{"id":88305,"date":"2025-08-19T00:00:00","date_gmt":"2025-08-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/19\/today-dp-world-completes-sil-logistics-acquisition-qterminals-renews-commitment-to-ukraine-port-concession\/"},"modified":"2025-08-19T00:00:00","modified_gmt":"2025-08-19T00:00:00","slug":"today-dp-world-completes-sil-logistics-acquisition-qterminals-renews-commitment-to-ukraine-port-concession","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/19\/today-dp-world-completes-sil-logistics-acquisition-qterminals-renews-commitment-to-ukraine-port-concession\/","title":{"rendered":"TODAY: DP World completes Sil Logistics acquisition. Qterminals renews commitment to Ukraine port concession"},"content":{"rendered":"

Good morning, nice people. <\/strong>We\u2019re nothing short of important industry developments in today\u2019s issue, with M&A, investment, ports, and earnings updates from across the region. But first, a look into the fallout of Air Canada\u2019s cabin workers strike\u2026<\/p>\n

<\/a>THE BIG LOGISTICS STORY- Hundreds of flights have been grounded as Air Canada <\/strong>cabin workers' strike heads into its fourth day, <\/strong>after the Canadian Union of Public Employees (Cupe) rejected a government order to return to work. This comes on the heels of an 8-month negotiation over fair compensation that culminated in the strike after Cupe rejected the airline's latest offer for a 38% raise over four years. <\/p>\n

The strike has impacted some 700 flights a day, <\/strong>grounding up to 75%<\/a><\/strong> of the airline\u2019s <\/strong>cargo capacity. <\/strong>The airline owns six freighters, which are still operational, but up to 75% of its cargo volumes are moved onboard the passenger flights (belly freight), impacted by the strike. The strike comes amid the summer\u2019s peak season, affecting an average of 130k travelers daily. <\/p>\n

What now? <\/strong>The airline was forced to extend flight cancellations<\/a> into Tuesday afternoon, scrapping its initial plans to resume flights on Monday. Cupe, which represents the striking 10k flight attendants, pledged to remain on strike until their demands are met, even if it means jail time or fines against its leaders and members. The conflicting parties met for the first time since the strike began on Monday evening, but no breakthrough was reported.<\/p>\n

The story received a lot of ink in the int\u2019l press: <\/strong>Associated Press<\/a> | Reuters<\/a> | Bloomberg<\/a> | Wall Street Journal<\/a> | New York Times<\/a> | NBC<\/a> | BBC<\/a> | The Guardian<\/a> | CBC<\/a> <\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a>#1-<\/strong> Iraq <\/strong>shortlists two firms for FRSU: <\/strong>The Iraqi Oil Ministry is reviewing two bids for its first floating storage and regasification unit (FRSU) at Khor Al Zubair Port in Basra, according to a statement<\/a> published last week. The Ministry will announce the selected bid at its next meeting, it said, without disclosing the names of the firms. <\/p>\n

REMEMBER- <\/strong>Iraq was mulling over<\/a> a bid from US-based Excelerate Energy<\/a> \u2014 among other US firms \u2014 for its first FRSU earlier this year. Iraq\u2019s interest in LNG imports infrastructure comes as Baghdad ramps up efforts to mitigate energy shortages and diversify imports, amid mounting pressure from Washington<\/a> to reduce its reliance on Iranian oil and natural gas. <\/p>\n

<\/a>#2- <\/strong>Dubai-based International FreeZone Authority (IFZA) launched a new <\/strong>freezone in Panama City<\/strong> \u2014 marking IFZA\u2019s first presence in the region, Wam<\/a> reported. The new hub will support a range of sectors including logistics, trading, software, tech, and industrial production, and is set to provide Latin American businesses with better access to Middle Eastern, African, Indian, and Pakistani markets, the state news agency said.<\/p>\n

IFZA is eyeing more projects abroad: <\/strong>The freezone inked an MoU<\/a> with the Maldives\u2019 Economic Development and Trade Ministry last year to develop a special economic and financial services zone. IFZA also signed an MoU with Pakistan to explore investments in the country\u2019s freezones back in March<\/a>.<\/p>\n

\n

MARKET WATCH- <\/p>\n

#1- Oil prices fell slightly early morning as markets await the outcome of the recently <\/strong>announced trilateral meeting between Russia, Ukraine, and the US<\/strong>, <\/strong>Reuters<\/a> reports. Brent crude futures went down by USD 0.07 to reach USD 66.53 \/ bbl by 00.00 GMT, while US West Texas Intermediate (WTI) dropped USD 0.06 to trade at USD 63.36 \/ bbl. <\/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 fell 1.1%<\/a> to 2,022 points on Monday, its lowest since 12 August. The capesize dropped 2.5% to record 3,212 points, while the panamax index gained 0.5% to 1,630 points. The smaller supramax index went up by 0.6% to 1,361 points.<\/p>\n

#3- Bunker fuel sales at the Port of Fujairah rebounded in July to their highest in three <\/strong>months<\/strong>, reaching 640.7k cbm, up 13.8% m-o-m, Al Khaleej<\/a> reports, citing Fujairah Oil Industry Zone data published by S&P Global Commodity Insights. The recovery was driven by stronger demand for high-sulfur fuel oil (HSFO), which climbed 28.4% m-o-m to 205.6k cbm, the highest since January. This comes as low-sulfur fuel oil\u2019s (LSFO) premium over HSFO hit a six-month high of more than USD 95\/ton in mid-July, Al Khaleej said, citing London Exchange Group data. <\/p>\n

Meanwhile, sales of low-sulfur marine fuels, including LSFO and marine gasoil, rose 8% m-o-m to 435k cbm. <\/strong>HSFO\u2019s market share grew to 32% in July, while LSFO\u2019s share slipped to 68%. <\/p>\n

SOUND SMART- <\/strong>HSFO is cheaper but only allowed for vessels with scrubbers to meet the IMO 2020 sulfur cap<\/a>. LSFO \u2014 capped at 0.5% sulfur \u2014 has become the dominant marine fuel. Marine gas oil<\/a>, a cleaner distillate, is used in emission control areas where the sulfur limit<\/a> is just 0.1%.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

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

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

***<\/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

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

Were you forwarded this email? <\/strong>Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n

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>, and the UAE<\/a><\/a> ***<\/strong><\/p>\n

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

Bahrain will host the <\/strong>Syria Recovery and Investment Forum<\/a><\/strong> on Sunday, 1 September and Monday, 2 September<\/strong> in Manama. The forum will host global industry leaders, policymakers, and stakeholders to discuss Syria's most urgent rebuilding needs \u2014 and attract investments \u2014 across key sectors including education, energy, housing, smart cities, ports, and metro systems.<\/p>\n

Oman will host <\/strong>Transport Middle East<\/a><\/strong> on Monday, 1 September until Wednesday, 3 September <\/strong>in Salalah. The conference will host 35 international speakers and over 50 exhibitors from the maritime sector to discuss global transportation and logistics. <\/p>\n

Saudi Arabia will host the <\/strong>Sustainable Maritime Industry Conference<\/a><\/strong> on Wednesday, 3 <\/strong>and Thursday, 4 September <\/strong>in Jeddah. The event is set to gather over 60 speakers and more than 3k participants to discuss maritime decarbonization, digital transformation, regulatory frameworks, capacity building, and sustainable practices.<\/p>\n

Algeria will host the <\/strong>Intra-African Trade Fair<\/a><\/strong> on Thursday, 4 September until Wednesday, 10 September<\/strong> in Algiers. The fair will host over 75 countries and 2k exhibitors across several sectors to explore investment prospects and exchange information on trade between B2B and B2G.<\/p>\n

Oman will host the <\/strong>Comex Global Technology Show<\/a><\/strong> on Sunday, 7 September and run till Wednesday, 10 September<\/strong> in Muscat. The event will host over 360 participants and 133 tech startups to show achievements in eGovernment, fintech, smart cities, health tech, agritech and cybersecurity. <\/p>\n

Saudi Arabia will host the <\/strong>Smart Ports and Logistics Transformation Summit<\/a><\/strong> on Monday, 15 September and Tuesday, 16 September<\/strong> in Jeddah. The summit will host over 40 global and local speakers, industry experts and policymakers to explore smart port solutions, port operations and logistics within Saudi Arabia.<\/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":88306,"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":[145,126,35,227,37,129,16,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-disruption-watch","tag-iraq","tag-lng","tag-ports","tag-uae","tag-what-were-tracking-today","tag-zones","wpautop","entry"],"acf":{"mongo_id":"4cfd79e3-d27b-4ff1-96df-b1478b98a479","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/8\/1168.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: DP World completes Sil Logistics acquisition. 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