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Aramex signs Vodafone Malta deal
Arab logistics company Aramex has signed an agreement with Vodafone Malta to manage its logistics on the island. Under the deal, the Dubai Financial Market-listed Aramex will provide a range of logistics services, including express and freight shipping, inventory management, and provision of warehouse space within its logistics centre located at Mriehel Industrial Estate in Malta.
Ramadan train service launched in Jordan
Jordan's Public Transport and Regulatory Commission (PTRC) and Jordan Hijaz Railway will launch a train service on a daily basis between Amman and Zarqa during Ramadan, the Jordan Times has reported. The measure seeks to reduce traffic jams during the holy month, PRTC has said.
Agility launches Dubai Container Freight Station
Kuwaiti logistics company Agility has launched its new Container Freight Station (CFS), a consolidation and redistribution service, from its hub in Dubai. The service will be offered to all shippers and consignees who have shipment of less than a container load, the company said.
All systems go for Dubai Metro
The Dubai Roads and Transport Authority has inspected the work progress in Dubai Metro in a recent tour to Al Rashidiya, City Center, Union Square, Financial Center, Mall of the Emirates and Jumeirah Lakes metro stations. The inspection was done by RTA Chairman and Executive Director Mattar Al Tayer, checking on the final touches and finishing works of the floors, functionality of escalators and lifts, and interior lighting. Inspections were also done on tailor-made features for people with special needs such as tactile floor designed to guide visually-impaired passengers to their destinations, as well as audio-visual PA systems.
Agility Q2 net profit 8%
Kuwaiti logistics firm Agility has posted an 8.3% rise in second-quarter net profit. The company's net profit in the three months to June 30 was KD38.04m ($132.9m), up from KD35.12m in the same period a year earlier.
Qatar's Nakilat starts ship building operation
Qatar Gas Transport (Nakilat) and Damen Shipyards Group BN of the Netherlands are to form a joint venture to build marine-vessels from next year, as the LNG shipper looks to expands its revenue sources, Bloomberg has reported. Nakilat and Damen plan to build ships as big as 120 meters long, including luxury yachts and coast guard boats, at the Ras Laffan port north of Doha in Qatar. The venture, in which Qatar Gas will have a majority stake, will be completed by the end of this year. Nakilat has also formed a venture with Singapore's Keppel to operate a dry dock at Ras Laffan for the repair and maintenance of LNG tankers.
RTA launches Metro information site
Dubai's Roads and Transport Authority (RTA) has launched a website giving details about Metro timings and facilities. The Geographical Information System (GIS) of Dubai Metro (metrogis.rta.ae) provides information about the distance and time it is expected to take travelling between stations, park and ride facilities for metro commuters, integration points with other transport modes such as buses and abras, in addition to showing detailed images of the metro stations and functions of the GIS technology. The system also provides information about business landmarks in proximity of metro stations, such as restaurants, malls and places of cultural and heritage significance.
Agility opens Malaysia hub
Kuwait-based Agility has announced the opening of a new 13,000 sq.m logistics hub close to Kuala Lumpur, boosting the company's total warehousing capacity in Malaysia to over 34,000 sq.m. The new facitlity in Bukit Jelutong, Shah Alam has 12 loading docks and 14,000 pallet positions and dedicated areas for pick and pack, kitting to line operations, consolidation and deconsolidation, cross docking, RMA programs, and reverse logistics, the company has said. The new facility will become the new headquarters for Agility in Malaysia.
Gulf Navigation profits down 89%
Dubai-based oil and chemicals shipping company Gulf Navigation Holding, has said that its first-half profit had dropped 89% as demand for shipping declined. Net income had dropped to Dhs10.2m, compared to Dhs93m a year earlier, the company has said. First half revenues had also declined to Dhs170.1m, compared to Dhs200.8m for the same period of 2008. Operating profit had dropped by 46% to Dhs67.55m. The firm's total assets stood at Dhs2.996bn, up 4.6% compared to Dhs2.865bn for the same period last year.
Oman receives bids for Sohar jetty
Oman's port of Sohar has received bids for the contract to build the deep water Jetty serving the Vale Industrial Complex, MEED has reported. The project involves the construction of a 600-metre long jetty and new harbour basin that will serve a pelletizing plant and iron ore distribution centre that is being built by Brazilian mining company Vale.
Aqaba Gateway Group named preferred Ayla port bidder
Aqaba Development (ADC) in Jordan has said that Aqaba Gateway Group (AGG) is the highest ranking, qualified bidder for the city's new port. According to the Jordan Times, the Ayla New Port Consortium was ranked as the second highest bidder. ADC has also said it will enter into direct negotiations with the preferred bidder in the coming weeks over the terms and conditions of the development and operating agreement for the new port of Aqaba, aiming to sign a deal in October, should the parties reach an agreement regarding the terms and conditions.
Gulf Energy Maritime gets Panamax tanker
UAE-based Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of Gulf Cobalt, its sixth Panamax tanker. The 75,000 dwt product oil tanker is the second of four Panamax vessels scheduled for delivery this year from Hyundai Mipo Dockyard (HMD), as well as being the fourth of six newbuilds scheduled for delivery to GEM this year.
DP World throughput down by 10%
DP World has announced its TEU (twenty-foot equivalent container units) across its 49 terminals has handled more than 20 million TEU in the first six months of 2009. After consolidation, the terminals reported a throughput of 12.3 million TEU, a decline of 10% against the same period last year. This year, DP World has new terminals at Doraleh, Djibouti and two terminals in Algeria, at Algiers and Djen-Djen.
Aramex Q2 profit climbs 30%
Aramex has recorded a 30% rise in its Q2 2009 profit at Dhs50m, compared to Dhs38.4m for the corresponding period in 2008. Revenues for the second quarter this year had dropped 10% to Dhs485m, from the Dhs539.3m recorded during the same period in 2008. The company's net profit for the first half of 2009 stood at Dhs93.1m, a growth of 25% over Dhs74.6m achieved in the first six months of 2008.
Kuwait to offer stakes in transport projects
Kuwait plans to auction stakes in three transportation system projects worth up to KD1.5bn next year, reported Gulf News. The government had approved the projects to develop the country's first railway and monorail systems. For each company formed, a 26% stake will be offered in an auction for local or international investors. The government will own a 24% stake, and the remaining 50% will be offered to Kuwaiti investors.
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