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Good morning, friends, and happy new year. We ring in 2024 with a packed issue, with our biggest story of the day being the updates on the tumultuous events in the Red Sea. Let’s dive in. THE BIG LOGISTICS STORY- Maersk has paused Red Sea sailing for 48 hours after one of its vessels came […]
Author Archives: enterpriseam
Posted inDISRUPTION WATCH
Maersk reconsiders decision to ramp up Red Sea transit as Houthi attacks continue
The US is contending with “no shows” for its Red Sea naval coalition
Posted inSHIPPING + MARITIME
AD Ports secures concession for multi-purpose terminal at Egypt’s Safaga Port
The agreement will see AD Ports pour USD 200 mn into developments at the port
Posted inM&A WATCH
GulfNav fully acquires subsidiary Gulf Navigation Polimar + submits Brooge acquisition structure proposal
The company fully acquired its marine services subsidiary for USD 1 mn
Posted inDIPLOMACY
GCC, South Korea ink trade agreement + UAE, Congo wrap CEPA talks. PLUS: More from KSA and Iraq
GCC + South Korea ink trade agreement: Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi and South Korean Trade Minister Ahn Dukgeung have signed a trade agreement aimed at boosting trade exchange and economic diversification between South Korea and GCC countries, according to a statement. The 18-chapter agreement covers government procurement, digital […]
Posted inMOVES
The Suez Canal Authority appoints new members to its board
Suez Canal Authority head Ossama Rabie has appointed new members to the authority’s board for directors effective 1 January, according to a statement. Rabie also extended the service of several other board members. The appointments includeAboul Fotouh Farag as director of personal affairs; Yasser El Shishingy as director of communications and information systems department;Ahmed Abdel […]
Posted inALSO ON OUR RADAR
Bahri to become SAR’s primary freight forwarder + Qatar Energy to sell oil for five years to Singapore. PLUS: More from Iraq, Iran, Jordan, Saudi Arabia, UAE, Oman and other aviation news
FREIGHT FORWARDING- Bahri Logistics to provide freight forwarding for SAR:National Saudi shipping firm Bahri subsidiary Bahri Logistics will become Saudi railway operator Saudi Arabia Railways ’ (SAR) primary freight forwarding services provider, under a three-year agreement the two companies inked, according to a press release. Bahri Logistics will handle SAR’s exports and imports. ALSO FROM […]
Posted inCALENDAR
JANUARY9-11 January (Tuesday- Thursday): Dubai International Pharma and Technologies Conference and Exhibition, Dubai World Trade Centre, UAE.12-14 (Friday-Sunday): 2024 5th International Conference on Supply Chain Management (ICSCM2024), Singapore.23-25 January (Tuesday-Thursday): Transport Middle East 2024, Intercontinental Abu Dhabi, UAE.FEBRUARY5-7 February (Monday-Wednesday): Middle East Bunkering Convention 2024, DoubleTree Hilton, Dubai, UAE.6-7 February (Tuesday-Wednesday): The Middle East ProcureTech […]