{"id":84998,"date":"2025-03-10T00:00:00","date_gmt":"2025-03-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/today-egypts-subsea-cable-factory-dekheila-ports-new-petrochemicals-facility\/"},"modified":"2025-03-10T00:00:00","modified_gmt":"2025-03-10T00:00:00","slug":"today-egypts-subsea-cable-factory-dekheila-ports-new-petrochemicals-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/today-egypts-subsea-cable-factory-dekheila-ports-new-petrochemicals-facility\/","title":{"rendered":"TODAY: Egypt\u2019s subsea cable factory + Dekheila Port\u2019s new petrochemicals facility"},"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>We\u2019re kicking off the week with a packed issue full of the latest investment, M&A, and port updates from across the region. But first, Trump appears to be giving his neighbors time to get their house in order\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD- <\/strong><strong>US hits pause on Canada + Mexico ta<\/strong><strong>riffs scheme: <\/strong>US President Donald Trump suspended <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\">25% tariffs slapped on Canada and Mexico<\/a> until 2 April and has excluded 10 duties slapped on Canadian imports of potash \u2014 a fertilizer used by US farmers. \"On April 2, we're going to move with the reciprocal tariffs \u2026 hopefully Mexico and Canada will have done a good enough job on fentanyl that this part of the conversation will be off the table \u2026 but if they haven't, this will stay on,\" US Commerce Secretary Howard Lutnick told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/06\/trump-tariffs-live-updates-businesses-warn-of-ripple-down-effects-from-tariffs-because-of-rising-costs.html\" style=\"\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You postpone, I postpone: <\/strong>Canada will delay its 25% retaliatory tariffs on a total of CAD 125 bn worth of US goods until 2 April as a response. The Canadian tariffs were announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5e0278d2-ad92-40c3-bff8-deb93c3bde09\/canada-launches-retaliatory%253cmark%253e-tariffs%253c%2Fmark%253e-on-the-us,-mexico-to-respond-%2B-us-firms-to-control-panama-canal-ports\" style=\"\" rel=\"noopener\">last week<\/a> and were supposed to be on a total of CAD 155 bn worth of US goods, CAD 30 bn of the total were supposed to be imposed immediately, while the other CAD 125 bn were going to be effective in three weeks, on cars, trucks, steel and aluminum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s never-ending threats: <\/strong>Trump may impose more reciprocal tariffs on Canadian dairy and lumber, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-tariffs-could-go-up-over-time-fox-business-interview-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday. The exact timeline has not been disclosed, but may happen this week, Trump said. Earlier this month, Trump ordered a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/66af003f-8609-4fc9-b858-f11349a264cb\/today:-a-heap-of-m&a-updates-%2B-dubai%25e2%2580%2599s-roads-investment-push\" style=\"\" rel=\"noopener\">trade investigation<\/a> into lumber products that could lead to additional tariffs on major exporters, like Canada.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed headlines over the weekend: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/tariff-reprieve-likely-be-extended-all-usmca-compliant-goods-lutnick-says-2025-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/tariffs-trump-economy-mexico-canada-bfed103a11a2a71d8353350f94c78814\" style=\"\" rel=\"noopener\">The Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-07\/trump-says-canada-mexico-tariffs-could-go-up-over-time\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/05\/us\/politics\/trump-lutnick-tariffs-reduction-canada-mexico.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/03\/06\/economy\/tariffs-delay-mexico-canada\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/06\/trump-tariffs-live-updates-businesses-warn-of-ripple-down-effects-from-tariffs-because-of-rising-costs.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cy4v0x27jrpt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/06\/trump-canada-mexico-tariff-delay-exemptions\" style=\"\" rel=\"noopener\">The Guardian<\/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\"><a id=\"wwtt1\"><\/a><strong>#1- Egypt has reportedly set a pricing and payment mechanism for securing LNG supply <\/strong><strong>agreements for the summer months<\/strong>, a government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/73223\/%D9%87%D8%B0%D9%87-%D8%B4%D8%B1%D9%88%D8%B7-%D9%85%D8%B5%D8%B1-%D9%84%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%B9%D9%8A-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%84-%D9%84%D8%B5%D9%8A%D9%81-2025\/?utm_source=facebook&utm_medium=social&utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The details were sent to global LNG traders in a bid to secure direct contract offers instead of issuing public tenders, the government official said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong><\/p>\n<ul>\n<li><strong>Price cap: <\/strong>Egypt will only consider offers if the price does not exceed USD 14 per mn British thermal units (BTU);<\/li>\n<li><strong>Deferred payments:<\/strong> LNG suppliers must agree to a one-year grace period after delivery to receive payments; <\/li>\n<li><strong>Overprice charges: <\/strong>Egypt will pay some USD 2 per mn BTU above the purchase spot for natural gas as an allowance for the deferred payments;<\/li>\n<li><strong>Restricting suppliers<\/strong>: No Russian LNG imports allowed due to EU sanctions. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Direct contracting or bidding tenders? <\/strong>Last month, the Egyptian General Petroleum Corporation was reported to be preparing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21e78855-97f9-48c2-a08f-cf71e3b6b04c\/gov%25e2%2580%2599t-to-launch-fresh-lng-tender-for-summer-shipments\" style=\"\" rel=\"noopener\">to launch<\/a> a tender in 2Q 2025 for additional LNG shipments on behalf of the Egyptian Natural Gas Holding Company. The planned shipments \u2014 to be scheduled for 3Q 2025 delivery \u2014 aim to meet the heightened summer demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt has high LNG needs: <\/strong>Egypt aims to import 155 to 160 shipments of LNG in 2025 to address growing domestic needs, especially during the summer when energy demand surges amid increasingly warmer summers. On an average, the country needs 6.2 bn cubic ft per day (bcf\\d), whereas its production capacity has dropped to some 4.35 bcf\\d, Asharq reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt has been ramping up efforts to secure supplies to meet the expected <\/strong><strong>surge in energy demand this summer, <\/strong>reportedly securing a deal with Shell and TotalEnergies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6cc14f3-a238-49d1-8930-c3686b0f9087\" style=\"\" rel=\"noopener\">in December<\/a> to purchase a total of 60 LNG shipments in 2025 for around USD 3 bn. The country has also reportedly chartered up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6b8b59c7-8f2e-4a7d-8575-8b01266d9c1d\/today:-ad-ports-to-develop-300k-ton-grain-storage-at-khalifa-port-%2B-another-floating%253cmark%253e-regasification%253c%2Fmark%253e-unit-for-egypt%3F\" style=\"\" rel=\"noopener\">four floating storage regasification units<\/a> to process LNG imports this summer, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6b8b59c7-8f2e-4a7d-8575-8b01266d9c1d\/today:-ad-ports-to-develop-300k-ton-grain-storage-at-khalifa-port-%2B-another-floating%253cmark%253e-regasification%253c%2Fmark%253e-unit-for-egypt%3F\" style=\"\" rel=\"noopener\">fifth unit<\/a> was reported to be under negotiations last month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Trump <\/strong><strong>axes Iran\u2019s<\/strong><strong> Baghdad-bound energy exports: <\/strong>The Trump administration has abrogated a waiver allowing Iraq to import Iranian electricity in a bid to curtail the Islamic Republic\u2019s alleged nuclear weapons program and its support for what the US has designated terrorist groups, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-administration-ends-iraqs-waiver-buy-iranian-electricity-2025-03-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unwavering pressure: <\/strong>The US granted Baghdad a waiver to import Iranian electricity <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/46fb87fa-67a6-4b77-a875-e6ac654f7bd1\/today:-uae%25e2%2580%2599s-non-oil-trade-hit-aed-3-tn-landmark-in-2024-%2B-us-targets-iran-exports\" style=\"\" rel=\"noopener\">in 2018<\/a>, with a caveat that Iraqi payments are only to be used for \u201chumanitarian\u201d spending in Iran. The latest waiver was issued in November 2024 and was set to expire this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lights out in Baghdad? <\/strong>The cancellation may exacerbate Iraq\u2019s power supply problems as the nation reportedly produces 27 GW \u2014 which sometimes drops to 17 GW \u2014 whereas the country needs 40 GW to keep the lights on throughout the day, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/73054\/%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%BA%D9%86%D8%A7%D8%A1-%D8%B9%D9%86-%D8%B7%D8%A7%D9%82%D8%A9-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D8%A3%D8%B3%D8%B1%D8%B9-%D9%88%D9%82%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports. The US State Department spokesperson claimed Iranian electricity comprised merely 4% of Iraq\u2019s energy usage in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iraq <\/strong><strong>to switch to Gulf gas: <\/strong>The Iraqi government is reportedly planning to shift to Gulf gas imports after the rescinding of US waivers, Parliament's Oil and Gas Committee spokesperson Ali Shadad told <a target=\"_blank\" href=\"https:\/\/shafaq.com\/en\/Economy\/Iraq-accelerates-Gulf-gas-imports-as-US-ends-Iran-energy-waivers\" style=\"\" rel=\"noopener\">Shafaq News<\/a>. However, it is not clear whether Iraq has the generational capacity to convert the imported gas into electricity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>ON THE SHIPPING FRONT- The <\/strong><strong>US <\/strong><strong>may intercept<\/strong><strong> Iran\u2019s oil tankers at sea: <\/strong>Washington is reportedly considering a plan to stop-and-search Iran\u2019s crude oil vessels at sea, using a decades-old accord on curbing the proliferation of weapons of mass destruction, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-mulls-plan-disrupt-irans-oil-by-halting-vessels-sea-2025-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing six unnamed sources. The measures aim to cripple Iran\u2019s sources of revenue and could cut exports by 750k barrels per day and delay crude shipments to refiners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran\u2019s guide to skirting US sanctions at sea: <\/strong>Iran has reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/727cbdc1-abca-4fd1-a313-a9fc0580fbbe\/smaller-vessels-and-ship-to-ship-transfers-emerge-as%253cmark%253e-iran%253c%2Fmark%253e%25e2%2580%2599s-best-tactics-to-adapt-to-tightening-sanctions\" style=\"\" rel=\"noopener\">resorted to smaller and more<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/727cbdc1-abca-4fd1-a313-a9fc0580fbbe\/smaller-vessels-and-ship-to-ship-transfers-emerge-as%253cmark%253e-iran%253c%2Fmark%253e%25e2%2580%2599s-best-tactics-to-adapt-to-tightening-sanctions\" style=\"\" rel=\"noopener\">agile tankers<\/a> \u2014 specifically Aframax and Suezmax vessels \u2014 to deliver its crude to China. It has also reportedly implemented ship-to-ship transfers at locations including Malaysia and the UAE\u2019s Fujairah to mask the source of shipments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Trump administration enacted a so-called <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/46fb87fa-67a6-4b77-a875-e6ac654f7bd1\/today:-uae%25e2%2580%2599s-non-oil-trade-hit-aed-3-tn-landmark-in-2024-%2B-us-targets-iran-exports\" style=\"\" rel=\"noopener\">\u201cmaximum pressure\u201d policy<\/a> against Iran in February, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d044fef-4244-4e5e-8f45-b90c11af34b0\/today:-e&-divests-from-data-center-firm-khazna-%2B-a-new-uae-logistics-player-to-invest-in-india\" style=\"\" rel=\"noopener\">waves of sanctions<\/a> targeting the country\u2019s shadow fleet and oil operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Abu Dhabi National Oil Company (Adnoc) is looking to snap up natural gas producing <\/strong><strong>fields in the US<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-07\/uae-s-adnoc-said-to-seek-deals-for-gas-fields-in-major-us-push?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources with knowledge of the matter. The potential acquisitions will aim to support its existing US assets and enhance its access to fuel and feedstock for its chemical plants and LNG export facilities in the US. The oil-producing giant would also benefit from local price increases and reduce its exposure from fuel purchases, Bloomberg said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s CEO Sultan Al Jaber is scheduled to discuss Adnoc\u2019s investment <\/strong><strong>strategy <\/strong>\u2014 including in the US during energy conference <a target=\"_blank\" href=\"https:\/\/www.ceraweek.com\/\" style=\"\" rel=\"noopener\">CERA Week in Houston<\/a> tomorrow, before heading to meetings in Washington.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc has been ramping up its US presence:<\/strong> Adnoc <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/046b6eb0-ff4d-4dc4-b5e5-b14b36c6f361\/dp-expands-australian-rail-operations-%2B-adnoc-snaps-up-stakes-in-us-lng\" style=\"\" rel=\"noopener\">acquired<\/a> an 11.7% stake in the first phase of sustainable LNG producer NextDecade's USD 18 bn Rio Grande LNG export facility in Texas back in May 2024. It also <a target=\"_blank\" href=\"https:\/\/adnoc.ae\/en\/news-and-media\/press-releases\/2024\/khaled-bin-mohamed-bin-zayed-witnesses-signing-ceremony-for-adnoc-and-exxonmobil-to-partner\" style=\"\" rel=\"noopener\">took on a 35% stake<\/a> in ExxonMobil\u2019s proposed low-carbon hydrogen and ammonia production facility in Texas back in September, which it later transferred to its ammonia arm Fertiglobe. Just a few weeks ago, Adnoc and Austria\u2019s OMV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">agreed to merge their polyolefins businesses<\/a>, creating a USD 60 bn global polyolefins JV and acquiring Nova Chemicals, which has facilities on the US Gulf coast. The company\u2019s USD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/caab9352-d19d-4c4a-a14e-3cd5837a1d25\/adnoc-launches%253cmark%253e-xrg%253c%2Fmark%253e-to-invest-in-low-carbon-energy-and-chemicals\" style=\"\" rel=\"noopener\">80 bn lower-carbon energy and chemicals firm XRG<\/a> is set to assume ownership of Adnoc\u2019s shares in all US facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER LNG NEWS- <\/strong><strong>Qatar <\/strong><strong>Energy + Exxon Mobil grab<\/strong><strong> deadline push for LNG plant: <\/strong>US federal regulators have accepted a request from Golden Pass LNG \u2014 a project by QatarEnergy and Exxon Mobil \u2014 to push back the deadline for launching the LNG project to 30 November 2029, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-05\/trump-approves-permit-extension-for-exxon-s-golden-pass-lng\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. The firms now have a three-year extension to launch the Texas-based project, whose output is being touted as a much-needed boost for LNG sourced from the US \u2014 the world\u2019s <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/exxon-mobil-qatar-get-3-year-extension-build-texas-lng-plant-2024-10-24\/\" style=\"\" rel=\"noopener\">top<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/exxon-mobil-qatar-get-3-year-extension-build-texas-lng-plant-2024-10-24\/\" style=\"\" rel=\"noopener\">exporter of the fuel<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump is turning the tanker: <\/strong>US President Donald Trump <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6aee0d9f-0146-412f-a2f3-3dcdda5fb708\/trump-dismantles-biden%25e2%2580%2599s-energy-policies-on-his-first-day-in-the-office\" style=\"\" rel=\"noopener\">ordered a resumption<\/a> of export applications for LNG in January. The move is in line with Trump\u2019s oil and gas push that saw him rescind Joe Biden\u2019s 2024 moratorium on exports to allow assessments of the environmental and economic impacts of the export, as well as lift a ban on oil drilling in the Arctic and across large areas off the American coast.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first extension: <\/strong>The Qatar Energy and Exxon Mobil JV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b9c7dd18-e2c0-4aef-ad84-907fb6e4375d\/a-slew-of-updates-from-oman,-morocco,-and-egypt\" style=\"\" rel=\"noopener\">got a deadline extension<\/a> last October, months after the project\u2019s lead construction contractor Zachry Holdings filed for bankruptcy, claiming that the project was at least USD 2.4 bn over the original budget.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>French concessions and construction company Vinci has expressed its <\/strong><strong>interest <\/strong><strong>in <\/strong><strong>managing and operating Egyptian airports<\/strong> as part of the government\u2019s airport privatization push, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0P43fVSMnYa865rry4F3RHo74NpBt3t7yVNZqxrkwNnLFftMRAD6amWw7C8Ugq7wVl\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vinci isn\u2019t the only major global company to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c0704c7a-bc29-433e-a556-b9526a2d392a\/today:-oman%25e2%2580%2599s-new-industrial-complex-%2B-mara-maroc%25e2%2580%2599s-new-terminal-concession\" style=\"\" rel=\"noopener\">express interest<\/a><\/strong><strong> in the offering<\/strong>, with three of Europe\u2019s largest operators having put their hat in the ring, Civil Aviation Minister Sameh Elhefny said last month. This includes France\u2019s Groupe A\u00e9roports de Paris (ADP France) and Hassan Allam Holding who submitted a joint proposal <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dd9b750d-f6f1-4aac-a086-1fab886dae8c\/today:-a-new-oman-turkish-investment-fund-is-here-%2B-egypt-and-italy-launch-long-awaited-ro-ro-line\" style=\"\" rel=\"noopener\">back in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We should have some concrete information soon<\/strong> with the International Finance Corporation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c0704c7a-bc29-433e-a556-b9526a2d392a\/today:-oman%25e2%2580%2599s-new-industrial-complex-%2B-mara-maroc%25e2%2580%2599s-new-terminal-concession\" style=\"\" rel=\"noopener\">expected to reach an agreement<\/a> with the government on its privatization plan for the management of 11 airports by the middle of this month. The IFC\u2019s full airport privatization plan will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6b8b59c7-8f2e-4a7d-8575-8b01266d9c1d\/today:-ad-ports-to-develop-300k-ton-grain-storage-at-khalifa-port-%2B-another-floating-regasification-unit-for-egypt%3F\" style=\"\" rel=\"noopener\">reportedly<\/a> be out around July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>IN OTHER AVIATION UPDATES- Saudi\u2019s PIF is investing USD 100 mn in <\/strong><strong>Malaysian budget airline <\/strong><strong>AirAsia<\/strong>, making it the biggest contributor to the airline\u2019s USD 226 mn fundraising target, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-06\/saudi-fund-set-to-invest-in-airasia-boosting-ties-to-region\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday, citing sources it says are in the know. AirAsia is offering investors up to a 15% stake at a USD 2 bn valuation as it targets recovery from covid-19 losses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> A key draw for the PIF\u2019s investment is AirAsia\u2019s backlog of over 350 Airbus narrowbody aircraft. PIF\u2019s Riyadh Air secured part of these delivery slots, easing the Malaysian airline\u2019s financing burdens while providing Riyadh Air with planes needed for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/32b5c3a8-6edf-4690-a935-505bcdfc6e19\/today:-kkr-to-acquire-stake,-invest-in-gulf-data-hub-%2B-oman%25e2%2580%2599s-madayn%25e2%2580%2599s-infrastructure-project\" style=\"\" rel=\"noopener\">3Q 2025 launch<\/a>. Riyadh Air chose the slots instead of purchasing 100 Boeing 737 jets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nothing set in stone: <\/strong>AirAsia is also in talks with investors from Singapore and Japan, with a potential announcement expected within weeks, although reaching a final agreement is not guaranteed, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>Qatar <\/strong><strong>Airways<\/strong><strong> is planning to scale back its rapid expansion after securing one more aircraft order<\/strong>, CEO Badr Mohamed Al Meer told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ed886915-7548-4856-bb95-3fead41f2190\" style=\"\" rel=\"noopener\">Financial Times<\/a> on Thursday. The Qatari carrier has been in talks with Airbus and Boeing over orders that could increase its current passenger capacity from 50 mn to 80 mn annually over the next five to six years. \u201cWe will reach capacity at [Doha\u2019s Hamad international airport], and that\u2019s it\u2026 the airline will focus on expanding its partnerships with other carriers and its networks by feeding passengers into these partner carriers to continue their journey,\u201d Al Meer said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Quality in mind: <\/strong>Qatar\u2019s flagship carrier \u2014 which is locked in fierce competition with regional powerhouses such as UAE\u2019s Etihad and Emirates \u2014 aims to avoid walking in the footsteps of other airlines that have sacrificed quality of service for additional flights, routes, and passengers, Al Meer said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Qatar Airways is working on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e4eceb20-7c66-4655-bb3c-98309480fd80\/today:-asyad-shipping%25e2%2580%2599s-ipo-%2B-china-tariffs-retaliation\" style=\"\" rel=\"noopener\">Request for Proposal (RFP)<\/a> for a \u201csizeable\u201d order of widebody aircraft to buttress long-term growth goals. The carrier is mulling whether to acquire the undisclosed number of aircraft from Boeing, Airbus, or under a split contract between the two manufacturers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Russia <\/strong><strong>sends die<\/strong><strong>sel to Syria <\/strong><strong>on sanctioned<\/strong><strong> ship: <\/strong>Russia has shipped diesel to Syria on board a US-sanctioned tanker, the Barbados-flagged Prosperity, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-ships-diesel-syria-tanker-under-us-sanctions-data-shows-2025-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing LSEG data. The 37k-metric-tons vessel \u2014 managed by Dubai-based Fornax Ship Management \u2014 was loaded at the Russian Baltic port of Primorsk last month, yet the final destination was unclear. Fornax is under US sanctions, and the US added Prosperity to a list of 180 sanctioned vessels in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/new-us-sanctions-russian-tankers-hit-oil-supplies-india-refining-sources-say-2025-01-10\/\" style=\"\" rel=\"noopener\">January 2025<\/a> that were involved in the export of Russian oil amid the war with Ukraine. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The US Treasury Department issued temporary exemptions in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d46182ef-fddf-471d-89f9-08f5c0078e47\/today:-damac-plans-usd-20-bn-data-center-expansion-in-the-us\" style=\"\" rel=\"noopener\">January<\/a> to allow transactions with government institutions and the oil sector as well as personal transfers in Syria. The license, valid for six months, expands authorizations for activities and transactions in Syria following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5eaf11fc-c145-419c-b9dc-e4b080434832\/today:-morocco-seeks-usd-8.8-bn-for-rail-expansion-%2B-egypt-to-lease-lng-regasification-unit\" style=\"\" rel=\"noopener\">end of former president Bashar Al Assad\u2019s rule<\/a>.<\/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<\/strong><strong>- Oil prices dipped this morning <\/strong>amid continued uncertainty on the outlook of tariffs and rising production from Opec+, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-decline-investors-continue-fret-over-tariff-impact-2025-03-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures dropped by USD 0.31 to USD 70.05 a barrel, while the US West Texas Intermediate (WTI) fell by USD 0.35 to USD 66.69 a barrel by 04.45 GMT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER OIL MARKET UPDATES- Opec+ production was up already in <\/strong><strong>February: <\/strong> Steadfast oil exports from Iran and quota-breaching production from Nigeria reportedly led Opec+ exports to climb to some 26.7 mn barrels per day (bpd) in February, according to a survey by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-february-oil-output-rises-iran-exports-keep-flowing-2025-03-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> published on Thursday. The figure exceeded January\u2019s figure by some 170k bpd. The survey found Iraq and Saudi Arabia operating below Opec\u2019s mandated quota, with the UAE hovering slightly above it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong>Saudi Aramco has l<\/strong><strong>owered its crude prices for Asian buyers in April for the <\/strong><strong>first time in three months<\/strong>, cutting Arab Light by USD 0.40 cents to USD 3.50 per barrel above the Oman and Dubai average, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-cuts-oil-prices-asia-first-time-three-months-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The price cut aligns with market expectations, with a Reuters poll predicting a reduction of USD 0.20-0.65. The move follows Opec+\u2019s decision to gradually <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b52f21e2-9d2c-49da-b772-6748c67d7f80\/aiib-mulls-investments-in-gulf-rail-connection-project-%2B-fii-priority-summit-tomorrow\" style=\"\" rel=\"noopener\">increase<\/a> oil supply in April, though the decision could be reversed if market imbalances emerge, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/russias-novak-says-opec-may-reverse-oil-output-hike-after-april-if-needed-2025-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing Russia\u2019s Deputy Prime Minister Alexander Novak.<\/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 <\/strong><strong>snaps losing 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\">rose 114 points<\/a> to 1,400 on Friday. The capesize surged by 340 points to 2,422, while the panamax index rose 3 points to 995. The smaller supramax index was flat at 864 points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Drewry Wor<\/strong><strong>ld Container Inde<\/strong><strong>x decreased 3% to USD 2,541 per 40-ft container on Thursday<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">latest index readings<\/a>. Spot rates for 40-ft containers are now 76% below the previous pandemic peak but remain 79% above the pre-pandemic rate of USD 1.4k. The average composite index YTD is USD 3,289 per 40ft container, which is USD 405 higher than the 10-year average rate of USD 2,883.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The UAE\u2019s digital service exports grew 5% <\/strong><strong>y-o-y<\/strong><strong> to USD 47.9 bn in 2023<\/strong>, buoyed by a number of Comprehensive Economic Partnership Agreements (CEPAs), <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15ghgwr-uae-key-player-shaping-future-digital-trade\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing Foreign Trade Minister Thani bin Ahmed Al Zeyoudi. Digital trade now accounts for over 63% of global services exports, spanning fintech, ins., consulting, and software development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s CEPAs usually include dedicated digital trade provisions<\/strong>, providing Emirati businesses with expanded international market access. The agreements also streamline intellectual property protections, ensuring faster trademark and patent recognition in partner countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- O<\/strong><strong>man\u2019s Shinas P<\/strong><strong>ort handled nearly 100k tonnes of goods valued at OMR 11.5 mn in <\/strong><strong>2024, <\/strong><a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2025\/03\/06\/shinas-port-handles-goods-worth-over-ro11-5mn-in-2024\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reported on Thursday. The port received a total of 91.3k tonnes of imported goods and exported a total of 11.7k tonnes of goods during the same period. The port total number of ships that passed through has increased by 41% y-o-y in 2024 to 707 ships due to ongoing infrastructure improvements and enhanced services during the same period. <\/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\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hapag-Lloy<\/strong><strong>d rolls out new PSS: <\/strong>Shipping giant Hapag-Lloyd will add a peak season surcharge (PSS) of USD 550 for 20 ft containers, and USD 750 for 40 ft containers and all shipments from Italy, Spain, Portugal and Southern France in the Mediterranean to USA, Canada and Mexico, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2025\/03\/shipping-from-the-mediterranean-to-usa--canada-and-mexico--a-pss.html\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The PSS is applicable starting 5 April 2025 until further notice.<\/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 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Egypt\u2019s export-bound subsea cable factory + Dekheila Port\u2019s new petrochemicals facility","related_issue":[84996],"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\/.7ece3d00-b70b-4042-9abd-9f3f987e21f3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TODAY: Egypt\u2019s subsea cable factory + Dekheila Port\u2019s new petrochemicals facility - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/10\/today-egypts-subsea-cable-factory-dekheila-ports-new-petrochemicals-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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