Aramco, DHL to establish procurement and logistics hub in Saudi Arabia
Leading oil suppliers Saudi Aramco and DHL Supply Chain, a global logistics provider, have entered into a shareholders’ agreement to set-up a procurement and logistics hub in Saudi Arabia to improve the efficiency and sustainability of the supply chain.
The joint venture which aims to be operational in 2025 will provide end-to-end integrated procurement and supply chain services to companies in the energy and petrochemical sector.
The joint venture will initially focus on Saudi Arabia, with aspirations to expand across the MENA region.
Aramco’s leading energy and industrial supply chain ecosystem and DHL’s logistics proficiency is expected to create added value for customers by meeting their supply chain requirements, such as purchasing, inventory management, warehouse management, transportation, and reverse logistics needs.
WiseTech launches international freight forwarding diploma
WiseTech Global’s online training arm has launched an international freight forwarding diploma. The academy’s diploma has been developed to prepare students around the world for the role of international freight forwarder and covers all aspects of the global movement of cargo, relevant regulatory requirements, and conventions and barriers that impact the flow of trade.
The online and student oriented format allows students to start and finish at any time throughout the year.
“WiseTech is committed to supporting education and skills development in the logistics industry through affordable and accessible courses designed for professionals who work in global supply chains,” said Dr Tudor Maxwell, who leads WiseTech Academy at WiseTech Global.
The diploma is made up of 16 courses covering the various modes of transport within the industry such as sea, air, road, rail and inland waterway and the combination of these through multimodal transport, logistics, warehousing and distribution.
Air cargo makes a soft start to 2023 – CAPA
There has been a sharp decline in the air cargo segment globally with the exception of Latin America, according to the Centre for Avaition.
IATA figures for Jan-2023 point to a continuing soft underbelly in the cargo business, with demand continuing to fall in most regions and capacity also falling in half of them. No region has anything to shout about, except perhaps Latin America, where both demand and supply have increased – but that amounts to little in the overall scheme of things.
The underlying issue globally is the uncertainty brought about by an amalgam of negative factors that rarely occur at the same time, like a flock of black swans landing on the global runway and refusing to move. Accordingly, we have entered an era where forecasting the future is subject to so many variables that guesswork carries the same degree of credibility.
Middle Eastern airlines experienced an 11.8% year-on-year decrease in cargo volumes in Jan-2023 but it was an improvement on the previous month (-14.4%).
Capacity increased by 9.6% compared to Jan-2022, possibly as a result of larger wide body aircraft being returned to service.
DP World to open air cargo logistics hub in Dominican Republic
DP World is delving further into end-to-end supply chain operations with plans to develop a new air cargo logistics hub in the Dominican Republic.
The new facility in Punta Cana is being created through an agreement between DP World and the Punta Cana Free Trade Zone (PCFTZ), a company of Grupo Puntacana.
The hub is set to include a new logistics centre and infrastructure platforms capable of supporting multimodal air, land and sea cargo. Operations are expected to begin in the second half of 2023.
The logistics centre will harness DP World’s Dominican Republic multimodal cargo management and logistics experience, as well as the high connectivity of the Punta Cana International Airport (PUJ) to global distribution centres.
DP World began operations in the Dominican Republic in 2003 at its port facility at the Punta Caucedo peninsula, a strategic location for the redistribution of cargo to the Caribbean, US, Central America and South America.
Additionally, the agreement will see the deployment of a regional commerce strategy to attract a greater volume of re-export and import cargo to and from major global commercial, industrial, technology and agricultural markets.
The project also aims to generate greater investments in logistics services, increasing demand for logistics-related labour and triggering growth and diversification in the economy of the Dominican Republic.
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