{"id":88882,"date":"2025-09-15T00:00:00","date_gmt":"2025-09-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/15\/today-iraq-turns-to-ifc-for-support-on-ports-energy-investments\/"},"modified":"2025-09-15T00:00:00","modified_gmt":"2025-09-15T00:00:00","slug":"today-iraq-turns-to-ifc-for-support-on-ports-energy-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/15\/today-iraq-turns-to-ifc-for-support-on-ports-energy-investments\/","title":{"rendered":"TODAY: Iraq turns to IFC for support on ports, energy investments"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks. <\/strong>We\u2019re kicking off the week with a packed issue, full of investment, projects, and M&A updates from across the region. Let\u2019s get the ball rolling. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/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>#1- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/smartportstransformation.com\/\" style=\"\" rel=\"noopener\">Smart Ports and Logistics Transformation Summit<\/a><\/strong><strong> is opening its doors today until tomorrow<\/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<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>#2-<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/lisw.com\/#tickets\" style=\"\" rel=\"noopener\">London International Shipping Week<\/a><\/strong><strong> will kick off today and run through until Friday, 19 September<\/strong> in London. The cluster event brings together hundreds of maritime industry decision-makers and government officials to network and discuss key issues facing the industry. The week-long event will host over 350 functions \u2014 including its flagship conference hosted by the International Maritime Organization on Wednesday, 17 September. <\/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>Regional players are hosting some of the week\u2019s events:<\/strong><\/p>\n<ul>\n<li><strong>Oman\u2019s Sohar Port and Freezone<\/strong> will <a target=\"_blank\" href=\"https:\/\/lisw.com\/organiser\/sohar-port-and-freezone\/\" style=\"\" rel=\"noopener\">showcase<\/a> Oman\u2019s strengths as a globally integrated maritime hotspot tomorrow;<\/li>\n<li><strong>KSA\u2019s Mawani<\/strong> will also host <a target=\"_blank\" href=\"https:\/\/lisw.com\/event\/networking-session-by-saudi-ports-authority-mawani\/\" style=\"\" rel=\"noopener\">Set Sail to Saudi Arabia<\/a> tomorrow.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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> <\/strong><strong>#1- Egypt is looking to launch a new Ro-Ro shipping line with Germany in 1Q 2026 <\/strong>\u2014 spearheaded by the Egyptian-German Joint Navigation Committee, according to documents seen by <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo?fbid=772151415573777&set=a.142260341896224\" style=\"\" rel=\"noopener\">Asharq Business.<\/a> The new line is poised to transport trucks loaded with goods \u2014 primarily agricultural products, heavy vehicles, and machinery \u2014 via dedicated Ro-Ro vessels. The committee is currently in discussions to lay out the logistics details related to the new route. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Egypt\u2019s been doubling down on its Ro-Ro lines: <\/strong>Egypt is working on launching Ro-Ro <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e147d46a-8444-4ee9-9b5a-9ed6d0fda567\/\" style=\"\" rel=\"noopener\">services with Saudi Arabia and Turkey<\/a> before the end of 2025. This comes after the Ro-Ro line connecting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d9e388f-93bc-4237-afb4-b6b292f5466a\" style=\"\" rel=\"noopener\">Damietta Port with Italy\u2019s Port of Trieste<\/a> started operating in late 2024, reducing the time to send goods between the two ports to two and a half days, down from six.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong><\/strong> <strong>#2-<\/strong> <strong>Are cargo UAV deliveries coming to UAE next year? <\/strong>Abu Dhabi-based drone manufacturer Lodd Autonomous is set to launch unmanned aerial vehicle (UAV) parcel and cargo deliveries by 2H 2026 \u2014 with the first test flight scheduled in November, CEO Rashid Matar Al Manai told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/abu-dhabi-lodd-drone-based-cargo-deliveries-2026?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> on Friday. The firm \u2014 which wrapped its first pilot delivery <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/834713cb-00de-406b-a615-98f4492edadb\/today:-world-bank-backs-iraq%25e2%2580%2599s-rail,-recovery-efforts-in-lebanon-%2B-syria\" style=\"\" rel=\"noopener\">in June<\/a> \u2014 said then it was working with regulators and industry partners to hone in on procedures, consolidate regulatory compliance, and collect operational insights<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the cards:<\/strong> The firm\u2019s flagship product \u2014 named the Hili \u2014 has a carrying capacity of up to 250 kg over a 300-km range, at a speed of 180 km\/h. The firm will operate similar to the typical airline business model and is open to selling UAVs or leasing them \u201cdepending on the buyer demand,\u201d Manai said. Lodd aims to offer the delivery services at a \u201cfraction of the cost\u201d of the current market and is currently in talks with customers both locally and internationally, Manai added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>region\u2019s latest drone craze:<\/strong> Dubai kicked off drone deliveries late last year in Dubai Silicon Oasis with the first order from the Rochester Institute of Technology-Dubai. Omani AI and drone services company Esbaar is set to launch cargo delivery using drones by the end of the year, with a payload of up to 700 kg. The Saudi General Authority for Civil Aviation also gave the green light in January for US delivery drone firm Matternet to launch its M2 drone in Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Canadian, Chinese firms eye food logistics hub in Egypt: <\/strong>Canadian logistics service company IMGS Group and Chinese agriculture and food solutions provider Famsun are mulling opening a global food logistics center in Egypt, according to a Suez Canal Authority <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0qiZxDZpYC82hFP94LaLJCS1pCnSSsAcNJmkt6f7wKVVo6hz3S92zDSdDvtyLZx4El\" style=\"\" rel=\"noopener\">statement<\/a>. The project \u2014 to be in partnership with the authority \u2014 would be situated in Port Fouad and support the country\u2019s food security. A cooperation protocol to begin developing the project will soon be signed, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Adnoc <\/strong><strong>consolidates listed assets under XRG:<\/strong> Abu Dhabi National Oil Company (Adnoc) transferred its equity stakes in Adnoc Distribution, Adnoc Gas, and Adnoc Logistics and Services to its wholly owned subsidiary XRG, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/699.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a> released on Thursday. The share transfer of Adnoc Drilling will follow pending regulatory approvals, the company said, adding that the move will not affect the operations, dividend policies, or strategies of the companies involved.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The transfers are part of Adnoc\u2019s strategy to consolidate its listed holdings under XRG, the international energy investment arm it launched <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\">in 2024<\/a>. XRG manages some USD 80 bn in assets and is looking to double that figure over the next decade under a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c7f9522-c8fb-4161-874d-eb71e33f32b8\/%253cmark%253exrg%253c%2Fmark%253e-goes-global-under-five-year-plan\" style=\"\" rel=\"noopener\">five<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c7f9522-c8fb-4161-874d-eb71e33f32b8\/%253cmark%253exrg%253c%2Fmark%253e-goes-global-under-five-year-plan\" style=\"\" rel=\"noopener\">-<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c7f9522-c8fb-4161-874d-eb71e33f32b8\/%253cmark%253exrg%253c%2Fmark%253e-goes-global-under-five-year-plan\" style=\"\" rel=\"noopener\">year plan<\/a> \u2014 including planned acquisitions of Germany\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5c9ce4a7-a69f-4c8d-8182-04e28d3fb2e2\/another-hiccup-in-adnoc%25e2%2580%2599s%253cmark%253e-covestro%253c%2Fmark%253e-takeover-%2B-opec%2B-to-weigh-another-supply-hike-on-sunday%3F\" style=\"\" rel=\"noopener\">Covestro<\/a> and Australia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/53b34364-0770-4c56-8f8c-6497fcb8e3d5\/red-sea-cables-severed,-causing-internet-service-disruptions\" style=\"\" rel=\"noopener\">Santos<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More transfers ahead: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/311fdc7f-b3e5-4197-bfb0-344213c67f21\/this-morning:-to-fire-or-not-to-fire-jay-powell%3F-%2B-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\" style=\"\" rel=\"noopener\">In<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/311fdc7f-b3e5-4197-bfb0-344213c67f21\/this-morning:-to-fire-or-not-to-fire-jay-powell%3F-%2B-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\" style=\"\" rel=\"noopener\">July<\/a>, Adnoc said it would shift its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a018d651-e120-4aa7-9039-d221628ca749\/adnoc-acquires-24.9%2525-stake-in-austrian%253cmark%253e-omv%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">24.<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a018d651-e120-4aa7-9039-d221628ca749\/adnoc-acquires-24.9%2525-stake-in-austrian%253cmark%253e-omv%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">9<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a018d651-e120-4aa7-9039-d221628ca749\/adnoc-acquires-24.9%2525-stake-in-austrian%253cmark%253e-omv%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">% stake in Austria\u2019s OMV<\/a> to XRG. The unit is also set to hold a 46.9% stake in Borouge Group International once the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8398abc-0b64-4e2f-9af3-c01ebf7a6223\/today:-egypt%25e2%2580%2599s-subsea-cable-factory-%2B-dekheila-port%25e2%2580%2599s-new-petrochemicals-facility\" style=\"\" rel=\"noopener\">planned merger of Borouge, Borealis, and Nova Chemicals<\/a> is completed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>US <\/strong><strong>slams Emirati shipping player with sanctions: <\/strong>Washington\u2019s latest anti-Houthi sanctions wave has struck Dubai-based shipping outfit <a target=\"_blank\" href=\"https:\/\/tybaships.com\/\" style=\"\" rel=\"noopener\">Tyba Ship Management<\/a>, according to a US Treasury Department <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0243\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. The US government alleges that the company sponsors and materially aids Yemen\u2019s Houthis, claiming that its owner Muhammad Al Sunaydar is a Houthi-linked businessman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Latest on Houthi sanctions: <\/strong>The US Treasury Department <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b4d2b5c8-62ef-46da-bb06-21a050126418\/today:-egypt%25e2%2580%2599s-first-vehicle-terminal-lands-in-east-port-said-%2B-gwc,-nmdc-energy-post-2q-earnings\" style=\"\" rel=\"noopener\">sanctioned<\/a> two individuals and five firms from the UAE and Yemen for allegedly smuggling imported petroleum into Houthi-controlled areas earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#6- <\/strong><strong> EU to consider partial trade halt with Israel: <\/strong>The European Commission is set to consider a proposal for a partial halt of its trade agreement with Israel amid growing frustration over Israel\u2019s unabated conduct in Gaza, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/eu-commission-chief-propose-new-measures-targeting-israel-2025-09-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Wednesday, citing an announcement by European Commission chief Ursula von der Leyen. It remains unclear how far the partial trade halt would go. The package will also propose sanctions on \u201cextremist ministers and on violent settlers,\u201d von der Leyen said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>European Union (EU) member states have <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/eu-ministers-split-over-gaza-copenhagen-meeting-2025-08-30\/\" style=\"\" rel=\"noopener\">been divided<\/a><\/strong><strong> over Israel\u2019s war in Gaza<\/strong>, with some countries pressuring the bloc to take action and suspend dealings with Israel, but not all members agree. A majority vote is needed for the sanctions to pass. EU goods accounted for 32% of Israel\u2019s total trade in <a target=\"_blank\" href=\"https:\/\/policy.trade.ec.europa.eu\/eu-trade-relationships-country-and-region\/countries-and-regions\/israel_en\" style=\"\" rel=\"noopener\">2024<\/a>, while total bilateral trade reached EUR 43 bn the same year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other <\/strong><strong>members <\/strong><strong>did it first:<\/strong> Both <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6bd9df5a-93c1-416f-b64a-73b6aa312ab2\/today:-dp-world-secures-another-canada-project-%2B-mubadala-to-trime-its-du-stake\" style=\"\" rel=\"noopener\">Spain<\/a> and <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/live\/2025\/sep\/02\/middle-east-crisis-israel-gaza-palestine-un-belgium-live-news-updates\" style=\"\" rel=\"noopener\">Belgium<\/a> announced sweeping measures against Israel, including an arms embargo and entry bans for Israeli citizens linked to human rights violations and genocidal conduct. The pair has also suspended imports of all goods hailing from Israeli settlements. <\/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- Oil prices went up this morning<\/strong><strong> amid concerns of tightened Russian supply after <\/strong><strong>Ukraine attacks on Russian refineries<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-extends-gains-after-attacks-russian-energy-facilities-2025-09-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures increased by USD 0.36 to reach USD 67.35 \/ bbl by 06.32 GMT, while US West Texas Intermediate (WTI) gained USD 0.36 to trade at USD 63.05 \/ bbl. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Forecast updates from IEA: <\/strong>The International Energy Agency (IEA) has raised its forecast for global oil demand growth for this year to 740k bbl \/ d, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2e7b95c5-96c9-4a23-844b-5785caaf1e9d\/today:-turkish-tunnels-get-usd-1.8-bn-backing-%2B-sailun-to-set-up-1-usd-bn-tires-plant-in-egypt%25e2%2580%2599s-teda\" style=\"\" rel=\"noopener\">680k<\/a> previously, according to the agency\u2019s latest monthly <a target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/oil-market-report-september-2025\" style=\"\" rel=\"noopener\">oil market report<\/a>. The agency left its 2026 outlook unchanged at 700k bbl \/ d. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agency now expects global crude supply to rise by 2.7 mn bbl \/ d to 105.8 mn bbl \/ d this yea<\/strong>r \u2014 compared with a prior forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2e7b95c5-96c9-4a23-844b-5785caaf1e9d\/today:-turkish-tunnels-get-usd-1.8-bn-backing-%2B-sailun-to-set-up-1-usd-bn-tires-plant-in-egypt%25e2%2580%2599s-teda\" style=\"\" rel=\"noopener\">2.5 mn bbl\/d rise<\/a> \u2014 and by 2.1 mn bbl \/d to 107.9 mn bbl \/ d next year. Net Opec+ output growth from October will come in at just <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/142657\/2025\/11\/09\/%D8%A8%D8%B9%D8%AF-%D9%82%D8%B1%D8%A7%D8%B1-%D8%A3%D9%88%D8%A8%D9%83+..%D9%88%D9%83%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D8%AA%D8%B1%D9%81%D8%B9-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA%D9%87%D8%A7-%D9%84%D8%A5%D9%85%D8%AF%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%81%D9%8A-2025\" style=\"\" rel=\"noopener\">40k bbl \/ d<\/a> \u2014 well below the group\u2019s official 137k bbl \/ d quota hike \u2014 due to capacity constraints among some members.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Opec kept its forecast unchanged in its September <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/702.pdf\" style=\"\" rel=\"noopener\">oil market report (pdf)<\/a><\/strong><strong>. <\/strong>The cartel still expects global oil demand to grow by 1.3 mn bbl \/ d in 2025 and 1.4 mn bbl \/ d in 2026, with non-Opec supply expected to add 0.8 mn bbl \/ d in 2025 and 0.6 mn bbl \/ d next year. Demand for Opec+ crude is forecast at 42.5 mn bbl \/ d in 2025 and to 43.1 mn bbl \/ d in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0195cfde-fc35-44ac-a849-8a4ea7e9fa19\/today:-helios-eyes-stake-in-telecom-egypt%25e2%2580%2599s-data-center-unit-%2B-emirates-new-financing\" style=\"\" rel=\"noopener\">approved<\/a> a production hike for an additional 137k bbl \/ d from October through September 2026, fast-tracking the return of 1.65 mn bbl \/ d that was previously set to stay offline until end-2026. But most members are already pumping at or near capacity, leaving Saudi Arabia and the UAE as the only producers able to meaningfully increase supply. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>2<\/strong><strong>- Baltic index maintains upwards trajectory:<\/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\">increased 0.7%<\/a> to 2,126 points on Friday, its highest since 28 July. The capesize gained 1% to 3,070 points, while the panamax index climbed 0.4 % to 2,006 points. The smaller supramax index rose by 0.5% to 1,492 points. The benchmark index for the week rose by 7.4%, the highest weekly performance since 21 July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Drewry World Container Index fell by 3% to USD 2,044 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>. The drop comes on the back of market turbulence driven by the ongoing US tariffs\u2019 bonanza since April. The container forecaster projects the supply-demand balance to fall in 2H 2025, causing spot rates to fall further.<\/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-Lloyd rolls out new GRI: <\/strong>Shipping giant Hapag-Lloyd is set to implement a general rate increase (GRI) of USD 250 per 20-ft container and of USD 500 per 40-ft container from Turkey to the US East Coast, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2025\/09\/_shipping-from-tuerkiye-to-the-us-east-coast--a-gri-is-coming-up.html\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The GRI is applicable starting 15 October, and is valid until further notice. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also adding a new <\/strong><strong>PSS<\/strong><strong>\u2026:<\/strong> The firm will add a peak season surcharge (PSS) of USD 600 (EUR 500) per TEU for ships going to Conakry in Guinea, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2025\/09\/shipping-to-conakry--a-pss-is-coming-up.html\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The PSS is applicable starting 25 September from Africa, Asia, Oceania, Europe, and the Middle East, and starting 12 October from the Indian Subcontinent and the Americas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 and postponing an<\/strong><strong> LWS:<\/strong> Hapag-Lloyd is postponing its USD 1k per TEU low water surcharge (LWS) on cargo to and from Asia, Africa, the Middle East, and Europe on the back of Amazon River water levels receding lower than expected, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2025\/09\/update-on-the-implementation-of-the-low-water-surcharge-to-from-.html\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The LWS will take effect starting 15 October<\/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>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\"><\/a> <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.adamsuniversal.co.uk\/auh\" style=\"\" rel=\"noopener\">Syria Recovery and Investment Forum<\/a><\/strong><strong> on Wednesday, 24 September<\/strong> in Abu Dhabi. The forum will host leaders in business, regional investors, policymakers, and advisory experts to develop practical solutions for Syria\u2019s road to recovery and economic revival.<\/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>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/thefreightsummit.com\/conference2025\/\" style=\"\" rel=\"noopener\">Global Freight Summit<\/a><\/strong><strong> on Sunday, 28 September until Wednesday, 1 <\/strong><strong>October<\/strong> in Istanbul. The summit will host over 330 attendees and over 250 firms for policy and knowledge and strategies exchange between forwarding partners.<\/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\">T<strong>he UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.airlineeconomicsplus.com\/shop\/conferenceaddons\/QzlkWmxmUEhSRitMSG1JWC9DcGFTdz09\/\" style=\"\" rel=\"noopener\">African, Middle East, and Islamic Finance Aviation 100 Awards<\/a><\/strong><strong> on Monday, 29 September until Wednesday, <\/strong><strong>1 October <\/strong>in Dubai. The event aims to highlight and reward the most remarkable transactions closed by airlines and aviation manufacturing and leasing firms.<\/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:\/\/grtiec.com\/\" style=\"\" rel=\"noopener\">Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/strong><strong> on Tuesday, 30 September until Thursday, 2 October <\/strong>in Abu Dhabi. The event will be hosted by Etihad Rail and is set to welcome over 200 global speakers and upwards of 20k industry attendees to share innovative solutions and develop partnerships.<\/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>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\" rel=\"noopener\">Saudi Maritime and Logistics Congress<\/a><\/strong><strong> on Wednesday, 1 <\/strong><strong>October and Thursday, 2 October<\/strong> in Dammam. It will host over 200 registered exhibitors and some 15k attendees from over 90 countries to discuss AI-powered fleet optimization, shifts in global trade, and intelligence-driven infrastructure. <\/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 <\/strong><strong>UK will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imo.org\/en\/mediacentre\/meetingsummaries\/pages\/preview-mepc-es2.aspx\" style=\"\" rel=\"noopener\">Marine Environment Protection Committee Extraordinary Session<\/a><\/strong><strong> from Tuesday, 14 October until Friday, 17 October<\/strong> at the International Maritime Organization\u2019s (IMO) HQ in London. The session is set to see the intergovernmental body formally adopt its Net-Zero Framework \u2014 rolling out new fuel standards for ships and a global pricing mechanism for emissions. <\/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 world<\/p>\n","protected":false},"author":1,"featured_media":88883,"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":[183,317,605,122,754,49,186,203,152,123,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-adnoc","tag-adnoc-logistics","tag-capital-markets","tag-cargo","tag-drone","tag-egypt","tag-israel","tag-last-mile-delivery","tag-logistics-hub","tag-shipping-maritime","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"45220d25-fd7b-4bb5-8cd1-53c9f0d2bdea","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/1\/1075.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Iraq turns to IFC for support on ports, energy investments","related_issue":[88880],"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\/9\/.586091ac-44bc-4433-9df6-8b4907c7654c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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