{"id":85518,"date":"2025-04-08T00:00:00","date_gmt":"2025-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/04\/08\/today-saudi-based-avilease-emirates-boost-their-fleets-blouda-towage-lands-in-morocco\/"},"modified":"2025-04-08T00:00:00","modified_gmt":"2025-04-08T00:00:00","slug":"today-saudi-based-avilease-emirates-boost-their-fleets-blouda-towage-lands-in-morocco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/04\/08\/today-saudi-based-avilease-emirates-boost-their-fleets-blouda-towage-lands-in-morocco\/","title":{"rendered":"TODAY: Saudi-based AviLease, Emirates boost their fleets + Blouda Towage lands in Morocco"},"content":{"rendered":"

Good morning, folks. <\/strong>The news cycle remains busy this week as offices fill up after Eid break. Aviation industry updates from Turkey, Saudi and the UAE are leading the issue alongside an important update on Morocco\u2019s Nador West Med port. But first, the latest on the global trade front\u2026<\/p>\n

THE BIG LOGISTICS STORY- Trump floats fresh tariffs on China: <\/strong>The US President Donald Trump is threatening China with an additional 50% tariff in response to the Asian nation\u2019s recently announced 34% tariff \u2014 due on 10 April \u2014 on American imports in retaliation to the US\u2019 tariff bonanza from last week. <\/p>\n

What\u2019s the latest?<\/strong> The additional levy \u2014 which Trump said would enter into effect midnight tomorrow unless China scraps its 34% duty \u2014 would bring the US\u2019 total tariffs on Chinese imports to 104%. Trump also confirmed there would be no pause<\/a> on tariffs, but said he would be open to negotiations with some countries. China vowed to \u201cfight until the end\u201d to secure its interests against the US, blasting the threat as a \u201ctypical unilateral bullying practice.\u201d <\/p>\n

ALSO- The EU to slap back: <\/strong>The European Commission is preparing a retaliatory tariff of 25% on a range of US goods in response to tariffs on steel and aluminium, Reuters<\/a> reports, citing a document it had seen. The commission\u2019s chief also said that the bloc would focus its trade with nations other than the US moving forward.<\/p>\n

The markets <\/strong>continued to reel<\/a><\/strong> yesterday from the uncertainty around tariffs<\/strong>, with the S&P 500 entering the bear market briefly as it fell 20% from its peak \u2014 a dip that was interrupted by a seven-minute rally<\/a> driven by social rumors on a potential 90-day pause on tariffs. The rally helped recover USD 2.5 tn in equity value, though that was later erased during the day, <\/p>\n

This story grabbed a lot of ink in the int\u2019l press: <\/strong>Reuters<\/a> | Associated Press<\/a> | Financial Times<\/a> | Bloomberg<\/a> | Wall Street Journal<\/a> | The Guardian<\/a> | CNN<\/a> | CNBC<\/a> | CBS<\/a> <\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- Chevron to kick off surveying East Med seabed for Egypt-Cyprus gas link:<\/strong> Energy giant Chevron will start surveying operations for the east Mediterranean seabed the upcoming summer, in preparation for the has pipeline connecting the two countries, according to a statement<\/a> from the Cypriot government.<\/p>\n

REMEMBER-<\/strong> The Oil Ministry kicked off the Egypt Energy Show in February by signing two<\/a>agreements<\/a> with Cyprus to liquify and re-export Cypriot natural gas, following months of talk<\/a> about an energy corridor connecting the two nations. Egypt will start receiving 400 mn cubic feet per day (mcf\/d) from Cyprus\u2019 Cronos gas field starting mid-2027 and another 500 mcf\\d of gas from the country\u2019s Aphrodite field by 2030, according to unconfirmed reports<\/a> last month.<\/p>\n

#2- <\/strong>KSA is restructuring its aviation sector as part of a broader national logistics plan aimed <\/strong>at increasing the number of destinations connected to its airports<\/strong>, Transport Minister Saleh bin Nasser Al Jasser told Al Ekhbariya in an interview yesterday (watch, runtime: 2:07<\/a>). The plan will see the nation transition from a single national airport operator model to one with two major national carriers. It also covers fast-tracking the construction and design of the King Salman International Airport, alongside upgrades to arrival lounges at various airports, with development projects planned for airports in Jazan, Abha, Al Baha, Hail, Al Jouf, Taif, and others.<\/p>\n

ICYMI-<\/strong> The King Salman International Airport \u2014 an expansion of the capital\u2019s King Khalid International Airport \u2014 is poised to be one of the world\u2019s largest, set to accommodate up to 120 mn passengers by 2030 and 185 mn by 2050. Officials announced In June<\/a> plans to open the airport\u2019s private aviation terminal in 2026, a passenger terminal in 2028, and its \u201ciconic terminal\u201d by 2030.<\/p>\n

<\/a>#3- <\/strong>Nations <\/strong>butt heads over carbon levy on shipping: <\/strong>Developing nations have accused rich economies of reneging on climate goals by hampering efforts to decarbonize global shipping, The Guardian<\/a> reports. The division came to light during the International Marine Organization\u2019s (IMO) meeting in London to discuss emission levies for the industry as part of amendments to the International Convention for the Prevention of Pollution from Ships. Negotiations over the levy will continue until 11 April.<\/p>\n

Advocates for the levy: <\/strong>Tuvalu\u2019s Transport Minister Simon Kofe argued \u2014 on behalf of a group of Pacific, African, and Caribbean nations \u2014 that imposing a levy on carbon-emitting shipping will have limited impact on consumers, predicting tiny price increases for end goods. For example, a hypothetical levy of USD 150 per ton of carbon emitted would raise the cost of a USD 100 pair of shoes by only USD 0.72, Kofe said. The proposed levy reportedly aims to hold the bigger polluters accountable, while sparing nations most vulnerable to rising sea levels.<\/p>\n

The anti-levy camp: <\/strong>Economic heavyweights China, Brazil, and Saudi Arabia oppose the proposed levy, claiming that the resulting price jump would be too high. The EU reportedly favors a drastically scaled-down version of the tax. <\/p>\n

A longstanding impasse: <\/strong>Negotiations had stalled late last year<\/a> when many small island states lobbied for a USD 100 levy on each tonne of shipping\u2019s carbon emissions. Major exporting economies, namely Brazil, China, and South Africa, resisted proposals to tax carbon emissions.<\/p>\n

<\/a>#4- <\/strong>Airb<\/strong>us <\/strong>deliveries up in M<\/strong>arch:<\/strong> Airbus delivered 71 jets in March, increasing total deliveries for 1Q 2025 to 136 jets, industry sources told Reuters<\/a>. The figures showcase that the planemaker has picked up the pace after a lackluster performance in the first two months of the year, which saw the company deliver 65 jets, the company\u2019s slowest delivery rate<\/a> since 2021.<\/p>\n

\n

MARKET WATCH- <\/p>\n

#1- Oil prices rebounded this morning, <\/strong>reversing a downturn streak caused by US\u2019 all-out tariff measures from last week, Reuters<\/a> reports. Brent crude futures rose by USD 0.81 to USD 65.02 a barrel, while the US West Texas Intermediate (WTI) surged by USD 0.92 to reach USD 61.61 a barrel by 00.51 GMT. <\/p>\n

Asia\u2019s<\/strong> crude oi<\/strong>l imports dipped <\/strong>2.4%<\/strong> y-o-y in 1Q 2025 to 26.44 mn barrels per day (bpd)<\/strong>, Reuters<\/a> reports, citing LSEG Oil Research data. The decline in imports contrasts with forecasts made by Opec+ and the International Energy Agency that Asia will lead global oil demand growth in 2025. US President Donald Trump\u2019s sweeping tariffs<\/a> have exacerbated the already-weakening demand for crude oil. <\/p>\n

#2- Balti<\/strong>c index on a downward spiral<\/strong>: <\/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<\/a> on Monday, reaching 1,401 points. The capesize fell 9.1% to 2,017 points, while the panamax index dipped by 4.8% to reach 1,356 points, its highest in five months. The smaller supramax index decreased by 6 points to 965. <\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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***<\/strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/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

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

The UAE will host the <\/strong>IATA World Cargo Symposium<\/a><\/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

The UAE will host the <\/strong>Airport Show<\/a><\/strong> on Tuesday, 6 May to Thursday, 8 May <\/strong>in Dubai. The event will show products and technology for the airport industry from over 160 international suppliers and manufacturers across 20 countries. It will also provide a platform for networking with key players across seven airport sectors.<\/p>\n

Saudi Arabia will host the <\/strong>Saudi Smart Logistics<\/a><\/strong> trade fair on Monday, 12 May to Thursday, 15 May<\/strong> in Riyadh. The event will provide insights into the latest international and local technology, solutions, equipment providers, and sustainable workflow practices within the logistics industry in the country. <\/p>\n

The UAE will host the <\/strong>Global Ports Forum<\/a><\/strong> on Tuesday, 13 May to Wednesday, 14 May<\/strong> in Dubai. The forum will cover topics such as port strategy and development, port automation, finance and efficiency. <\/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":85519,"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":[264,145,49,227,31,123,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-airbus","tag-aviation","tag-egypt","tag-lng","tag-saudi-arabia","tag-shipping-maritime","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"13309552-f04c-40bf-b3db-2e9fb977411a","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/1650.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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