{"id":94464,"date":"2026-04-07T00:00:00","date_gmt":"2026-04-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=94464"},"modified":"2026-04-07T06:31:25","modified_gmt":"2026-04-07T06:31:25","slug":"today-non-oil-pmis-signal-slowdown-across-the-region","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/04\/07\/today-non-oil-pmis-signal-slowdown-across-the-region\/","title":{"rendered":"TODAY: Non-oil PMIs signal slowdown across the region"},"content":{"rendered":"

Good<\/strong> morning, friends. <\/strong>It is yet another morning led by the impact of regional disruptions \u2014 but this time, on our region\u2019s economy, where non-oil activity weakened in March as tensions rose and demand softened. <\/p>\n

Also in today\u2019s issue: <\/strong>We dive into the Egyptian government\u2019s latest efforts to ensure the oil keeps flowing \u2014 with Egypt buying up 3% of Libya\u2019s monthly oil production.<\/p>\n

\n

The big logistics story abroad<\/p>\n

US-Iran talks haven\u2019t made much headway yet. <\/strong>US President Donald Trump shut down<\/a> Iran\u2019s 45-day ceasefire proposal, which he criticized for being \u201cnot good enough.\u201d Trump warned<\/a> that every bridge in Iran could be destroyed if a resolution \u2014 that reopens the Strait of Hormuz \u2014 was not reached by later today. \u201cThe entire country can be taken out in one night,\u201d Trump said<\/a> during a news conference yesterday.<\/p>\n

\n

Watch this space<\/p>\n

<\/a> <\/strong> LNG \u2014 Two Qatari LNG tankers edge toward Hormuz: <\/strong>Al Daayen and Rasheeda \u2014 both loaded in late February \u2014 headed toward the strait before pulling back near Oman, leaving the market watching for what would be the first successful LNG export out of the Gulf since the war began, Bloomberg<\/a> reports, citing ship-tracking data. One vessel is signaling China, but destinations can change at any point. <\/p>\n

No clear restart yet:<\/strong> No loaded LNG cargo has made it through since the strikes began \u2014 and this still doesn\u2019t look like a breakout. The only recent transit<\/a> was an Oman-linked tanker that appeared to be empty, highlighting that flows remain effectively stalled despite limited vessel movement. <\/p>\n

REMEMBER- The data itself comes with caveats \u2014 and that matters for how the market <\/strong>reads this. <\/strong>Vessel tracking in the Gulf is degraded by electronic interference and deliberate AIS shutdowns in high-risk waters, meaning observed movements can lag reality or misrepresent positioning.<\/p>\n

\n

\n

<\/a> <\/strong>PORTS \u2014 East Port Said port received the largest dry bulk vessel <\/strong>ever to berth at an <\/strong>Egyptian port<\/strong>, according to a statement<\/a> by the Suez Canal Economic Zone. The MV Paroship vessel arrived at the Sky Ports multipurpose terminal carrying around 180k tons of cargo from Mauritania, compared to the roughly 165k tons carried by the largest capesize vessel previously received there.<\/p>\n

Why it matters:<\/strong> The vessel\u2019s arrival signals that the port is pushing beyond its container-hub profile and into heavier bulk handling. In an effort to position itself as a regional trade and logistics hub, Egypt is upgrading its port infrastructure to receive more types of vessels and greater quantities of cargo.<\/p>\n

\n

\n

<\/a> TRADE \u2014 <\/strong>Iraq is reopening the taps, but buyers are in doubt:<\/strong> Iraq has notified<\/a> traders and refiners that they can lift crude again, with vessels now able to transit Hormuz under Iranian exemption. State marketer Somo requested lifting schedules, including vessel details and volumes, and says all loading terminals \u2014 including Basrah \u2014 are fully operational. <\/p>\n

The market isn\u2019t fully buying it:<\/strong> While Iraq typically sells on an FOB basis, leaving refiners to secure their own tankers, Asian buyers are now probing for clarity on conditions \u2014 including whether Iraq would step in with its own fleet to de-risk shipments. <\/p>\n

One already passed:<\/strong> The Turkish-owned<\/a> tanker, Ocean Thunder, successfully passed the strait loaded with 1 mn barrels<\/a> of Basrah crude headed to Malaysia. <\/p>\n

Elsewhere in Asia, gov\u2019ts are stepping up oil-security res<\/strong>ponses<\/strong>: South Korean presidential chief of staff Kang Hoon-sik is heading to Saudi Arabia to secure crude oil and naphtha supplies, Reuters<\/a> reports. He kicks off his trip, which will also see him land in Kazakhstan and Oman, later today. Seoul relies on the Strait of Hormuz for over half of its crude imports.<\/p>\n

\n

Market watch<\/p>\n

Oil<\/strong> prices rose this morning as US President Donald Trump escalated threats against Iran <\/strong>over reopening Hormuz<\/strong>, Reuters<\/a> reports. Brent crude futures climbed USD 0.57 to trade at USD 110.34 \/ bbl by 12.02 GMT, while US West Texas Intermediate (WTI) gained USD 1.26 to USD 113.67 \/ bbl.<\/p>\n

\n

\n

The Baltic Index <\/strong>maintains rising<\/strong> trajectory: <\/strong>The Baltic Exchange\u2019s dry bulk index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 1.8%<\/a> to 2,066 on Tuesday. The capesize jumped 2.1% to 3,086 points, while the panamax index rose 1.5% to 1,784. The smaller supramax advanced 1.2% to 1,224 points.<\/p>\n

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***<\/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, 10:15am in Riyadh, and 11:15am in the UAE.<\/p>\n

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What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":94465,"comment_status":"closed","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":[980],"tags":[49,17,119,35,314,983,31,123,32,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-egypt","tag-enterprise-logistics","tag-iran","tag-iraq","tag-libya","tag-oil-gas","tag-saudi-arabia","tag-shipping-maritime","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"87ce2760-87ed-4a79-9d66-e65e59bc4fa9","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/4\/328.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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