{"id":92145,"date":"2026-01-20T00:00:00","date_gmt":"2026-01-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2026\/01\/20\/today-voestalpine-lands-istanbul-high-bay-eur-41-mn-contract\/"},"modified":"2026-01-20T00:00:00","modified_gmt":"2026-01-20T00:00:00","slug":"today-voestalpine-lands-istanbul-high-bay-eur-41-mn-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/01\/20\/today-voestalpine-lands-istanbul-high-bay-eur-41-mn-contract\/","title":{"rendered":"TODAY: Voestalpine lands Istanbul high-bay EUR 41 mn contract"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folk. <\/strong>The news cycle is slowing down again, leaving us with a brisk read led by warehousing updates from Egypt and Turkey. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Istanbul, <\/strong>high-density, smart storage is increasingly becoming an attractive option for developers looking to tap the market amid rising rents and scarcity of land. Austria\u2019s Voestalpine EUR 41 mn contract to build a 40-meter-high automated, high-bay warehouse is a case in point for this trend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, <\/strong>Egypt is planning to triple its food storage capacity, as part of a new strategy to hedge against food market volatility. The shift will see Egypt move away from paper commodity ins. in favor of physical hoarding backed by big warehousing infrastructure builds across the country. <\/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\">The big logistics story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The chatter around the EU\u2019s potential reaction to the US\u2019s tariff threats over Greenland <\/strong><strong>tensions has extended to markets<\/strong>, with analysts now looking at whether European countries might go as far as selling off tns of USD in US bonds and stocks, potentially driving borrowing costs up and equities down, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-19\/-weaponizing-10-trillion-of-us-assets-is-tough-ask-for-europe?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>While analysts say this is an unlikely scenario given a lot of these assets are held by private funds, the fact that Deutsche Bank\u2019s chief global currency strategist is even discussing the \u201cweaponization of capital\u201d signals the current risks to markets amid ongoing geopolitical tensions and uncertainty courtesy of Trump. <\/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\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><a id=\"wwtt1\"><\/a> <strong>STORAGE \u2014<\/strong> <strong>Egypt is eyeing tripling its food storage capacity this year, <\/strong>as part of a change of strategy in the way it hedges food security risks, a senior government source tells EnterpriseAM. The plan will see Egypt move away from financial commodity ins. in favor of physical hoarding as a proactive risk management tool, expanding storage capacity from 1.8 mn tons to around 6 mn tons to insulate the budget from global price spikes, the source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>The state is moving to protect its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/cabinet-approves-next-fiscal-years-budget\/\" style=\"\" rel=\"noopener\">EGP 160 bn subsidy bill for commodities<\/a> for the current fiscal year, which is already up 20% from the last budget. By shifting from paper hedges (which carry high premiums) to physical hedges, the state is betting that it can manage volatility more cheaply \u2014 and keep inflation in check \u2014 by buying in bulk during troughs and storing the surplus in a new, private-sector-built infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Warehouses to accommodate the drastic increase in stockpiled commodities are already in <\/strong><strong>the works<\/strong>, with the government to take delivery of three massive strategic warehouses designed to extend the shelf life of strategic reserves \u2014 particularly wheat \u2014 to 9-10 months in the second quarter of the year. The three warehouses in Sharqia, Suez, and Fayoum are being developed under build-own-operate-transfer agreements by Orascom Construction, Hassan Allam Holding, and Sancrete, with investments totalling EGP 12 bn, we were told. The government is also accelerating the deployment of 40 smart silos before the spring procurement season. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>  SHIPPING \u2014 <\/strong><strong>Greece<\/strong><strong> joins KSA + US in anti-NZF push: <\/strong>The Greek government has <a target=\"_blank\" href=\"https:\/\/www.euractiv.com\/news\/athens-breaks-eu-ranks-to-side-with-us-and-saudi-arabia-in-green-shipping-row\/\" style=\"\" rel=\"noopener\">teamed up<\/a> with Saudi Arabia and the US against the International Maritime Organization\u2019s (IMO) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a73704f0-9a5f-4a01-859c-18404a0f2233\/%253cmark%253eimo%253c%2Fmark%253e%25e2%2580%2599s-new-rules-to-power-maritime-decarbonization,-but-low-green-fuel-supply-%2B-oil-prices-risk-limiting-its-power\" style=\"\" rel=\"noopener\">Net-Zero Framework (NZF)<\/a>, weakening the EU\u2019s ability to negotiate for the carbon levy as one bloc. Athens and Riyadh have agreed to submit a joint proposal on this issue to compete against the NZF, Greek Energy Minister Stavros Papastavrou reportedly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Greece <a target=\"_blank\" href=\"https:\/\/www.lloydslist.com\/LL1155198\/Furious-officials-consider-legal-action-after-Greece-and-Cyprus-break-EU-unity-at-IMO\" style=\"\" rel=\"noopener\">broke ranks<\/a> with the EU bloc last October by abstaining from an IMO vote that was then set to mint the NZF as the lay of the land for global shipping before Washington and several players from our region, including Riyadh, led a voting bloc that <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/10\/20\/today-dp-world-lands-stake-in-cement-logistics-s-oil-locks-in-bahri-for-key-crude-supply\/?repeat=w3tc\" style=\"\" rel=\"noopener\">postponed<\/a> the vote for 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>PROJECTS<\/strong><strong> \u2014 <\/strong><strong>Saudi<\/strong><strong> wagers SAR <\/strong><strong>bns<\/strong><strong> on rebuilds in Yemen:<\/strong> Saudi Arabia is set to rehabilitate Yemen\u2019s Aden International Airport and coastal roads networks as part of a SAR 1.9 bn development project initiative in Yemen, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiDRPY\/status\/2011827886127194293?s=20\" style=\"\" rel=\"noopener\">statemen<\/a><a target=\"_blank\" href=\"https:\/\/x.com\/SaudiDRPY\/status\/2011827886127194293?s=20\" style=\"\" rel=\"noopener\">t<\/a> released on X last week. The rehabilitation projects \u2014 implemented via the Saudi Development and Reconstruction Program for Yemen (SDRPY) \u2014 cover a total of 28 projects, spanning fuel supplies, hospitals, and schools. <\/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>Oil prices were up this morning amid signs of a weakened USD and market tensions <\/strong><strong>caused by the US-EU tensions over Greenland<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-gains-upbeat-china-data-greenland-spotlight-2026-01-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures were up USD 0.15 to trade at USD 64.09 \/ bbl as of 04:30 GMT, while US West Texas Intermediate (WTI) increased by USD 0.14 to USD 59.58 \/ bbl for February contracts and USD 0.06 to USD 59.40 \/ bbl for March futures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- Asian refiners appear to be ditching Abu Dhabi\u2019s flagship crude <\/strong><strong>Murban<\/strong>, as cheaper alternatives gain ground across the Asian slate, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-19\/oil-refiners-shun-uae-s-flagship-murban-for-cheaper-alternatives\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing traders. Murban\u2019s premium over Dubai crude hit USD 2.24 \/ bbl, more than 2x its end\u20112025 level, pushing refiners toward cheaper barrels. Upper Zakum, the UAE\u2019s medium-sour grade, was priced at a mere USD 0.10 premium over Dubai after trading at a markdown for most of the past two weeks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the change? <\/strong>This comes as Saudi Arabia ramps up medium-sour supply faster than peers, and refiners in Japan, South Korea, and India lean into Arab Medium and Arab Heavy, alongside Upper Zakum and Qatar\u2019s Al Shaheen, traders said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Baltic Index sees robust gains: <\/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\">climbed<\/a> 5.3% to 1,650 points on Monday. The capesize gained 8.1% to 2,403 points, while the panamax index saw increased by 4.3% to 1,521. Meanwhile, the smaller supramax index gained 3 points to hit 970.<\/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\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD<\/strong> <strong>213.5 bn<\/strong><strong> \u2014 that\u2019s the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ab8ef57c-66b6-456b-9c20-e5d8896fa759\" style=\"\" rel=\"noopener\">volume<\/a><\/strong><strong> of China\u2019s Belt and Road Initiative <\/strong><strong>financing in 2025<\/strong>, up from USD 122.6 bn in 2024. The energy sector led the surge, with USD 93.9 bn poured into oil, gas, and power. <\/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","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":92146,"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":[980],"tags":[49,17,31,123,207,16,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-egypt","tag-enterprise-logistics","tag-saudi-arabia","tag-shipping-maritime","tag-storage-warehouses","tag-what-were-tracking-today","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"748a63f3-5a71-4acd-81b5-36742c0d159f","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/1\/745.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Voestalpine lands Istanbul high-bay EUR 41 mn contract","related_issue":[92143],"teaser":"What we\u2019re tracking this morning regionally and around the world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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