowcake production plant with the help of China in 2020.<\/p>\n

Not a dessert: <\/strong>Yellow cake is concentrated powdered uranium with dual-use \u2014 nuclear energy and weapons \u2014 obtained through a purifying chemical precipitation. Most shipped uranium is moved in the yellow cake format because it is more cost effective and safer than moving unrefined uranium, according to the International Atomic Energy Agency<\/a>.<\/p>\n

REMEMBER- <\/strong> The Kingdom submitted a request to the International Atomic Energy Agency (IAEA) back in September 2024<\/a> to implement a stricter nuclear oversight program \u2014 the Comprehensive Safeguards Agreement (CSA) \u2014 allowing for more thorough inspections into domestic nuclear facilities to ensure they are used only for peaceful purposes.<\/p>\n

#3- <\/strong>Egypt says it plans to cut customs clearance time to two days in 2025 instead of the <\/strong>current eigh<\/strong>t<\/strong> saving the country some USD 850 mn annually<\/strong>, Asharq Business<\/a> reports, citing comments by Egypt\u2019s Trade Minister Hassan Al Khatib at the Future of Egypt's Engineering Exports conference. <\/p>\n

Customs clearance has been on Egypt\u2019s radar: <\/strong>Egypt said in December<\/a> that it is set on finalizing two agreements with Bahrain and UAE to cut customs clearance times for imports and exports to a few hours. The agreements will be finalized in 1Q 2025. Customs between Saudi and Egypt also got a major speed boost after both sides agreed in December<\/a> to reduce clearance time from three days to 3 to 4 hours.<\/p>\n

IN OTHER RELATED NEWS- <\/strong>Alexandria Chamber of Commerce calls for exemption on x-ray port inspections: <\/strong>The Maritime Supplies Division of Egypt\u2019s Alexandria Chamber of Commerce has submitted an appeal voicing opposition to a new requirement for goods to undergo x-ray inspections before export from the Port of Alexandria, Al Mal<\/a> reports, citing a document submitted to Ahmed El Wakil, chairman of the General Federation of Chambers of Commerce. <\/p>\n

What we know:<\/strong> The chamber is arguing that the inspection procedures will result in long waiting times that could cause perishable goods to spoil. Frozen goods would be at particular risk, the document said, adding that the x-ray machines at the port are designed for inspecting cars and trucks that carry containers, rather than vehicles with open transport. The chamber is calling for item-by-item inspection carried out by customs officers instead.<\/p>\n

#4- <\/strong>Potential largest oil spill in history averted in Red Sea: <\/strong>An operation led by British maritime risk management firm Ambrey has successfully salvaged a Greek-owned oil tanker, preventing what reportedly could have been history\u2019s worst oil spill, Reuters<\/a> reports. The vessel, carrying 150k tons of crude oil, was struck by Houthi militants last August<\/a>. It has been safely towed to Saudi Arabia, thanks to the combined efforts of Megatugs Salvage & Towage, Diaplous, Offmain, Fire Aid, Pro Liquid, and Ambipar Response.<\/p>\n

#5-<\/strong> The LNG shipping <\/strong>market will suffer strained capacity by the end of 2027 as fuel <\/strong>supplies grow and aging vessels get decommissioned<\/strong>, Adnoc L&S CFO Nicholas Gleeson told The National<\/a>. When older tankers are retired, fewer vessels will handle the output of new oil projects in the US and Qatar, driving up freight rates.<\/p>\n

The sector is suffering from \u201can oversupply of vessels,\u201d <\/strong>which has driven down freight rates since the end of 2024, Nicholas Gleeson, chief financial officer of Adnoc L&S, told The National. Daily freight rates for the Atlantic and Pacific oceans reached USD 19.5k per day and USD 23k respectively in November, down from USD 190k and USD 200k the year prior, the National reports, citing data from S&P Global Commodity Insights.<\/p>\n

\n

MARKET WATCH- <\/p>\n

#1-<\/strong> Oil prices eased but remained at a four-month high in early morning trading as a <\/strong>result of <\/strong>fresh US sanctions on Russian oil<\/a><\/strong>, <\/strong>Reuters<\/a> reports. Brent crude futures dipped USD 0.28 to trade at USD 80.73 a barrel by GMT 04.00, while US West Texas Intermediate (WTI) lost USD 0.18 to USD 78.64 a barrel. Oil jumped 2% yesterday on the back of imposed sanctions against Gazprom Neft and Surgutneftegas on Friday, as well as 183 vessels in Russia's so-called \"shadow fleet\" of tankers.<\/p>\n

#2-<\/strong> Baltic index maintains upward trajectory:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 surged 4.3%<\/a> to 1,093 points on Monday, driven by high rates in the big segment. The capesize index increased 167 points to 1,615, while the panamax index dipped 27 points to 296. The smaller supramax index shed 10 points to 809.<\/p>\n

DATA POINTS- <\/p>\n

#1- <\/strong>Oman made strides in transport and logistics in 2021-2024:<\/strong> Oman saw a 6.1% increase in investments in the logistics sector during 2021 to 2021, reaching OMAR 3.9 bn (c. USD 10 bn), according to a statement<\/a>. The country saw OMR 1.5 bn invested in projects for the development and enhancement of roads in Oman. <\/p>\n

More details:<\/strong> In the general ports sector, Oman handled more than 19 mn TEUs and over 390 mn tons of miscellaneous goods. As for the maritime sector, Oman saw OMR 4 mn in revenues and registered over 2k vessels under the Omani flag. The country upgraded more than 6.6k maritime vessels and issued 2.7k licenses for maritime projects. The land transport sector saw OMR 18 mn in revenues, issued 400k working licenses, and recorded 800k digital transactions. <\/p>\n

#2-<\/strong>The total value of goods cleared through Egyptian <\/strong>port customs exceeded USD 79 <\/strong>bn<\/strong> between 1 January 2024 and 8 January 2025<\/strong>, Sky News Arabia<\/a> reports, citing a Cabinet statement. These goods included production supplies and raw materials worth c.USD 33 bn and strategic goods worth c.USD 20 bn.<\/p>\n

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

Belgium will host the <\/strong>World Cargo Summit<\/a><\/strong> from Monday, 27 January to Wednesday, <\/strong>29 January <\/strong>in Ostend. The event will focus on air cargo economics, strategy, and market trends with a specific focus on how the industry will tackle disruptions and how firms can adapt their business models. <\/p>\n

The UAE will host the <\/strong>ShipTek International Conference<\/a><\/strong> from Wednesday, 29 <\/strong>January to Thursday 30 January<\/strong> in Dubai. The two-day conference will gather industry experts, including managing director at Hapag-Lloyd Carolin Stumm, CEO Adani Ports Nicolai Friis, VP International Maritime Industries Justin Taylor, CEO Tristra Tim Coffin, and others to discuss new tech and developments in the maritime industry.<\/p>\n

The UAE will host the <\/strong>Middle East Bunkering Convention<\/a><\/strong> from Monday, 3 February <\/strong>to Wednesday, 5 February<\/strong> in Dubai. The event will focus on the marine fuels sector to address the future of the industry in light of geopolitical issues, environmental regulation, and the future of artificial intelligence and digitalization.<\/p>\n

Saudi Arabia will host the <\/strong>Airport Expansion Conference<\/a><\/strong> from Tuesday, 4 February <\/strong>to Wednesday, 5 February<\/strong> in Riyadh. The two-day conference will feature over 30 speakers to discuss challenges faced by Saudi Airports and highlight Saudi Arabia\u2019s Vision 2030 with a clear focus on expansion, tech, and strategic partnerships. <\/p>\n

The UAE will host the <\/strong>Middle East Breakbulk Conference<\/a><\/strong> from Monday, 10 February <\/strong>to Tuesday, 11 February <\/strong>in Dubai. The event gathers giant manufacturers, EPCs, and service providers to discuss the latest solutions in breakbulk and heavy-lift logistics across the Middle East and Africa. The two-day event features an artificial intelligence (AI) seminar, heavy lift workshop, chartering workshop, and a women in breakbulk panel.<\/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":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":83695,"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":[49,121,31,123,32,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egypt","tag-rail","tag-saudi-arabia","tag-shipping-maritime","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"c0afe1c4-b726-4c58-8f1f-a4cdce74f3d1","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/1\/781.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: ADQ launches Aramex takeover","related_issue":[83692],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.6366a86f-ca8a-4639-8b13-a582645cdced.mp3"},"yoast_head":"\nTODAY: ADQ launches Aramex takeover - 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