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Cargo & Logistics Industry News

Danish freight forwarder DSV Panalpina DSV.CO said on Tuesday it had agreed to acquire the logistics division of Kuwait’s Agility Public Warehousing Co AGLT.KW in an all-share deal worth $4.1 billion.

Agility’s logistics unit had revenue of $4 billion last year, 80% of which…Read more

Emirates Steel, the leading integrated steel producer in the Middle East, and SAFEEN Group, the marine service arm of Abu Dhabi Ports, both part of ADQ, have announced the commencement of transshipment operations, as part of a 10-year agreement previously signed between the two parties in 2019. As per the agreement, SAFEEN will work closely with Emirates Steel to provide short marine shipping services for three shipments of iron ore per month and will be responsible for the purchase, rental, delivery, operation and maintenance of cargo ships, trailers, and unloading equipment for the premier steel manufacturer… Read more
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, witnessed the signing of an agreement between the RTA and Cruise, a leading US-based autonomous vehicle company, to operate self-driving taxis and ride-hailing services in the emirate. The agreement will make Dubai the first non-US city in the world where.. Read more
Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has selected Rom Top Aviation Ltd as its general sales agent (GSA) for the State of Israel. The appointment comes ahead of the 6 April launch of Etihad’s scheduled twice-weekly Abu Dhabi-Tel Aviv service and as official Israeli government figures point to rising trade with the UAE following the establishment of diplomatic relations between the two… Read more
LONDON — Shipping experts believe it could take days or even weeks to free the 224,000-ton vessel that is wedged across the Suez Canal, blocking one of the world’s busiest waterways since Tuesday. The Ever Given, a container ship almost as long as the Empire State Building is tall, ran aground on March 23 after being caught in 40-knot winds and a sandstorm that caused low visibility and poor navigation, the Suez Canal Authority (SCA) said in a statement. Authorities attempted to re-float the vessel Thursday morning but were not successful. Another attempt will be made later on Thursday, according to Bernhard Schulte Shipmanagement, the vessel’s technical manager…Read More
Al-Futtaim Logistics, a part of Al-Futtaim Group, has recently announced a major expansion of its food and beverage logistics services. The announcement comes as the company scales up its services to meet the needs of e-commerce and marketplace clients with all-inclusive last-mile home delivery solutions. Raman Kumar, Managing Director of Al-Futtaim Logistics said: “At Al-Futtaim Logistics, we are offering integrated F&B solutions, including….Read more
DP World Limited has announced robust financial results for the year ended 31 December 2020. On a reported basis, revenue grew 11.0% to $8,533 million and adjusted EBITDA grew 0.4% to $3,319 million with adjusted EBITDA margin of 38.9%. Revenue at $8,533 million grew 11% on reported basis supported by acquisitions and full year contribution from Topaz Energy & Marine and P&O Ferries. Maritime and Logistics revenue went up 33.2% while like-for-like revenue decreased by 7% and down 3.2% excluding one-off land sale in 2019. Like-for-like containerised revenue was up 1.8%… Read More
The World Logistics Passport (WLP), the first ever global freight loyalty programme launched under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum at the World Economic Forum in Davos last year has expanded into a global network of trade megahubs in 11 nations…Read more
DP World Berbera, a regional maritime hub in the Horn of Africa, today welcomed the arrival of three new ship-to-shore (STS) gantry cranes, as part of its current project to expand and further develop the Port of Berbera. The three cranes were brought to the port by the vessel Zhen-Hua 29, and were safely off-loaded in a meticulously planned exercise carried out by DP World Berbera’s management and engineering team… Read more
On Monday, 16 March 2020, Emirates flight EK 2503 took off from Dubai to Kuwait. Although operated on a Boeing 777-300ER passenger aircraft, EK 2503 carried no passengers but about 34 tonnes of bellyhold cargo that was urgently required in Kuwait. It was the first time in the history of its operations that Emirates had operated a cargo only flight on a passenger aircraft….. Read more
Leading provider of smart supply chain logistics DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, have signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to $1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia… Read More
Abu Dhabi National Oil Company (ADNOC) has claimed the title of the UAE’s most valuable brand, according to the latest report by Brand Finance – the world’s leading brand valuation consultancy. ADNOC has managed to successfully shelter its brand value during an incredibly challenging year for its industry, with only a 6% brand value loss to $10.8 billion, making it the most resilient of all National Oil Companies globally… Read More
New report by KPMG Lower Gulf captures evolving dynamics of the region’s maritime sector Port operators in the region are reimagining their operations, shifting to a broader concept of port-centric logistics, where they are part of a larger integrated ecosystem of global trade….Read more
Hutchison Ports Holdings (HPH) has taken steps to further strengthen its position in the Middle East region. The company has signed an agreement with the Royal Commission in Jubail and Yanbu, represented by the Jubail and Yanbu Industrial Services Company, for the Hong Kong-based global terminal operator to invest and operate JCPDI Port..Read more
Extending its global reach and service capabilities, ABB Marine & Ports is ramping up its presence with a new local division in Saudi Arabia. The move will strengthen ABB Marine & Ports’ ability to work closely with its growing client base in the country and reinforce efforts to enhance efficiency and sustainability in the shipping, ports and offshore sectors..Read more
Saudi Arabian shipping major Bahri has achieved an outstanding set of financial results for 2020. Net profits were up by a staggering 153 per cent compared with 2019, with revenues rising by 28 per cent over the same period..Read more
The CMA CGM Group, a world leader in shipping and logistics, is stepping up its strategic development in logistics by creating a specialised air freight division: CMA CGM AIR CARGO. This move into air freight strengthens the Group’s transport and logistics business, allowing it to offer its customers a new range of comprehensive, agile and customised solutions..Read more
Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia. Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn. The deal is the largest acquisition in K+N’s history and will make the company the largest forwarder in the airfreight market (see chart below), surpassing current market leader DHL Global Forwarding (GF). Apex generates yearly turnover in excess of $2.3bn and in 2020, the company handled total airfreight volume of approximately 750,000 tons and sea freight volume of 190,000 20ft container equivalent units (TEU).

Egypt is the latest country in the MENA region to announce that it is reopening airports to resume regular commercial flights, which will increase air freight capacity across the market.
Source: Logistics Middle East

The Sultanate of Oman has been operating services to over 85 sea ports at a capacity of 200 weekly shipping services to more than 40 countries worldwide.
Source: Logistics Middle East

The International Air Transport Association (IATA) says, due to the ongoing Coronavirus crisis there has been a drop in manufacturing and exports from China which will affect the demand for cargo in the Middle East.
Source: Gulf Times

The G20 member states and allied countries vowed to necessary steps to ensure uninterrupted flow of essential goods such as medical supplies to combat coronavirus.
Source: Saudi Gazette

In the wake of the global coronavirus pandemic, the Dubai Free Zone Council has waived 6 months rent for Companies operating in Dubai Airport Free Zone. This relief package aims to reduce operating costs and boost liquidity for companies operating in Dubai’s various free zones.
Source: LogisticsMiddleEast

In the wake of the global coronavirus pandemic, the Dubai Free Zone Council has waived 6 months rent for Companies operating in Dubai Airport Free Zone. This relief package aims to reduce operating costs and boost liquidity for companies operating in Dubai’s various free zones.
Source: Logistics Middle East

In the wake of the global coronavirus pandemic, the Dubai Free Zone Council has waived 6 months rent for Companies operating in Dubai Airport Free Zone. This relief package aims to reduce operating costs and boost liquidity for companies operating in Dubai’s various free zones.
Source: Logistics Middle East

A Saudi Arabia based retailer, BinDawood has seen a surge of 200% since the coronavirus outbreak. The firm’s representative said all their retail outlets in Saudi Arabia will remain open and tough measures of sanitization are being followed to keep the customers and staff safe.
Source: Arab News

Bahrain’s Gulf Air has airlifted food consignment from India to assist in the Kingdom’s national food security. The consignment was received by LuLu Hypermarket, a leading chain in the Middle East.
Source: Logistics Middle East

Emirates SkyCargo is scaling up its operations and a fleet of 11 freighters are working tirelessly to transport cargo across the global amid the Covid-19 outbreak.

Source: Logistics Middle East

Saudi Airlines has suspended its passenger operations due to the coronavirus outbreak. And increased the Saudia Cargo Services to Dubai and European ensuring essential cargo reaches its destination without interruption.
Source: ArabianBusiness

Emirates SkyCargo is scaling up its operations and a fleet of 11 freighters are working tirelessly to transport cargo across the global amid the Covid-19 outbreak.
Source: Logistics Middle East

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