Middle East Trade & Logistics

Middle East Trade & Logistics

It’s been a year of upheaval in the Middle East, and the outcome — regime change — is sparking optimism among trade analysts that some markets will become major growth markets for global trade. Nowhere is that more true than in Egypt, where the country’s new leaders are pursuing a more populist approach than their predecessors, who enacted a series of reforms that deregulated foreign trade, modernized banking and financial regulations, and reduced corporate taxes. And there’s still a chance that the United States might offer Egypt the opportunity to negotiate a free trade agreement.

Other countries are growing as well, in some cases becoming critical logistics markets. Companies such as DB Schenker, TALKE Logistics and Kuehne + Nagel are pumping millions of dollars into Saudi Arabia, and the government is funding major warehousing and transportation projects, including the $8 billion Prince Abdul Azis bin Mousaed Economic City. The United Arab Emirates, meanwhile, emerged over the last 20 years as the region’s main logistics hub, with Dubai Logistics City and the Jebel Ali Free Zone among the world's most innovative projects. But other emirates, including Abu Dhabi and Sharjah, also are investing heavily in infrastructure.

25 Jul 2015
As the container trade from Asia to the Middle East grows, Saudi Arabia is expanding the container-handling capacity of its ports, opening a new terminal at Dammam this spring.
27 Oct 2014
Revenue gained through Suez Canal tolls in September rose 6.3 percent year-over-year but fell 8 percent from August, suggesting freight growth on the Egyptian waterway might be slowing.
Construction underway at APT Terminals Izmir
12 Aug 2014
APM Terminals Izmir ordered three ship-to-shore quay cranes and 10 rubber-tire gantry cranes from ZPMC for its new container terminal at Turkey’s port of Petkim.
28 Apr 2014
A picket line established by independent truck drivers briefly shut down a container terminal at the Port of Long Beach today, but the impact was confined to one facility and was unlikely to result in terminal closures elsewhere in the harbor.
22 Jul 2013
Rapidly expanding Saudi Arabian Airlines released a new online service to improve procedures for shippers and forwarders
Russell J. Held, the Virginia Port Authority’s deputy executive director of development, and Peter Ford, CEO of the Port of Salalah, signed the memorandum of understanding in Portsmouth, Va.
15 Jul 2013
The Virginia Port Authority and the Port of Salalah have signed a memorandum of understanding to share information aimed at generating new business by promoting...
08 Jul 2013
Etihad Cargo expects to see strong cargo volume and revenue growth during the rest of 2013 despite the global downturn afflicting the air freight sector.
The new extension to Container Terminal 2 at Jebel Ali Port adds 1 million TEUs of capacity.
26 Jun 2013
The new extension to Container Terminal 2, operated by DP World at Jebel Ali Port in the United Arab Emirates, has officially opened with the arrival of the...
26 Jun 2013
Dubai International Airport in the United Arab Emirates moved 209,985 metric tons of freight in May, increasing 11.9 percent from 187,638 metric tons in May 2012.
21 May 2013
The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports.
10 May 2013
EmiratesSkyCargo’s revenue rose 8 percent to $2.8 billion in fiscal 2012/13 from a year ago as the fast-growing Middle East carrier expanded its network and added four Boeing 777 freighters to its fleet.
08 May 2013
Dubai World Central handled 53,974 metric tons of freight in the first quarter of 2013, a 7.8 percent increase from 50,062 metric tons in the first quarter of 2012...
Phase 1 of Abu Dhabi's Khalifa super port
02 May 2013
Abu Dhabi’s new Khalifa super port could eventually rival DP World’s neighboring Jebel Ali for Middle East container shipping hub status.
Containerized exports from the Indian subcontinent and the Middle East to Australasia/Oceania. Source: Container Trades Statistics
30 Apr 2013
Containerized exports from the Indian subcontinent and the Middle East to Australasia/Oceania extended to grow in February 2013, the 12th double-digit year-over-year increase in the past 14 months, according to data from Container Trades Statistics, Ltd.
29 Apr 2013
One of the Middle East’s most senior airline executives has dismissed claims that the three major Mideast airlines are growing more than other carriers operating in the region because of unfair advantages.
25 Apr 2013
DP World’s traffic declined 7 percent in the first quarter from a year ago, reflecting the sale of stakes in container terminals and lower volumes in all key markets except the Americas and Australia.
15 Apr 2013
Andrew Kemp, TT Club’s regional director of freight transport for Europe, the Middle East and Asia, has suggested that insurance brokers take note of the future of the Middle East, particularly Dubai in the United Arab Emirates.
11 Apr 2013
The Export-Import Bank of the United States and the Dubai Economic Council of the United Arab Emirates have signed a memorandum of understanding.
Containerized exports from the Indian subcontinent and the Middle East to Far East Asia. Source: Container Trades Statistics.
02 Apr 2013
Containerized exports from the Indian subcontinent and the Middle East to Far East Asia continued to fall steeply in January, dropping almost 25 percent from the same month a year ago, according to data from Container Trades Statistics, Ltd. Export volume in this trade lane was also down in 2012 by 9.3 percent over 2011. Other regions showed increases or less dramatic decreases, indicating a possible shift in ranking of trade partners over time.
26 Feb 2013
Improving U.S. and European consumer confidence was credited with rising demand for freight movements at Dubai International Airport last month.
07 Jan 2013
DP World’s Jebel Ali Port in the United Arab Emirates today celebrated the maiden visit of the world’s largest container ship, CMA CGM Marco Polo, a 16,020 20-foot-equivalent unit mega liner vessel.
17 Dec 2012
DP World’s flagship Jebel Ali terminal in Dubai has handled a record 500,000 automobiles so far this year, 21,000 more than in the previous full-year pre-recession peak in 2008.

Commentary

Intermodal service is sliding back downhill, and things could get worse if federal regulators slow down crude oil trains, a move that would take velocity out of the entire network.