Infoblaze Middle East’s Post

AD Ports Signs Marine Lubricants Supply Deal With ADNOC. AD Ports Group’s Ports Cluster is expanding the scope of its business to include the supply of marine lubricants following a strategic agreement with ADNOC Distribution. Under the terms of the agreement, the Ports Cluster will distribute marine lubricants to customers in the UAE during initial stages, which will eventually be broadened to encompass the other regions worldwide. AD Ports Group ADNOC Group https://bit.ly/4aXpTJh #ADPortsGroup #ADNOCDistribution #MarineLubricants #PortsClusterExpansion #GlobalDistribution #StrategicAgreement #NewOpportunities #ValueAddedServices #MaritimeIndustry #GlobalPartnerships#GlobalPartnerships  

Bahri | البحري has recently finalized a deal worth nearly $1 billion for the acquisition of nine large oil tankers. The National Shipping Company of Saudi Arabia, also known as Bahri, has officially signed a purchase agreement for these Very Large Crude Carriers (VLCCs). Read more: https://buff.ly/3yZkUK2 #MarinerNews #ShippingNews #MaritimeNews #News #ShippingIndustry

Congratulations to Saudi Ports Authority and London Metal Exchange on the addition of Jeddah Islamic Port as an LME approved goods delivery point for Copper and Zinc making Saudi Arabia only the 15th country in the world with LME approved locations. The London Metal Exchange (LME) is the world’s premier trading platform for industrial metals, known for its robust market infrastructure, transparent trading processes, and global benchmark pricing. With a legacy dating back to 1877, the LME has been a cornerstone in the global metals industry, facilitating the exchange of contracts for metals such as aluminum, copper, and zinc. There is a stringent process in place for a location to be listed with the LME as an approved goods delivery point. As the Kingdom’s premier developer of state-of-the-art logistics real estate, we at LogiPoint are proud to have played our part in demonstrating the viability and suitability of Saudi Arabia’s warehousing infrastructure for LME. This strategic alliance marks a significant milestone in our journey towards achieving the Vision 2030 goals, as we work tirelessly to position the Kingdom as a premier global logistics hub. By joining forces with LME, Jeddah is poised to attract substantial investment from global exchanges, reinforcing our infrastructure and capabilities in the logistics sector. This partnership not only enhances the Kingdom's standing in the global metal supply chain but also opens new avenues for innovation and growth. It reflects our unwavering commitment to creating a robust, resilient, and future-ready logistics ecosystem that meets the evolving needs of the industry. We are excited about the opportunities this collaboration will bring and are confident it will contribute to the Kingdom’s economic diversification and sustainable development. Join us as we continue to drive excellence and set new standards in the logistics industry. #LogiPoint #LME #Vision2030 #Logistics #GlobalHub #Investment #SupplyChain #SaudiArabia #EconomicGrowth #Innovation #GlobalTrade #MetalIndustry #Sustainability #BusinessDevelopment #IndustryLeaders #FutureReady

#Egypt and the #UAE have joined in a strategic #partnership that sets the stage for the establishment of a cutting-edge #logistics #trading #zone in the #Mediterranean region, with investments projected to soar beyond US$3 billion, as announced by the Egyptian Cabinet. #transport #logistics #supplychain #logisticszone #trade #importexport #freetrade

Exciting News from #Iraq! 🚀 The Development Road Project is set to revolutionize trade with a cutting-edge corridor linking Al Faw port to Turkey and beyond into Europe. This initiative aims to slash transport times and costs, offering a faster route compared to the Suez Canal and potentially boosting global trade by 10-15%. Here's a glimpse of what to expect: 🌍 **Investment Overview:** - Estimated at 25 billion USD - Railway infrastructure accounts for 10 billion USD - Significant investments from Türkiye, UAE, and Qatar (5 billion USD each), with an 80% foreign investment share, notably from Gulf nations - Phase 1 budget set at 10 billion USD ⛽ **Oil & Gas Impact:** - Pipeline capacity of 1 million barrels per day - 1,000-kilometer pipeline supporting Iraq’s energy exports - Facilitating 2 million barrels of oil exports daily through Iraq's integrated pipeline network 🚛 **Logistics Advantages:** - Trade corridor spanning 1,500 kilometers from Basra to Türkiye - Connects Basra to London, creating a seamless route between the Middle East and Europe - Slashes shipping time by 10 days and reduces costs by 20-30% compared to the Suez Canal 🚢 **Maritime Development:** - Enhances Grand Al Faw Port capacity to 20,000 TEUs, positioning it as a top port in the Middle East - Anticipated annual port fees of $1 billion from the Grand Al Faw Port 🚆 **Railway Enhancements:** - Expected annual passenger capacity of 16 million - Boosts freight train load to 10,000 tons of cargo daily 🛣️ **Highway Milestones:** - Projected to handle 3 million vehicles annually once operational 2025 is shaping up to be a pivotal year, driving Iraq

SMS group is at the forefront of the GCC's transformative shift towards sustainability, working hand-in-hand with SULB to redefine industry standards. 🌿 Our collaboration has propelled SULB to extraordinary production levels of 144% in their melt shop and 120% in the heavy section mill, echoing our collective drive for operational #excellence and #environmental stewardship. 📈   Strategic and methodical, we jointly pinpoint areas for enhancement, prioritize them, and implement solutions that amplify value for both entities. This collaborative spirit is steering SULB towards achieving a significant reduction in emissions, aiming for a 35% cut from their 2015 levels by 2035.   As we navigate the path to a more sustainable and proficient steel industry, the strength of our #partnership is as evident as the quality of the steel we help produce. Together, we're not just adapting to change – we're driving it. 💪 #Innovate #SULB #SustainableSteel #Innovation #CollaborationExcellence #Bahrain   Read More : https://bit.ly/4dCtgXz

Hey LinkedIn! If you’re new to following me, I talk about #logistics, #shippingsolutions, #shippingworldwide, #shippingcontainers, and #warehousingservices. Egypt's Suez Canal Authority (SCA) announced an increase in transit fees by 5-15 percent starting as of 15 January 2024, according to a statement by the authority on Monday Suez Canal traffic resumes after two vessels come into contact: SCA Suez Canal growth boosts logistics industry in Egypt President Sisi reappoints Osama Rabie as Chairman of Suez Canal Authority A 15 percent increase in transit fees will be applied on crude oil tankers, liquefied petroleum gas (LPG) and liquefied natural gas (LNG) tankers, and passenger-car ships. A five percent increase will be applied on dry bulk ships, general cargo ships, and roll-on/roll-off ships. The SCA will exclude from the increase the container ships coming directly from northwest European ports and heading directly to Far Eastern ports. Increases in transit fees are typically based on factors such as fuel prices, ship volume, and provided services, Chairman of the SCA Osama Rabie stated in June. In January, the SCA raised transit fees by 15 percent for all vessels and 10 percent for dry bulk and cruise ships. During FY2022/23, Suez Canal revenues surged by 25.2 percent on a year-on-year basis to record $8.8 billion due to a 17.6 percent increase in the number of vessels passing through the canal in the same year, reaching about 26,000 vessels.

"Connecting the dots for a seamless supply chain."jana marine services @janamarineservices AlQahtani Holding Amazon Arcadis aramco #janamarineservices #supplychainmanagement #logisticssolutions #shippingindustry #shipment #containershipping #container #anasdigitalmarketing #export #import #warehouse #warehousemanagement #services #marineindustry #transportation 🚚 ✈ 🚢

ADNOC Distribution, the UAE's leading fuel and convenience store retailer, reported a robust 12.9% increase in net profit after tax, reaching Dh1.17 billion for the first half of 2024. This impressive performance highlights the company’s continued growth and resilience in a competitive market. Notably, if corporate tax obligations were excluded, the profit would have soared by 24.5%, hitting Dh1.29 billion. This demonstrates the underlying strength of ADNOC Group ADNOC Distribution’s business operations and its ability to drive profitability despite new tax regulations. The company's success reflects its strategic focus on expanding its footprint and enhancing customer offerings, reinforcing its position as a key player in the region’s fuel and retail sectors. #ADNOCDistribution #FinancialResults #UAE #RetailGrowth #ProfitIncrease #CorporateTax

The legal dispute regarding the $124 million transaction of the GP Global Fujairah Terminal is ongoing. This terminal, located in Fujairah, has a storage capacity of 412,000 cubic meters, consisting of 17 tanks for products and two additional tanks for utilities. Read more: https://buff.ly/3Y1m2qA #MarinerNews #ShippingNews #MaritimeNews #News #ShippingIndustry