{"id":89112,"date":"2025-09-24T00:00:00","date_gmt":"2025-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/24\/today-egypts-first-onshore-regas-unit-coming-in-2027-fires-red-sea-turmoil-hit-maritimes-mutual-ins-sector\/"},"modified":"2025-09-24T00:00:00","modified_gmt":"2025-09-24T00:00:00","slug":"today-egypts-first-onshore-regas-unit-coming-in-2027-fires-red-sea-turmoil-hit-maritimes-mutual-ins-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/24\/today-egypts-first-onshore-regas-unit-coming-in-2027-fires-red-sea-turmoil-hit-maritimes-mutual-ins-sector\/","title":{"rendered":"TODAY: Egypt's first onshore regas. unit coming in 2027 + Fires, Red Sea turmoil hit maritime\u2019s mutual ins. sector"},"content":{"rendered":"

Good morning, friends. <\/strong>It\u2019s another brisk issue as we move closer to the weekend, with regional supply chain and trade updates, as well as global IPO news from Malaysia\u2019s top port operator. We also dive into the state of mutual ins. clubs in the maritime sector amid record underwriting losses. Shall we?<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a> #1- <\/strong>S<\/strong>ILZ to plan expansion as first-phase leases <\/strong>exceed 55% of project:<\/strong> Saudi Arabia\u2019s Riyadh Special<\/a>Integrated<\/a>Logistics Zone<\/a> (SILZ) has leased 55% of its first phase\u2019s land area and is moving to plan phase two, SILZ Chief Operating Officer Mohammed Alasseri told Zawya<\/a>. The first phase spans 1 mn sqm of leasable land, whereas the second is planned to cover 1.6 mn sqm.<\/p>\n

Who\u2019s moving in? <\/strong>Current tenants include fast fashion giant Shein; global tech player Lenovo; industrial robot-maker Sapphire, a JV comprising Japan\u2019s Softbank and PIF-owned Alat; and logistics player Unipart, among others.<\/p>\n

About SILZ<\/strong>:<\/strong> Launched in 2022, SILZ is Saudi Arabia\u2019s first special economic zone and the national logistics platform\u2019s inaugural project. Located in the vicinity of King Khalid International Airport, the zone is planned to cover more than 3 mn sqm when all its phases are developed. Permitted activities cover light assembly, manufacturing, repair, trade, and logistics services \u2014 targeting sectors like aerospace, precious metals, ICT, consumer goods, pharma, and perishables.<\/p>\n

<\/a> #2- Turkey eases US levies ahead of talks: <\/strong>Turkey has cancelled additional levies and import bans it imposed on certain US products in 2018, ahead of Turkish President Recep Tayyip Erdo\u011fan's visit to the US tomorrow to conclude a trade agreement, Reuters<\/a> reports, citing the country\u2019s official gazette (pdf)<\/a>. The duties \u2014 scrapped on Monday \u2014 had affected cars, fruit, rice, tobacco, cosmetics, solid fuels, and chemical products. <\/p>\n

Background: <\/strong>The scrapped duties were originally imposed in retaliation for US tariffs on steel and aluminum, introduced by President Donald Trump during his first term. <\/p>\n

ICYMI-<\/strong> Trump imposed a 15% tariff on Turkey in July<\/a> \u2014 as per a list<\/a> placing countries into three groups depending on trade surplus. Most of the Gulf falls into the first group, hit by a minimum of 10%.<\/p>\n

#3- <\/strong>Amman <\/strong>Civil Airport to reopen this year: <\/strong>The expansion and reconstruction of Jordan\u2019s Amman Civil Airport will wrap up before the end of the year, the Jordan Times<\/a> reports, citing comments made by Jordan Airports\u2019 Company Director General Ahmad Azzam. The airport is in line to become one of Jordan\u2019s backup airports, Al Mamlaka<\/a> reported on Monday.<\/p>\n

<\/a> #4- <\/strong> MMC <\/strong>Port clinches IPO greenlight:<\/strong> Malaysia\u2019s largest port operator, MMC Port Holdings, has received regulatory approval for what is set to be the country\u2019s largest IPO in 13 years, Reuters<\/a> reports. The listing will float some 30% of the firm\u2019s issued capital \u2014 roughly 4.3 bn shares \u2014 most of which is earmarked for Malaysian and foreign institutional investors. Retail investors can purchase up to 284.8 mn shares. The exact timeline for the listing was not disclosed. <\/p>\n

We knew this was coming: <\/strong>MMC Port Holdings had filed<\/a> a draft prospectus for its IPO with Malaysia\u2019s securities regulator in July, with the listing expected as early as 2H 2025, unnamed sources told the newswire at the time. <\/p>\n

A formidable portfolio:<\/strong> MMC\u2019s portfolio boasts six ports, owns over 1.6k acres of warehousing and distribution centers, and provides a range of marine and logistics services, according to its website<\/a>. MMC also holds a 12% stake in the JV that owns the Red Sea Gateway Terminal in Jeddah, KSA. <\/p>\n

\n

MARKET WATCH- <\/p>\n

#1- Oil prices increased this morning on the back of market signals of tightening supply <\/strong>after a report showed declining US stockpiles,<\/strong> Reuters<\/a> reports. Brent crude futures went up by USD 0.19 to reach USD 67.82 \/ bbl by 04.00 GMT, while US West Texas Intermediate (WTI) also surged by USD 0.21 to trade at USD 63.62 \/ bbl. <\/p>\n

ALSO-<\/strong> Saudi crude oil exports in July fell to their lowest level in four months<\/strong>, dropping to 5.99 mn bbl \/ d from June\u2019s<\/a> 6.14 mn, Reuters<\/a> reports, citing data from the Joint Organization Data Initiative. Crude production slipped to 9.20 mn bbl \/ d in July from 9.75 mn a month earlier, while refinery intake rose 10% m-o-m to 2.98 mn bbl \/ d. Direct crude burn dropped to 608k bbl \/ d from 674k over the same period. <\/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 rose 28 points<\/a> to 2,200 points on Tuesday, buoyed by the large-size segment. The capesize gained 104 points to 3,469, while the panamax index declined 23 points to 1,799, its lowest since 4 September. The smaller supramax index remained steady at 1,486 points.<\/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

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

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

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

Turkey will host the <\/strong>Global Freight Summit<\/a><\/strong> on Sunday, 28 September until Wednesday, 1 <\/strong>October<\/strong> in Istanbul. The summit will host over 330 attendees and more than 250 firms for policy and knowledge and strategies exchange between forwarding partners.<\/p>\n

The UAE will host the <\/strong>African, Middle East, and Islamic Finance Aviation 100 Awards<\/a><\/strong> on Monday, 29 September until Wednesday, <\/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

The UAE will host the <\/strong>Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/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

Saudi Arabia will host the <\/strong>Saudi Maritime and Logistics Congress<\/a><\/strong> on Wednesday, 1 <\/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

The UK will host the <\/strong>Marine Environment Protection Committee Extraordinary Session<\/a><\/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

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":89113,"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":[145,146,248,228,39,37,31,32,231,726,16,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-boeing","tag-china","tag-ipo-watch","tag-jordan","tag-ports","tag-saudi-arabia","tag-trade","tag-turkey","tag-usa","tag-what-were-tracking-today","tag-zones","wpautop","entry"],"acf":{"mongo_id":"7c901c80-5154-435e-9bb8-7054bb6ea24a","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/9\/1460.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Egypt's first onshore regas unit expected in 2027. 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