{"id":86181,"date":"2025-05-08T00:00:00","date_gmt":"2025-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/08\/today-saudis-hydrogen-trucks-ventures-dae-onboards-nordic-aviation-capital\/"},"modified":"2025-05-08T00:00:00","modified_gmt":"2025-05-08T00:00:00","slug":"today-saudis-hydrogen-trucks-ventures-dae-onboards-nordic-aviation-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/08\/today-saudis-hydrogen-trucks-ventures-dae-onboards-nordic-aviation-capital\/","title":{"rendered":"TODAY: Saudi\u2019s hydrogen trucks ventures + DAE onboards Nordic Aviation Capital"},"content":{"rendered":"

Good morning, folks. <\/strong>We\u2019re heading into the weekend with another brisk read. Still, we have a few big updates on investments, acquisitions, and port moves by major industry players from across the region. Shall we?<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- <\/strong>US<\/strong>, Houthis<\/strong> reach ceasefire agreement:<\/strong> US President Donald Trump has announced that airstrikes on Houthi-controlled areas in Yemen<\/a> will cease in exchange for the Yemeni group\u2019s vow to stop attacking US shipping vessels in the region<\/a>, Reuters<\/a> reports. The agreement was brokered by Oman, whose Foreign Ministry announced the ceasefire shortly after Trump\u2019s remarks on Tuesday, Reuters<\/a> said in a separate report.<\/p>\n

Israel isn\u2019t part of the agreement:<\/strong> The statements from Washington and Oman did not mention whether the Houthis had agreed to stop attacks on Israel over its war in Gaza, and the head of the Houthi Supreme Political Council Mahdi Al Mashat has indicated that the attacks on Israel will persist. Israel bombed Yemen\u2019s sea and airport infrastructure<\/a> earlier this week.<\/p>\n

REFRESHER- <\/strong>Hopes for a return to business as usual in the Red Sea shipping route were dashed after Israel backed out from advancing its ceasefire agreement in Gaza earlier this year<\/a>, prompting Yemen\u2019s Houthi to resume its attacks in the maritime route. <\/p>\n

<\/a>#2- Twenty French aviation companies are coming to Saudi to explore investment <\/strong>opportunities and partnerships next week<\/strong>, Al-Eqtisadiah<\/a> reported, citing French Embassy-affiliated Business France. The companies will explore investments in airports and the maintenance, repair, and overhaul (MROs) sectors, and some are set to follow up on exploratory investment agreements that they previously signed with the Kingdom, Al-Eqtisadiah reported.<\/p>\n

IN CONTEXT-<\/strong> The initiative comes amid rising French investment in the country, which has exceeded EUR 17 bn in 2024, positioning France as the Kingdom\u2019s second-largest investor. Currently, 350 French companies operate in Saudi Arabia, including 170 with permanent presence.<\/p>\n

#3- EU eyes sanctions on Russian Lukoil\u2019s Dubai unit: <\/strong>The European Union is considering blacklisting Litasco Middle East DMCC \u2014 the Dubai-based trading arm of Russian oil giant Lukoil \u2014 for allegedly helping facilitate Moscow\u2019s shadow fleet operations, Bloomberg<\/a> reports, citing documents it has seen. If approved, the proposed sanctions \u2014 which still need unanimous approval from all EU member states \u2014 could have knock-on effects on European shipowners carrying Russian supplies.<\/p>\n

More details: <\/strong>The designation is part of the EU\u2019s proposed 17th sanctions package attempting to pressure the Russian economy through sanctions on its energy revenue streams. The package will target around 150 vessels, 60 individuals, and major Russian oil exporters including Surgutneftegas, as well as several Chinese firms allegedly supplying Russia\u2019s military industry. <\/p>\n

<\/a>IN OTHER NEWS FROM THE BLOC- <\/strong>The <\/strong>EU is planning to hit Boeing aircraft with tariffs should trade negotiations with the US fail<\/strong>, Bloomberg<\/a> reports. The potential retaliatory levies would be part of a planned tariff round on US goods amounting to EUR 100 mn (c. USD 114 mn), with a long list of goods that will be determined as consultations continue.<\/p>\n

What led up to this?<\/strong> The US slapped the EU with a 20% tariff<\/a> on all incoming goods earlier this year, along with a 25% duty<\/a> on steel and aluminum imports. In March, the bloc opted for \u201cstrong but proportionate\u201d retaliation, with levies on up to EUR 26 bn (USD 28 bn) of US goods<\/a> starting April 2025. <\/p>\n

\n

MARKET WATCH- <\/p>\n

#1- Oi<\/strong>l prices were steady in the early mo<\/strong>rning amid uncertainty over the fate of <\/strong>US-China trade negotiations<\/strong>, <\/strong>Reuters<\/a> reports. Brent crude futures were unchanged at USD 61.12 a barrel, while the US West Texas Intermediate (WTI) edged up by USD 0.06 to reach USD 58.12 a barrel by 00.58 GMT. Both futures fell about 1.7% yesterday, Wednesday.<\/p>\n

#2- <\/strong>Baltic index <\/strong>on a downward spiral:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell 32<\/a> points to 1,374 on Wednesday. The capesize dipped 102 points to 1,935, while the panamax gained two points to 1,362. The smaller supramax index rose four points to 961.<\/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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Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on logistics@enterprisemea.com<\/a>.<\/p>\n

DID YOU KNOW <\/strong>that we also cover Egypt<\/a>, Saudi Arabia<\/a>, the UAE<\/a>, and the MENA<\/a>climate industry<\/a> ?
***<\/strong><\/p>\n

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

The UAE will host the <\/strong>Seamless Middle East<\/a><\/strong> from Tuesday, 20 May to Thursday, 22 May<\/strong> in Dubai. The event will cover topics including digital marketing, e-commerce, and retail and merchant payments. <\/p>\n

Saudi Arabia will host the <\/strong>Saudi Warehousing & Logistics Expo<\/a><\/strong> from Tuesday, 27 May to Thursday, 29 May<\/strong> in Riyadh. The expo will host over 18k supply chain industry professionals and more than 400 exhibitors. It will also explore over 3.5k solutions. <\/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":86182,"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":[145,146,126,732,32,129,16,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-boeing","tag-disruption-watch","tag-european-union","tag-trade","tag-uae","tag-what-were-tracking-today","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"536b2942-3298-46e8-9cbd-5bf75fa38b7e","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/613.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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