!_ImageURLWeb_! https:\/\/ent.news\/2025\/1\/450.jpg<\/p>\n
Good morning, wonderful people. <\/strong>The holiday break news lull may be slowly snaking its way through to the logistics sector \u2014 but with USD bns of power in play, the headlines aren\u2019t quiet.<\/p>\n Our lead story today unpacks Egypt\u2019s decision to keep FSRUs until 2030 despite its recent blockbuster gas imports agreement with its neighbors to the east. <\/strong>We also have an exclusive on a new Logistics Zones Authority looking to shake up logistics projects in the country,<\/p>\n ALSO- <\/strong>Adnoc went on a financing tear, securing USD 13 bn to back both its gas and green agendas.<\/p>\n The Big Story Abroad-<\/p>\n Oil prices ticked up in Asia this morning after US forces tried to tighten their blockade <\/strong>of oil tankers coming into and out of Venezuela.<\/strong> The US coast guard is reportedly pursuing in international waters a tanker that was heading into Venezuela. The development comes barely two days after it raided a Panama-flagged ship and two weeks after it seized a third. <\/p>\n \n Watch this space-<\/p>\n <\/a> EXCLUSIVE<\/strong>- A proposed Logistics Zones Authority would manage, launch <\/strong>and award projects for logistics zones in <\/strong>Egypt<\/strong>, independent from the General Authority for Land and Dry Ports, a source from Egypt\u2019s transport sector told EnterpriseAM. The potential move \u2014 which is not final and is still being discussed inside the Transport Ministry \u2014 comes as the government has some 30 logistics zones to offer up to local and foreign investors, our source said. <\/p>\n The creation of the new authority would help streamline investments into logistics zones<\/strong>, as the authority would allocate land directly to investors and have the ability to draft flexible contracts suited to the nature of each zone, whether agricultural, industrial, or commercial, the source told us. <\/p>\n There\u2019s talk of more:<\/strong> Egypt and Tanzania are looking to set up reciprocal logistics zones in each country, according to a statement<\/a> from the Industry Ministry. The potential project would bring a Tanzanian logistics zone in Egypt and vice versa, and would be modeled after a similar agreement with Rwanda<\/a>, the statement says. <\/p>\n \n <\/a> PORTS<\/strong> \u2014 Kuwait enters China\u2019s Belt and Road <\/strong>Initiative<\/strong> with Mubarak Al Kabeer Port. <\/strong>Kuwait will sign<\/a> a KWD 1.2 bn (USD 3.97 bn) contract with the China Communications Construction Company (CCCC) next week to establish the first phase of Mubarak Al Kabeer Port, Reuters<\/a> reports, citing a government document it has seen. China had been aiming to link Kuwait to its Belt and Road plan. CCCC is expected to handle the engineering, procurement, and construction of the first phase, which the government previously announced<\/a> is almost halfway completed.<\/p>\n \n <\/a> <\/strong>SHIPPING<\/strong> \u2014 Maersk finally makes an appearance: <\/strong>Shipping giant Maersk\u2019s Sebarok ship passed through the Bab El Mandeb Strait and the Red Sea for the first time since the company stopped transiting the Red Sea route two years ago, the firm said on its website<\/a>. The company plans to gradually return to shipping along the East-West route through the Red Sea and the Suez Canal, \u201cassuming that security thresholds continue to be met,\u201d the company said, though it added that no further sailings are currently scheduled. <\/p>\n Will other shippers follow?<\/strong> The move comes on the heels of French shipping giant CMA CGM\u2019s rerouting<\/a> of its India America Express (Indamex) service through the Red Sea. The first vessel on the new program is set to arrive at the Suez Canal on 8 January 2026. <\/p>\n \n Market watch- <\/p>\n Oil <\/strong>prices rose this morning after an oil tanker was intercepted off Venezuela \u2014 raising <\/strong>concerns over oil supply, <\/strong>Reuters<\/a> reports. Brent crude futures increased by USD 0.46 to trade at USD 60.93 \/ bbl as of 04:00 GMT, while US West Texas Intermediate (WTI) rose USD 0.46 to USD 56.98 \/ bbl. <\/p>\n Baltic <\/strong>index slump continues: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <\/a>was down 2.3%<\/a> to 2,023 points on Friday. The capesize dipped 1.4% to 3,624, while the panamax index shed 4.8% to 1,323 points, and the smaller supramax index declined by 36 points to 1,222.<\/p>\n The <\/strong>Drewry World Container Index increased by 12% to USD 2,182 per 40-ft container on Thursday<\/strong>, according to the latest index readings<\/a>. Transpacific rates rebounded this week, recovering from a slump that had driven spot prices to their second-lowest point since January 2025. Freight costs from Shanghai surged, with rates to New York jumping 19% to USD 3,293 per 40-ft container, while Los Angeles-bound shipments saw an 18% increase to USD 2,474.<\/p>\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","protected":false},"excerpt":{"rendered":" What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[49,17,160,118,37,123,32,16,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91158","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-egypt","tag-enterprise-logistics","tag-kuwait","tag-maersk","tag-ports","tag-shipping-maritime","tag-trade","tag-what-were-tracking-today","tag-zones","wpautop","entry"],"acf":{"mongo_id":"1db90278-28e7-4fa6-a61c-97f0f61815d5","order":"2","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Egypt to keep FSRUs until 2030 in strategic energy pivot","related_issue":[91156],"teaser":"What we\u2019re tracking this morning regionally and around the world"},"yoast_head":"\n
\n
\n Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n