{"id":84922,"date":"2025-03-05T00:00:00","date_gmt":"2025-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/05\/today-asyad-shippings-ipo-china-tariffs-retaliation\/"},"modified":"2025-03-05T00:00:00","modified_gmt":"2025-03-05T00:00:00","slug":"today-asyad-shippings-ipo-china-tariffs-retaliation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/05\/today-asyad-shippings-ipo-china-tariffs-retaliation\/","title":{"rendered":"TODAY: Asyad Shipping\u2019s IPO + China tariffs retaliation"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>It is another quiet news day this week, but we still have important IPO updates from Oman and UAE and the latest on China\u2019s retaliation against the US\u2019 tariffs. Let\u2019s dive right in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY- China retaliates against US tariffs: <\/strong>China has slapped the US with a new set of tariffs that are set to impact nearly USD 21 bn in US exports. The countermeasures \u2014 which include a combination of export controls and tariffs on US agricultural products \u2014 came in as a swift response to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ece245da-cdc3-44e8-b7b4-4c6e4f0d6cfd\/today:-egypt%25e2%2580%2599s-wheat-storage-gets-eu-funding-%2B-pmi-season-is-here\" style=\"\" rel=\"noopener\">US\u2019 move to double its China tariffs to 20%<\/a> this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>China has retaliated with a 15% tariff on US chicken, wheat, corn, and cotton, as well as an extra 10% levy on US soybeans, sorghum, pork, beef and more starting 10 March. The Asian country has also halted imports of soybean from a list of US firms \u2014 CHS Inc, Louis Dreyfus Company Merchandising LLC, and EGT LLC \u2014 alongside a flat ban on US log products, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/china-suspends-imports-of-us-logs-and-soybeans-from-three-firms?utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter&utm_campaign=socialflow-organic\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing China\u2019s General Administration of Customs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is more<\/strong>: Beijing has also placed 15 US firms on its Export Control List on national security grounds, prohibiting Chinese firms from supplying these companies with dual-use technologies, and added 10 companies to its Unreliable Entity List for selling arms to Taiwan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Impact:<\/strong> The most affected by value will be the soybean trade, which at USD 12.76 bn is the US\u2019 largest agricultural export to China, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/which-us-agricultural-products-did-china-hit-with-tariffs-2025-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing US Census data. This is followed by beef and offal at USD 1.55 bn, cotton at USD 1.49 bn, and sorghum at USD 1.26 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>US agricultural exports to China have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ece245da-cdc3-44e8-b7b4-4c6e4f0d6cfd\/today:-egypt%25e2%2580%2599s-wheat-storage-gets-eu-funding-%2B-pmi-season-is-here\" style=\"\" rel=\"noopener\">already been on the decline<\/a>, dropping 14% y-o-y in 2024 to USD 29.95 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/china-vows-countermeasures-against-us-tariffs-linked-fentanyl-2025-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/china-us-tariffs-farm-soy-trump-7442b02ac829347f0d4fc6ad0955d368\" style=\"\" rel=\"noopener\">The Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/china-puts-tariffs-on-us-soybean-corn-agricultural-commodities?srnd=phx-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7f794cf9-ed9d-408a-8925-806896a3f58d\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/03\/03\/china-retaliates-against-trump-tariffs\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/04\/business\/retaliatory-tariffs-farmers.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/04\/economy\/trade-mexico-canada-china-tariffs-trump-hnk-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/czj31l4p7vzo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/mar\/03\/china-us-relationship-trump-tariff-deadline-agriculture-impact\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2025\/03\/04\/g-s1-51892\/china-tariffs-u-s-farm-exports\" style=\"\" rel=\"noopener\">NPR<\/a> <\/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><a id=\"wwtt1\"><\/a>#1- Abu Dhabi\u2019s flagship carrier Etihad Airways will reportedly postpone its blockbuster <\/strong><strong>USD 1 bn IPO until after the Eid El Fitr holiday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/etihad-will-push-back-1-billion-ipo-launch-least-next-month-sources-say-2025-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing two sources with knowledge of the matter. The reason for the delay was not specified, and neither Etihad nor its owner Abu Dhabi\u2019s sovereign wealth fund the ADQ gave comment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where we left things off: <\/strong>The IPO was gaining <a target=\"_blank\" href=\"http:\/\/prise.news\/logistics\/en\/news\/story\/7d044fef-4244-4e5e-8f45-b90c11af34b0\/\" style=\"\" rel=\"noopener\">momentum last week<\/a> after Etihad reportedly kicked off a roadshow earlier in February to feel out investors for the sale. When the IPO goes ahead, it should see ADQ rake in some USD 1 bn in proceeds from the sale of a 20% stake by selling new shares on the ADX. The move would give the airline an implied market cap of USD 5 bn at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- China eyes Egypt as export hub amid US trade tensions: <\/strong>Chinese companies are expected to invest USD 2-3 bn in moving production to Egypt, particularly the Suez Canal Economic Zone (SCZone), as the Asian country looks to maintain export access to global markets amid intensifying trade war with the US, deputy head of the China committee in the Egyptian Businessmen\u2019s Association Mostafa Ibrahim told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/03\/04\/%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D8%AD%D9%88%D9%91%D9%84-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D8%A7%D9%84%D9%89-%D9%85%D9%86%D8%B5%D8%A9-%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%84%D9%84%D8%B9%D8%A7%D9%84%D9%85\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some 20-30 Chinese companies are considering expansion into the local market this <\/strong><strong>year<\/strong>, Ibrahim added. Most of these companies focus on high-export industries like readymade garments, textiles, home appliances, and technology. Nearly two-thirds of the investments are expected to flow into areas near Suez, while the remaining third might go to inner industrial zones, Ibrahim added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>US President Donald Trump earlier this week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ece245da-cdc3-44e8-b7b4-4c6e4f0d6cfd\/today:-egypt%25e2%2580%2599s-wheat-storage-gets-eu-funding-%2B-pmi-season-is-here\" style=\"\" rel=\"noopener\">signed off on doubling tariffs<\/a> on Chinese imports to 20%, with the directive going into force yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Chinese companies are increasingly expanding manufacturing to Egypt to leverage its freetrade agreements with the US and Europe, which could allow them to bypass tariffs as they look to maintain exports to these markets. Egypt\u2019s low-cost labor and large consumer market are also fueling the push.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- Egypt-based manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/inde-egypt.com\/\" style=\"\" rel=\"noopener\">Engineering Industrial Group (INDE)<\/a><\/strong><strong> plans to begin producing <\/strong><strong>electric cargo tricycles this year<\/strong>, a company official told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d9%87%d9%86%d8%af%d8%b3%d9%8a%d8%a9-%d9%84%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d8%a7%d8%aa-%d8%aa%d8%b7%d9%84%d9%82-%d9%85%d8%b4%d8%b1%d9%88%d8%b9%d9%8b%d8%a7-%d9%84%d8%a5%d9%86\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The company aims to produce at least 2k tricycles \u2014 with a local component ratio of over 65% \u2014 annually for the local market and export, before doubling production at a later stage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INDE has reportedly already begun promoting the electric model in African markets,<\/strong> and is upgrading its production lines to accommodate its manufacture, expanding beyond current production of fuel-powered tricycles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>#3- <\/strong><strong>CFG Bank bumps Marsa Maroc\u2019s shares growth forecast: <\/strong>Morocco\u2019s <a target=\"_blank\" href=\"https:\/\/www.cfgbank.com\/particuliers\/\" style=\"\" rel=\"noopener\">CFG Bank<\/a> has raised its estimate of Marsa Maroc\u2019s share price \u2014 predicting a rise to MAD 731 \u2014 and recommended investors hold the stock, <a target=\"_blank\" href=\"https:\/\/boursenews.ma\/article\/marches\/marsa-maroc-commentaire-CFG\" style=\"\" rel=\"noopener\">Boursenews<\/a> reported on Monday, citing a memo by the bank. The revision was prompted by Marsa Maroc\u2019s recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f12710f0-6f0c-4c7f-a505-e9cedbaca851\/%253cmark%253emarsa%253c%2Fmark%253e%253cmark%253e-maroc%253c%2Fmark%253e-to-develop-western-terminal-at-nador-west-med\" style=\"\" rel=\"noopener\">concession agreement<\/a> to operate the Western Terminal at Nador West Med (NWM) last week, which CFG expects to raise the port operator\u2019s container handling capacity to about 7 mn TEUs by 2033 compared to an estimated 1.6 TEUs reached at the end of 2024. Another purported growth driver is Marsa Maroc\u2019s expansions throughout Africa in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/379243e6-7342-4f24-8371-47736fcb15ae\/%253cmark%253emarsa%253c%2Fmark%253e%253cmark%253e-maroc%253c%2Fmark%253e-to-expand-into-east-and-west-africa-with-new-subsidiary\" style=\"\" rel=\"noopener\">Djibouti<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f49c3e96-5745-49c4-9f0d-281853d46f77\/updates-in-maritime-shipping,-digitalization,-equipment,-and-aviation-from-the-uae-and-morocco\" style=\"\" rel=\"noopener\">Benin<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CFG\u2019s analysis for Marsa Maroc\u2019s share price <\/strong><strong><a target=\"_blank\" href=\"https:\/\/boursenews-ma.translate.goog\/article\/marches\/marsa-maroc-continue-seduire-analystes-cfg-bank?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp\" style=\"\" rel=\"noopener\">landed at MAD 618 last month<\/a><\/strong><strong>,<\/strong> driven by the port operator\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/22211e24-5373-47bd-9475-95d982d24162\/%253cmark%253emarsa%253c%2Fmark%253e%253cmark%253e-maroc%253c%2Fmark%253e-set-to-develop-nadorwest-med-eastern-container-terminal\" style=\"\" rel=\"noopener\">concession agreement<\/a> for the Eastern Terminal of NWM, as well as <a target=\"_blank\" href=\"https:\/\/boursenews.ma\/article\/marches\/marsa-maroc-renforce-participation-port-agadir\" style=\"\" rel=\"noopener\">upping its ownership<\/a> stake in Agadir port operator <a target=\"_blank\" href=\"https:\/\/www.marsamaroc.co.ma\/en\/ports-and-terminals\/sma\" style=\"\" rel=\"noopener\">SMA<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>#4- Saudi delivery app <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ananinja.com\/sa\/en\/about\" style=\"\" rel=\"noopener\">Ninja<\/a><\/strong><strong> is reportedly in talks for a potential fundraising round that would <\/strong><strong>value the company at USD 1 bn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/saudi-startup-ninja-seeks-pre-ipo-funding-at-1-billion-plus-valuation\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says have knowledge of the matter. Riyadh Capital is leading the investment round, which is expected to close this month, the business information service says. The app (<a target=\"_blank\" href=\"https:\/\/apps.apple.com\/us\/app\/ninja-%D9%86%D9%8A%D9%86%D8%AC%D8%A7\/id1620153149\" style=\"\" rel=\"noopener\">App Store<\/a> | <a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.ananinja.lava\" style=\"\" rel=\"noopener\">Google Play<\/a>) is a 24\/7 online supermarket delivering across the Kingdom and was the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b12b0c1f-a8d3-4b3c-b5cc-f60c59071fd0\/%253cmark%253e%253c%2Fmark%253e99%253cmark%253e%253c%2Fmark%253e%2525%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eeveryone%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esaudi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehas%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eaccess%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einternet%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253egov%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253et%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edata%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eshows%253cmark%253e%253c%2Fmark%253e-%25e2%2580%2594%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emore%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethan%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehalf%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eus%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eare%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eonline%253cmark%253e%253c%2Fmark%253e-%253e%253cmark%253e%253c%2Fmark%253e7%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehours%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eday%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">#1 delivery app in Saudi\u2019s Internet Report<\/a> by the Communications, Space, and Technology Commission.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fundraising comes ahead of a planned IPO for Ninja in 2027<\/strong>, with the company currently in talks to go public, although no final decisions on valuation or timeline have been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE FROM SAUDI- Riyadh Air is still set on track to launch in 2025<\/strong>, with the airline expecting to receive several Boeing aircraft starting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/32b5c3a8-6edf-4690-a935-505bcdfc6e19\/today:-kkr-to-acquire-stake,-invest-bns-in-gulf-data-hub-%2B-oman%25e2%2580%2599s-madayn%25e2%2580%2599s-infrastructure-project\" style=\"\" rel=\"noopener\">3Q of this year<\/a> despite <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8fbf1655-c4ef-496a-93e0-00b09ff13b53\/today:-saudi%25e2%2580%2599s-bahri-secures-usd-800-mn-in-financing-%2B-uae-backs-a-new-european-interconnection-project\" style=\"\" rel=\"noopener\">global supply chain challenges<\/a>, CEO Tony Douglas told <a target=\"_blank\" href=\"https:\/\/www.airwaysmag.com\/new-post\/riyadh-airs-fleet-plans-for-2025\" style=\"\" rel=\"noopener\">Airways Magazine<\/a>. The airline is still working towards securing its Air Operator Certificate (AOC) from the General Authority of Civil Aviation (GACA), with major parts of its first Boeing 787-9 ready for final assembly. Meanwhile, a separately leased 787-9 \u2014 outside its original order\u2014 will be used for training, certification, and regulatory approvals before serving as backup once operations begin.<\/p>\n<p><strong>REMEMBER-<\/strong> Riyadh Air also placed an order of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7722d662-4d78-4750-a505-ab9ae0afd555\" style=\"\" rel=\"noopener\">60 Airbus A321neos<\/a> in October which are scheduled to arrive between 2H 2026 and 2030. The startup airline is also to place a new wide-body jet order by 1H 2025 to further expand its fleet, eyeing the Boeing 777X and Airbus A350-1000.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Qatar Airways is<\/strong> <strong>working on <\/strong><strong>a Request for Proposal (RFP) for a \u201csizeable\u201d order of <\/strong><strong>widebody aircraft to buttress long-term growth goals,<\/strong> CCO Thierry Antinori told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/qatar-airways-place-large-wide-body-aircraft-order-soon-cco-says-2025-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The carrier is mulling whether to acquire the undisclosed number of aircraft from Boeing, Airbus, or under a split contract between both manufacturers. No exact timeline for finalizing an agreement was disclosed, but Antinori said a contract would be announced \u201csoon.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Like clockwork: <\/strong>The airline <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4bf504d0-0c6b-4d87-a51d-73bcc364bbc8\/qatar-airways-shops-around-for-a-new-order-of-up-to-150-widebody-jets\" style=\"\" rel=\"noopener\">issued RFPs<\/a> for widebody aircraft to Airbus and Boeing in March 2024, which was at the time reported to consist of up to 150 planes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Bumps on the road to resuming Kurdish oil exports: <\/strong>A meeting to discuss the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d044fef-4244-4e5e-8f45-b90c11af34b0\/%253cmark%253e%253c%2Fmark%253etoday%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ee%253cmark%253e%253c%2Fmark%253e&%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edivests%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edata%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecenter%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efirm%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekhazna%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253euae%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elogistics%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplayer%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvest%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eindia%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">supposedly imminent resumption of<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d044fef-4244-4e5e-8f45-b90c11af34b0\/%253cmark%253e%253c%2Fmark%253etoday%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ee%253cmark%253e%253c%2Fmark%253e&%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edivests%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efrom%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edata%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecenter%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efirm%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekhazna%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253euae%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elogistics%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplayer%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvest%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eindia%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Kurdish oil exports<\/a> \u2014 scheduled for Tuesday \u2014 has been delayed to tomorrow, Thursday, following disagreements between oil companies and the Oil Ministry<strong>,<\/strong> three sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/talks-resume-kurdish-oil-exports-postponed-thursday-after-financial-disputes-2025-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The delay came after the two sides failed to agree on key pricing and payments terms in a Sunday meeting, with the Association of the Petroleum Industry of Kurdistan \u2014 representing eight firms producing 60% of the region\u2019s oil \u2014 demanding that the government has produce written agreements that ensures payments for future exports and for accumulated debt for past exports from 2022 and 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Baghdad <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e2bd0cac-abd0-44ad-83ca-83c3818d49a7\/today:-uae-eyes-big-investments-in-italy-%2B-egypt-ramps-up-export-projects\" style=\"\" rel=\"noopener\">recently earmarked<\/a> 185k barrels per day (bpd) of crude oil for exports through the Iraq-Turkey pipeline once it becomes operational. The pipeline was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/16ac81ab-c7b4-40e0-a399-60a88ed2ef70\/iraq-halts%253cmark%253e-kurdish%253c%2Fmark%253e-oil-exports-after-court-rules-in-its-favor-in-landmark-arbitration-case-against-turkey\" style=\"\" rel=\"noopener\">shut down in 2023<\/a> for earthquake repairs and subsequent financial and technical disagreements with Turkey, which suspended its side of operations following an arbitration court order for it to pay <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1ce50d00-1195-434e-a823-5d447462b2b4\/today:-uae,-south-korea-finalize-cepa-agreement-%2B-a-new-aviation-manufacturing-plant-for-morocco\" style=\"\" rel=\"noopener\">USD 1.5 bn<\/a> in compensation to Iraq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Iraq is considering picking a UAE firm to develop the infrastructure of a new airport <\/strong><strong>in south central Al Diwaniyah at an undisclosed investment ticket<\/strong>, Governor Abbas Al Zamili told Iraqi news outlet <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/299.pdf\" style=\"\" rel=\"noopener\">Al Sabah (pdf)<\/a>. The project is slated to be awarded this year. The company\u2019s name was not disclosed.<\/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 slid this morning<\/strong>, following Opec+\u2019s decision earlier this week to move ahead with plans to raise production next month, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-falls-opec-plans-raise-output-us-tariffs-hammer-sentiment-2025-03-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures decreased by USD 0.24 to USD 70.80 a barrel, while the US West Texas Intermediate (WTI) fell by USD 0.58 to USD 67.68 a barrel by 05.00 GMT. A previous session yesterday saw crude prices fall close to \u201cmulti-month lows,\u201d Reuters reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Opec+ agreed to stick to plans to revive supply in April following repeated delays, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7477.htm\" style=\"\" rel=\"noopener\">statement<\/a> on Monday. The group cited \u201chealthy market fundamentals\u201d and a \u201cpositive outlook,\u201d but kept the door open for future changes in policy, saying the increase may be paused or reversed depending on market conditions. \u201cThis flexibility will allow the group to continue to support oil market stability,\u201d the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Ba<\/strong><strong>ltic index snaps winning streak:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">fell 14<\/a> points to 1,262 on Tuesday, buoyed by low rates across all segments. The capesize eased by 11 points to 1,969, while the panamax index was down 21 points to 1,024. The smaller supramax index shed 11 points to 876.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- European natural gas prices went up as an agreement to end the Russia-Ukraine war <\/strong><strong>appears increasingly out of reach<\/strong>, lowering the prospect of resuming Russian natural gas supplies to Europe, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-03\/european-gas-prices-jump-as-optimism-fades-about-ukraine-talks\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Benchmark future rose 6.7% on Monday, while European gas prices surged to a two-year high in February. <\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2025-gulf-ship-finance-forum\" style=\"\" rel=\"noopener\">Gulf Ship Finance Forum<\/a><\/strong><strong> on Thursday, 10 April<\/strong> in Dubai. The forum will host shipping and finance executives from around the region and the world to host presentations, interviews and panel discussions on ownership, management, chartering, legal and trading in shipping. <\/p>\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>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/events\/all\/cargois-forum\/\" style=\"\" rel=\"noopener\">CargoIS Forum<\/a><\/strong><strong> on Monday, 14 April<\/strong> in Dubai. The event will discuss industry insights and strategies from leading logistics players, including Emirates SkyCargo and Lufthansa Cargo. <\/p>\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>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/events\/all\/world-cargo-symposium\/\" style=\"\" rel=\"noopener\">IATA World Cargo Symposium<\/a><\/strong><strong> from Tuesday, 15 April to Thursday, 17 April <\/strong>in Dubai. The event will host sessions, specialized streams, workshops and summits related to technology, security, customs, cargo operations and sustainability for over 1.4k industry leaders. <\/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":84923,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[145,49,157,228,35,203,449,150,153,247,406,31,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-egypt","tag-etihad-airways","tag-ipo-watch","tag-iraq","tag-last-mile-delivery","tag-marsa-maroc","tag-morocco","tag-qatar","tag-qatar-airways","tag-riyadh-air","tag-saudi-arabia","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"e4eceb20-7c66-4655-bb3c-98309480fd80","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/3\/392.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Asyad Shipping\u2019s IPO + China tariffs retaliation","related_issue":[84920],"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\/3\/.37425764-bf20-46e8-acc9-72fee3d3ca5a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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