Trade & Logistics News

Jebel Ali Port / DP World ... Through an automotive’s eye

Jebel_Ali_Port_and_DP_World__Through_an_automotives_eyeAl Ghandi Auto is one of the largest automotive industry organizations in the Middle East region; comprised of 5 divisions, offering Automotive, Industrial machinery and equipment, car rental & leasing services, and vehicle testing facilities. As for the Automotive Division, it consists of the franchises of GMC / Chevrolet / Fiat / Lancia/ IVECO / Proton &SSang Yong.

Read more...

Freight rates escalates by more than 100%

Freight_rates_escalates_by_more_than_100Dubai, April, 2012: There are challenging times ahead for the building materials industry in the UAE despite growing demand from the construction industry, according to Danube Building Materials, one of the largest building materials company in the region.

Read more...

DP World to open London Gateway port by end of 2013

DP_World_to_open_London_Gateway_port_by

 

Dubai-based DP World plans to open the new £1.5bn London Gateway port on the Thames Estuary by the fourth quarter of 2013.
 
London Gateway will reportedly create an extra 1,000 jobs over the coming months – 700 for construction workers and a further 300 new port. The UK-listed company, which is controlled by Dubai’s ruler Sheikh Mohammed, finally set a deadline for the first ships to dock at the new port, which has been more than a decade in the planning. It also said it would create an extra 1,000 jobs over the coming months – 700 for construction workers and a further 300 new port staff. When complete, the project is expected to produce 12,000 direct jobs and a further 24,000 indirect posts in the wider community.

Read more...

Aramex records strong second quarter net profit

Aramex_records_strong_second_quarter_net_profitGlobal logistics and transport company Aramex, has announced its fiscal second quarter net profit rose to approximately US$17.8 million, reports Gulf News.That figure is up from approximately $16.8 million in the corresponding period last year.

"Aramex's second quarter net profit exceeded our expectations," an analyst at EFG-Hermes told Gulf News.The firm has increased its asset share during the six months ending June 30, acquiring a controlling stake in two African based freight forwarding companies.Despite the results, Aramex's shares fell yesterday closing 0.54 per cent lower at Dh1.83 on the Dubai Financial Market (DFM).

Source : Arabian supplychain

Caterpillar unit receives UAE locomotive order

The UAE's Etihad Rail has ordered seven locomotives for delivery by 2012 from Electro-Motive Diesel (EMD), a unit of Caterpillar Inc, Reuters has reported. The deal is part of plans by the state-owned firm to complete the country's Dhs40bn ($10.9bn) rail project in the next seven to eight years, and later link it to other regional lines in the Gulf region. Etihad Rail, 70% owned by Abu Dhabi's government and 30% by the UAE federal government, plans to develop a 266-km route for trains transporting up to 22,000 tonnes of granulated sulphur daily from sources in Shah and Habshan for export abroad at the port of Ruwais.

Source: AMEinfo

Logistics activity fuels UAE economic growth

Logistics_activity_fuels_UAE_economic_growthIncreased activity from the logistics industry is fuelling an economic recovery in the UAE, reports Gulf News.Pointing to figures released by the Institute of International Finance (IIF), the UAE’s gross domestic product has been revised to 4.4 per cent, from its earlier forecast of 3.8 per cent.

Read more...