Iraq

Basra welcomes UAE container service

Basra Gateway Terminal (BGT), the International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr, recently welcomed the first direct freight service between the United Arab Emirates and Iraq.

Operated by DP World, the service connects Jebel Ali in Dubai with Umm Qasr and potentially all of Iraq with roll-on, roll-off (ro-ro) shipments. Compared to the usual 14-day period for cross-border land transport between the two countries, the service offers a “drastically”...

https://www.themaritimestandard.com/basra-welcomes-uae-container-service/

Iraq’s Grand Welcome Yard becomes operational

In a key milestone for Iraq’s maritime sector, The Grand Welcome Yard (GWY), situated within Umm Qasr Port, will be officially operational on June 1st. Using advanced technology, GWY is expected to streamline and facilitate international trade through the port, removing current bottlenecks and delays.

This important project has been brought to fruition by the Al-Raiya Group, in partnership with the General Company of the Ports of Iraq (GCPI) and other Iraqi authorities. According to Ali...

https://www.themaritimestandard.com/iraqs-grand-welcome-yard-becomes-operational/

Report to Congress on Egypt and U.S. Relations

The following is the May 2, 2023, Congressional Research Service report, Egypt: Background and U.S. Relations,

From the report

Historically, Egypt has been an important country for U.S. national security interests based on its geography, demography, and diplomatic posture. Egypt controls the Suez Canal, which opened in 1869 and is one of the world’s most critical maritime chokepoints, linking the Mediterranean and Red Seas. As of 2023, an estimated 12% of global trade, including 7% of the world’s...

https://news.usni.org/2023/05/10/report-to-congress-on-egypt-and-u-s-relations

New trade route to link Saudi Arabia’s Jubail Commercial Port to six global destinaions

The Saudi Ports Authority (Mawani) has revealed the addition of Saudi Arabia’s Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carr ..

The post New trade route to link Saudi Arabia’s Jubail Commercial Port to six global destinaions appeared first on Baird Maritime.

https://www.bairdmaritime.com/ship-world/port-world/new-trade-route-to-link-saudi-arabias-jubail-commercial-port-to-six-global-destinaions/

Iraq’s Crude Exports Crosses $115bln in 2022

credit: Ben Wicks/Unsplash

Iraq’s crude oil exports crossed more than $115 billion in 2022 based on preliminary data, reports Zawya, citing Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani.

More than 1.29 billion barrels were exported last year to China, India, South Korea, Turkey, Italy, Spain, France, the UK, the US and Arab countries, he stated.

In November 2022, Iraq’s Oil Exploration Company (OEC) Director Ali Jassim Hammoud revealed three projects, including a...

https://mfame.guru/iraqs-crude-exports-crosses-115bln-in-2022/

COLUMN | Holiday Shorts Part Two: books and music [Offshore Accounts]

As the out of office messages continue to ping back, and the summer holiday season draws on, it’s time to share a few more ideas for poolside reading or beachside liste ..

The post COLUMN | Holiday Shorts Part Two: books and music [Offshore Accounts] appeared first on Baird Maritime.

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-holiday-shorts-part-two-books-and-music-offshore-accounts/

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