{"id":95757,"date":"2026-05-12T00:00:00","date_gmt":"2026-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=95757"},"modified":"2026-05-12T06:04:46","modified_gmt":"2026-05-12T06:04:46","slug":"today-show-your-flag-and-you-may-just-pass","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/05\/12\/today-show-your-flag-and-you-may-just-pass\/","title":{"rendered":"TODAY: Show your flag and you may just pass"},"content":{"rendered":"

Good<\/strong> morning, friends.<\/strong> It\u2019s another morning of watching Hormuz and wondering whether oil tankers are moving \u2014 or sitting still. Elsewhere in the region, eight Egyptian sailors were kidnapped after the oil tanker M\/T Eureka was hijacked yesterday near Yemen and rerouted to Somali waters. Foreign Minister Badr Abdelaty tasked<\/a> Egypt\u2019s embassy in Mogadishu with coordinating efforts to secure the crew\u2019s release.<\/p>\n

Adding to the pressure on already jittery energy markets<\/strong>, Washington released 53.3<\/a>mn barrels of crude<\/a> from its Strategic Petroleum Reserve to help stabilize prices amid the Iran war, loaning supplies to nine companies, including ExxonMobil, Trafigura, and Marathon Petroleum.<\/p>\n

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<\/a> <\/p>\n

Riyadh to Mumbai. Abu Dhabi to Singapore. Dubai to London. Cairo to Shenzhen.<\/strong><\/p>\n

The most important business stories in MENA aren\u2019t happening inside MENA anymore<\/strong> \u2014 they\u2019re happening at the edges, where regional capital meets global ambition.<\/p>\n

EnterpriseAM MENA+ is our new flagship newsletter<\/strong>, built to cover the flows of capital, people, and ideas across the Middle East \u2014 and beyond it. AI, geopolitics, the war for talent, sovereign wealth strategy, the changing energy economy, and the new corridors reshaping global trade.<\/p>\n

Tap or click here to get your own copy<\/a><\/strong> delivered to your inbox every Monday, Wednesday, and Friday at 12pm UAE | 11am KSA | 11am Egypt.<\/p>\n

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Watch this space<\/p>\n

<\/a> REGASIFICATION \u2014<\/strong> Aqaba gets a fresh floating gas buffer:<\/strong> Jordan\u2019s National Electric Power Company (Nepco) signed<\/a> an agreement with US LNG infrastructure firm Excelerate Energy to lease a floating storage and regasification unit for the Sheikh Sabah LNG Terminal in Aqaba. The agreement comes before the current floating unit, Energos Force, expires at the end of June 2026.<\/p>\n

This is a bridge, not the final setup:<\/strong> The leased unit is meant to keep Aqaba running until Jordan completes its planned onshore regasification unit, which is designed to improve the efficiency and reliability of the country\u2019s gas import infrastructure.<\/p>\n

Why it matters:<\/strong> Aqaba is becoming more than a domestic supply valve, with Jordan supplying Syria with natural gas<\/a> through the Arab Gas Pipeline after importing and regasifying LNG at Aqaba. Similar arrangements<\/a> with Lebanon are being finalized.<\/p>\n

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<\/a> GROUND HANDLING \u2014 <\/strong>BAS<\/strong> takes its ground-handling play into Saudi:<\/strong> Bahrain Airport Services (BAS) is set to launch<\/a> operations in Saudi Arabia under BAS Saudi, establishing an Eastern Province base focused on ground-handling services.<\/p>\n

Why it matters:<\/strong> The move extends BAS beyond Bahrain International Airport into the region\u2019s rapidly expanding aviation market, with plans to pursue operating rights across multiple Saudi airports and explore windows in Oman for MRO and technical inspection services.<\/p>\n

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Market watch<\/p>\n

Oil prices rose nearly 1% this morning as fragile Iran talks kept supply fears alive<\/strong>, Reuters<\/a> reports. Brent crude futures increased USD 0.86 to trade at USD 105.07 \/ bbl by 04.11 GMT, while US West Texas Intermediate (WTI) gained USD 0.99 to USD 99.06 \/ bbl.<\/p>\n

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The Baltic Index rises once again: <\/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 3,031 points on Monday. The capesize increased 0.4%% to 4,976 points, while the panamax index gained 2.2% to 2,283. The smaller supramax rose 0.3% to 1,527 points.<\/p>\n

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Data point<\/p>\n

14.5 mn \u2014 that\u2019s the total cargo tonnage handled by Saudi ports in <\/strong>April<\/strong>, Mawani said on X<\/a>. Transshipments accounted for 130k TEUs during the month, while livestock volumes stood at over 830k heads. Passenger traffic totaled 70.7k, vehicle throughput reached 53.9k, and container volumes came in at 508.8k.<\/p>\n

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PSA<\/p>\n

Maersk<\/strong> rolls out a heavy-load fee on Asia-Europe boxes: <\/strong>Danish carrier Maersk is introducing<\/a> a heavy load surcharge on all 20-ft containers moving from East Asia to North Europe and the Mediterranean, effective 25 May. The fee is set at USD 400 per 20-ft container when the verified gross mass exceeds 25 tons. This will apply across all ocean products, including contract cargo, SPOT, and Maersk Go, among others.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/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 and Riyadh, and 10:15am in the UAE.<\/p>\n

EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities and Transmar.<\/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","protected":false},"excerpt":{"rendered":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":95758,"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":[980],"tags":[212,17,39,227,31,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-bahrain","tag-enterprise-logistics","tag-jordan","tag-lng","tag-saudi-arabia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"a4aeb37a-537c-4e3b-90f8-24c72f00e5a8","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/776.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Show your flag and you may just pass","related_issue":[95755],"teaser":"What we\u2019re tracking this morning regionally and around the world"},"yoast_head":"\nTODAY: Show your flag and you may just pass - 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