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Logistics

Logistics news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Agility has developed more than 1 million sq m of land, warehousing and logistics infrastructure in Saudi Arabia

Earnings at Kuwait’s Agility rise 22% to $61m in 2024

Kuwait-based logistics specialist Agility said first-quarter 2024 earnings rose 22 percent year on year to KD18.7 million ($61 million) Revenue increased nearly 5 percent year on year to KD336 million, the company said in a statement published on Boursa Kuwait. The company reported an operating cash flow of KD26 million for the first quarter. Assets stood at […]

Dual-fuel container ship Ane Maersk leaves Hamburg on its maiden voyage Video length: 03:53

Shipping needs cheaper green methanol for its route to net zero

Higher costs and undersupply remain the biggest concerns for shipping companies seeking to reduce their greenhouse gas emissions by switching to green methanol.  Danish logistics company Maersk has ordered 25 vessels that can run on sustainably produced e-methanol. Its first large methanol container ship, Ane Maersk, arrived at Jebel Ali port in Dubai last week. […]

Dubai-headquartered DP World has invested over €250 million in Romania since 2004, including grants from the EU

DP World’s $142m projects enhance Romania’s trade links

The global ports operator DP World has opened three new sites in Romania with an investment of €130 million ($142 million), enhancing the country’s growing status as a key trade hub in Europe.  Two new facilities were opened in Constanta, the largest container port on the Black Sea, following a €65 million investment. These include a five-hectare cargo […]

Dnata staff load cargo into a plane at Cointrin Airport in Geneva. The company's expansion into Rome will need a €20 million investment

Dnata CEO confident of victory in Rome airport case

The group CEO of Dnata, the Dubai-based global air and travel services provider, is “very confident” the company will soon begin operations in Rome. “We’re certainly planning to be operating this year,” Steve Allen told AGBI at a media event on Tuesday, referring to an appeal ruling on the decision to award ground-handling contracts due […]

Boat, Transportation, Vehicle

AD Ports Q1 revenue doubles on robust business growth

Revenue for the first quarter of 2024 at the UAE’s AD Ports Group more than doubled year on year to AED3.9 billion ($1.1 billion). The topline was supported by its maritime and shipping, ports and logistics divisions. Mergers and acquisitions, including that of Spanish integrated logistics company Noatum and Dubai container shipping company Global Feeder […]

Architecture, Building, Factory Parkin said total revenue rose 8 percent to AED215.3 million, supported by an increase in public parking revenue parking cars motoring

Q1 profits rise 5% at Dubai’s Parkin

The Dubai government’s parking management company Parkin reported a 5 percent increase year on year in net earnings for the first quarter of 2024. This is despite the introduction of a 9 percent standard corporate tax from January this year. Net profit rose to AED103.7 million ($28.2 million) in January to the end of March, […]

A view of the 'command centre' at Adnoc headquarters. Adnoc L&S serves more than 100 customers worldwide, including Adnoc

Adnoc Logistics & Services first-quarter profit up 34%

Adnoc Logistics and Services – a subsidiary of Abu Dhabi National Oil Company – reported a 34 percent year-on-year increase in net profit to $194 million (AED712 million) in the first quarter of the year. Its revenue rose 42 percent year on year to $840 million in Q1, while EBITDA increased 44 percent to $286 […]

Maersk CEO Vincent Clerc. The company said its vessels are now using 40 percent more fuel per journey

Red Sea disruption to hit capacity by 20% says Maersk

Danish shipping major Maersk expects Red Sea disruption to lead to a 15 to 20 percent industry-wide capacity loss on the Asia to North Europe and Mediterranean routes in the second quarter of 2024. The complexity of the situation in the Red Sea has intensified over the last few months, the company said in an […]

Freight trains on the Oman-UAE rail network will reach 120 km per hour, while passenger trains will reach 200 km per hour

Work to start on $3bn Oman-UAE rail network

Work will soon start on the $3 billion Hafeet Rail, a railway network between Oman and the UAE, local media has reported. The railway line will include two 2.5 km long tunnels and 36 bridges, Oman Daily Observer reported, citing Abdul Al Hatmi, CEO of Asyad Group. Oman Rail, part of Asyad Group, and the UAE’s Etihad […]

Mukesh Ambani, chairman and managing director of Reliance Industries which will receive the investment from AIDA and US-based KKR

Abu Dhabi’s ADIA invests in Indian warehouses

The Abu Dhabi Investment Authority (ADIA) and the US-based private equity firm KKR have invested INR 12,000 crore ($1.5 billion) in India’s Reliance Retail Ventures’ warehousing assets.  Both companies have invested equal amounts in Reliance Logistics and Warehouse Holdings (RLWH), The Economic Times, an Indian financial daily, reported, citing informed sources.  RLWH was established in […]

The Gulf Islamic Investments logistics real estate platform owns 1.5m square feet of high-quality warehouses in the UAE

Canada’s Brookfield invests in UAE warehouse sector

Canadian company Brookfield Asset Management has acquired a controlling stake in a portfolio of warehouses owned by the UAE’s Gulf Islamic Investments (GII), as it takes advantage of continuing growth in the region’s e-commerce sector. The value of the deal was not given. The portfolio includes 1.5 million square feet of high-quality warehouses across the UAE.   […]

Dammam logistics port from air

Major logistics centre planned for Saudi’s third city

A major logistics centre is planned for Dammam in Saudi Arabia’s Eastern Province that will be connected to an expanded Dammam port and a new city metro system.  The regional logistics centre in Dammam, Saudi Arabia’s third largest city, will cover eight square kilometres and account for 55 percent of the Eastern Province’s targeted logistics […]

An Emirates Boeing 777-300R. The Morocco facility will convert passenger planes to cargo

Boeing plane conversion facility to be built in Casablanca

A production facility is to be set up in Morocco to convert Boeing 777-300ER passenger jets into freighters. Stratos Industries will build three wide-body aircraft hangars at the Mohammed V International Airport in Casablanca as part of a deal between US-based companies Kansas Modification Center (KMC) and Integrated Aerospace Alliance (IAA). KMC will convert up […]

The signing ceremony for AD Ports Group's Luanda Port agreement. The 20-year deal is extendable by another 10 years

AD Ports commits $250m to Angola port upgrade

Abu Dhabi Ports Group is investing more than $250 million in a project to upgrade the port terminal at Luanda in Angola.  The company said it hd secured a 20-year concession agreement, extendable by another 10 years, with the Luanda Port Authority for operating and modernising the terminal. In agreements with the Angolan logistics companies […]

The 2020 explosion caused $15bn of damage and reduced the port's capacity

Beirut bids to reclaim its regional shipping crown

The ruined grain silos that absorbed much of the Beirut Port blast still stand as a monument to Lebanon’s misery during the past four years.  Much of the debris, scattered across the old port and lying on the seabed, remains unmoved from where it fell on 4 August 2020, when 2,750 tonnes of ammonium nitrate […]

A worker at Al Faw Grand Port. The Development Road project aims to connect the port with Turkey

Gulf to collaborate on $17bn Suez Canal road and rail rival

The $17 billion “Development Road” project is moving ahead after the UAE, Iraq, Qatar and Turkey signed a quadrilateral cooperation agreement.  The road and rail collaboration aims to tie the Al-Faw Grand Port in Iraq’s oil-rich south to Turkey, thereby shortening travel time between Asia and Europe in a bid to rival the Suez Canal. […]

Abu Dhabi’s non-oil trade rises 8% as economy expands

Non-oil foreign trade through Abu Dhabi ports grew 8 percent to AED282 billion ($77 billion) in 2023 from AED260 billion in 2022, as the UAE’s economic diversifation plans continue to bear fruit. Imports grew by 19 percent year on year, reaching AED136 billion, the UAE state-run Wam news agency reported, quoting Abu Dhabi Customs data. […]

A container vessel passes through the Suez Canal. Global supply chain volatility is falling, according to the latest data

Transportation costs fall as Suez disruption eases

Global transportation costs fell last month to their lowest level since December as the diminishing impact of Suez Canal disruption led container rates to decline.  Latest data shows no discernible impact on supplies from either the Red Sea attacks or from reduced capacity on the Panama Canal, with businesses adjusting to longer delivery schedules. The […]

Egypt's logistics corridors will link its Red Sea ports with those on the Mediterranean coast

Egypt building seven logistics corridors says minister

Egypt is building seven integrated logistics corridors as part of its plan to become a regional centre. The logistics corridors are under construction and will connect production facilities with ports, Egypt Today newspaper reported, quoting transport minister Kamel El Wazir. The corridors are located in Sokhna/Alexandria, Arish/Taba, Cairo/Alexandria, Tanta/Mansoura/Dameitta, Gargoub/Salloum, Cairo/Aswan/Abu Simbel, and Safaga/Qena/Tartour, the […]

Saudi ports Jeddah

Volumes up at Saudi ports in spite of Red Sea attacks

Container volumes at Saudi Arabia’s ports were up last month compared to March 2023 despite continuing attacks on shipping in the Red Sea, data from the kingdom’s ports authority shows. The Saudi Ports Authority, known as Mawani, oversees 10 ports. These include facilities in Jeddah, Yanbu and Jazan on the country’s Red Sea coast, and […]

The international transport network of Ekol Logistics had a revenue of €470m in 2023

DFDS acquires transport network of Turkey’s Ekol

The Danish shipping and logistics company DFDS is to acquire the international transport network of Turkey’s Ekol Logistics for 1.9 billion crowns ($277 million). The acquisition will add road transport to its Mediterranean ferry network, DFDS said. DFDS’s chief executive, Torben Carlsen, said his company believed Turkey’s role as a manufacturing hub for Europe “will become […]

An artist's impression of the new Casablanca cruise terminal to be operated by a consortium led by the UK's GPH

UK’s Global Ports to operate Casablanca cruise terminal

A consortium led by British cruise operator Global Ports Holding (GPH) has secured preferred bidder status for operating a new cruise terminal in Casablanca. The consortium was awarded a 15-year concession agreement with Morocco’s state-owned Agence Nationale des Ports (ANP). The consortium and ANP are working towards finalising the concession terms, the London stock exchange-listed […]