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FedEx invests $350m in air, ground regional hub at DWC

Here’s why FedEx has invested $350m in Dubai logistics hub

The 57,000-square-metre facility incorporates advanced technologies that include automated sort systems to enhance the efficiency

Red Sea

Red Sea tensions: Cargo ship abandoned after Houthi Attack

The crew abandoned the ship early on Monday after seeking assistance from Djibouti authorities

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports Group sees profits soar to Dhs1.36bn in 2023

Revenue growth was driven by the Maritime & Shipping (M&S), Ports, Logistics, and Digital Clusters, with M&S contributing the most

DP World Marine Services opens new columbia-panama route Image DP World

DP World Marine Services launches new Colombia-Panama route

The new service marks the 19th shipping route launched globally by the company since October 2022

aramex

Aramex reports strong financial performance with 2x growth in Q4 2023 net income

While Aramex’s international express unit witnessed remarkable growth in shipment volumes and revenue, other business segments experienced softer performance

Aldar to invest $$111m in Europe logistics and storage assets

Aldar, Carlyle to co-invest $111m in Europe logistics and storage assets

The developer will take a majority stake in a co-investment platform, which includes a portfolio of 14 warehouses in the UK

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

AD Ports’ Maqta Gateway acquires 60% stake in Dubai Technologies

The solution is expected to be a great addition to Maqta Gateway’s in-house single window offering for ports’ digitalisation

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

AD Ports, Karachi Port Trust expand operations in Pakistan

UAE’s AD Ports signs 25-year concession deal with Karachi Port Trust

Karachi Gateway Terminal Multipurpose, a joint venture between AD Ports and Kaheel Terminal, will take over East Wharf’s existing operations as part of the deal

Red Sea shipping

Red Sea tensions to drive ocean freight shipping rates up by 243%

While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed

7x - emirates post

7X: Emirates Post reveals new corporate identity

The nomenclature ‘7X’ represents seamless connectivity of the seven emirates to the seven continents and across the seven seas

UK Foreign Secretary David Cameron

UK Foreign Secretary David Cameron in Oman as Red Sea tensions escalate

His visit to Muscat follows regional travel last week where he met with leaders in Israel, Qatar and Turkey

Abu Dhabi: KEZAD's Dhs621m injection to supercharge warehousing sector image Kezad

Abu Dhabi: KEZAD’s Dhs621m injection to supercharge warehousing sector

 KEZAD Group has commenced construction of the new phases in light of strong demand for warehousing and other prebuilt facilities across Abu Dhabi, in both free zone and domestic industrial areas

AD Ports Group to digitalise Aqaba port operations

AD Ports Group’s Maqta Gateway to digitalise Aqaba port operations

The implementation of port community system marks the first ever export of Abu Dhabi’s key port digitalisation solution

Etihad Cargo, Abu Dhabi Airports, Abu Dhabi Food Hub to set up air corridor for food trade image Getty Images

Abu Dhabi moves to bolster air corridor for food trade

The launch of the Fresh Corridor 2.0 will encourage two-way food trade between the UAE and the rest of the world bringing food products into the UAE

Mawani posts 12.07% surge in container handling

Saudi Arabia’s Mawani posts 12.07% surge in container handling

The authority achieved its highest-ever monthly container handling statistics in May 2023, with an 18.8 per cent increase in containers handled at its ports

AD Ports Group creates Khalifa Port drydocks

UAE’s AD Ports Group to support cruise tourism in Egypt  

The collaboration will see AD Ports Group investing $3m over 15 years in the management and operation of the three cruise terminals to provide new services, improve access for cruise operators and add new itineraries

Red Sea

World’s shipping costs skyrocketing because of Red Sea woes

Container and freight costs are starting to surge owing to the challenges being experienced in the Red Sea

Another country added to UAE’s banned ships list

Ships flying the Cameroon flag have been added to a list of banned vessels by the UAE

Aramex, Odys Aviation to explore unmanned aerial vehicle cargo delivery Image Aramex

Aramex, Odys Aviation to explore unmanned aerial vehicle cargo delivery in region

The partnership will enhance Aramex’s operations in the UAE, Oman and further afield

ALDAR LOGISTICS

Aldar Properties invests Dhs1bn to expand logistics portfolio

The developer has acquired 7 Central logistics hub from Seven Seas Steel Industries in Dubai Investments Park, with an adjacent plot to build further logistics

suez canal

Shipping traffic through Suez Canal down 20% due to Middle East tensions

The Suez Canal is an important source of dollar revenues for Egypt

red sea

How could Red Sea tensions affect oil and gas shipping?

About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023

Noatum acquires APM Terminals Castellón for EUR10m

AD Ports Group’s Noatum acquires APM Terminals Castellón for EUR10m

The deal allows Noatum Terminal Castellón to expand its operational capacity for bulk, general cargo, and container processing

AD Ports Group to operate Egypt’s Safaga terminal

AD Ports signs concession deal to operate Egypt’s Safaga terminal

The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres

Saudi’s Mawani inks four contracts worth SAR1bn

Saudi Arabia’s Mawani signs four contracts worth SAR1bn

The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services

DP World to move headquarters to Expo City Dubai

DP World to relocate global head office to Expo City Dubai

The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio

Maersk

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

DP World, IRENA sign agreement to decarbonise ports and maritime and logistics sector Image WAM

Dubai’s DP World, IRENA to decarbonise ports, maritime, logistics sectors

DP World has committed to becoming carbon neutral by 2040 and net zero carbon by 2050

Dubai Customs notches up 13% surge in transactions

Dubai’s reputation as one of the top global shipping hubs is further entrenched amid a rise in customs transactions this year.