{"id":86381,"date":"2025-05-19T00:00:00","date_gmt":"2025-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/19\/today-aviation-data-centers-spree-dp-world-lands-in-syria\/"},"modified":"2025-05-19T00:00:00","modified_gmt":"2025-05-19T00:00:00","slug":"today-aviation-data-centers-spree-dp-world-lands-in-syria","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/19\/today-aviation-data-centers-spree-dp-world-lands-in-syria\/","title":{"rendered":"TODAY: Aviation, data centers spree + DP World lands in Syria"},"content":{"rendered":"

Good morning, friends. <\/strong>Aviation and data center agreements from Trump\u2019s GCC tour continued to trickle in over the weekend, with news on the UAE-US investment push in the sectors leading the pack. We also have updates on regional LNG trade, as well as DP World\u2019s push into Syria. Shall we?<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1- Can the reduction in transit fees help boost traffic levels in the Suez Canal? <\/strong>The Suez Canal Authority announced<\/a> a 15% reduction on transit fees for container vessels in a bid to encourage major shipping lines to return to transiting through the canal, but some are skeptical the move will bear fruit. The move is not enough to incentivize shipping companies to return as security remains a main concern, Chairman of the Suez Chamber of Shipping Abdel Qader Gaballah told EnterpriseAM. With the current security risks, the premiums for ships going through Suez are far higher than the fee reductions, he added. <\/p>\n

Shipping giants are still monitoring the situation: <\/strong>Sources from Maersk and other major shipping companies said that they are monitoring the situation and will only consider returning to the canal if security improves. <\/p>\n

REMEMBER-<\/strong> Some major shippers may also lack the financial incentive to accelerate their return to the Red Sea route. For example, Maersk forecasts a net income<\/a> of USD 3 bn if the route\u2019s disruption continues until the end of the year, whereas an earlier return to Red Sea \u2014 by the start of 2H \u2014 would leave the company barely breaking even.<\/p>\n

<\/a>#2- <\/strong>Iraq <\/strong>has completed the first section of the road links in the Development Road project<\/strong>, which includes part of a three-lane road for heavy trucks and cargo, the Iraqi Shafa<\/a>q News<\/a> reported on Saturday, citing a statement from Iraq\u2019s General Company for Ports. \u201cThe first section of the road stretches from Grand Al-Faw Port to the submerged tunnel, covering 51km, and then continues from the tunnel to the main Safwan road for an additional 11km, bringing the total length of this segment to 62 km,\u201d company director Farhan Al Fartousi told the news outlet. <\/p>\n

ICYMI:<\/strong> Baghdad established a private company<\/a> to manage the Development Road project in April. Turkey, Qatar, and the UAE signed on to contribute<\/a> to the project last year.<\/p>\n

About the project:<\/strong> The Development Road aims to connect Iraq\u2019s Al Faw mega port \u2014 currently under construction \u2014 to Turkey via road and rail covering 1.2k km. The project is set to rival the Suez Canal route for cargo moving from Asian to European markets. The project is estimated to have an investment ticket of over USD 4 bn, Shafaq News reported.<\/p>\n

<\/a>#3-<\/strong> Saudi real estate firm <\/strong>Al Otaishan Holding<\/a><\/strong> is planning to develop a SAR 80 mn automated petrochemical <\/strong>logistics warehouse in Al Jubail Industrial City<\/strong>, CEO Dhary Al Otaishan (LinkedIn<\/a>) told EnterpriseAM during a summit<\/a> held by Egypt\u2019s proptech platform Aqarmap. The flagship project \u2014 the first of its kind in the region \u2014 will be developed in partnership with the German company Al Otaishan-Schmidt, managed by Al Otaishan Holding, and is expected to be operational by November 2026, Al Otaishan said.<\/p>\n

IN THE PIPELINE- <\/strong>Al Otaishan Holding is set to develop a 21k sqm food warehouse in Al Khumrah, Jeddah. The company will also build, own, and manage a 14k sqm office project in Dammam targeting corporations lease, set to be managed by its property management subsidiary.<\/p>\n

About Al Otaishan Holding:<\/strong> Founded in 1982 as a transport establishment, Al Otaishan evolved into a specialized company offering logistics, industrial, and trading services. Al Otaishan Holding was launched in 2022, with operations spanning the construction, maintenance, logistics, and industrial sectors.<\/p>\n

\n

MARKET WATCH- <\/p>\n

#1- Oil prices remained largely unchanged early this morning, as the markets wait on key <\/strong>economic data from China and updates on the US-Iran talks<\/strong>, Reuters<\/a> reports. Brent crude futures saw a minor drop of USD 0.05 to reach USD 65.36 a barrel, while the US West Texas Intermediate (WTI) slightly increased by USD 0.03 to reach USD 62.52 a barrel by 00.22 GMT. <\/p>\n

#2- Baltic index 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 climbed 6%<\/a> to 1,388 points on Friday. The capesize surged 14% to 2,018 points, while the panamax index gained 3 points to 1,290. The smaller supramax index was up 3 points to 978.<\/p>\n

\n

PSA-<\/p>\n

Hapag-Lloyd rolls out new PSS:<\/strong> Shipping giant Hapag-Lloyd will add a peak season surcharge (PSS) of USD 400 (EUR 350) per container for all types coming from the Middle East, Europe, the US, and the Indian Subcontinent to Banjul in Gambia, according to a statement<\/a> released on Thursday. The PSS is applicable starting 19 May and until further notice. <\/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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***<\/strong><\/p>\n

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

Morocco will host the <\/strong>International Conference on Logistics and Supply Chain Management<\/a><\/strong> from Wednesday, 28 May to Friday, 30 Ma<\/strong>y<\/strong> in Casablanca. The conference will cover scientific research, technologies, and environmentally friendly digital solutions in the logistics, transport, and supply chain sectors. <\/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":86382,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[49,36,35,135,31,123,207,194,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egypt","tag-grand-faw-port","tag-iraq","tag-roads","tag-saudi-arabia","tag-shipping-maritime","tag-storage-warehouses","tag-suez-canal-authority","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"818db9d2-4d78-4a9d-844f-31f01095c10d","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/1523.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Aviation, data centers spree + DP World lands in Syria","related_issue":[86379],"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\/5\/.5f6e4bd9-98a8-437f-8b7b-13bea7028f1e.mp3"},"yoast_head":"\nTODAY: Aviation, data centers spree + DP World lands in Syria - 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