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Business News Logistics ME Awards 2018
We are pleased to share with you, as our valued industry associate, the recent happenings at Move Up Consultancy.     It was our pleasure to join the JUDGES PANEL for the “Logistics ME Awards 2018” and represent M/s Move Up Consultancy at this prestigious event held on 17thApril 2018 at Grosvenor House. We are thankful to ITP Media Group (Dubai) for inviting us to be a part of this fantastic awards program.    The Logistics Middle East Awards 2018, formerly known as the Supply Chain and Transport Awards (SCATAs), is the largest awards program of its kind in the Middle East region, and the only awards event that focuses specifically on the logistics industry and its major verticals. The Awards are a celebration of excellence for the great and the good of the supply chain and logistics communities in the Middle East. The iconic Logistics Middle East Awards trophy adorns some of the most prominent logistics leaders’ mantelpieces and each award category is hotly contested every year with entries received from a wide range of companies from across the entire GCC.    In 2018, the awards event included 15 separate awards categories, from Supply Chain Hub of the Year and FMCG Supply Chain of the Year, to E-commerce Supply Chain of the Year and Manufacturing Supply Chain of the Year including some of the biggest industry names as the nominees. The Logistics Middle East Awards 2018 had senior executives and recognized figures from the industry in attendance, making the event a red letter occasion.   Please take a few minutes to read through the news article at Business News: Logistics ME Awards 2018. Also attached herewith for your kind viewing, is a short clipping showing the awards event highlights as it is our pleasure to share our company achievements with you.     We would like to thank you for your time and look forward to collaborating with your esteemed organization for future consultancy projects towards a long lasting mutually beneficial professional relationship.   
UAE logistics market to be worth $30b in 2016
Dubai: The logistics market is expected to grow to $30 billion in 2016 due to a surge in import and export trade volumes and upward trend of local manufacturing, according to a perspective by Frost & Sullivan. In 2013, the market was valued at $23.4 billion, which includes revenues from logistics services for domestic manufacturing, import-export trading, services and agricultural sector. The logistics market accounted for six per cent of the country’s gross domestic product (GDP) value in 2013. The perspective is authored by Srinath Manda, Programme Manager — Transportation & Logistics Practice, Middle East, North Africa and South Asia at Frost & Sullivan. “The transport and logistics sector in the UAE enjoys a number of unique strengths, including its location, world class infrastructure, and a progressive non-bureaucratic Government that has played an active role in developing the sector,” Manda stated. The UAE’s logistic sector is made up of four key areas; transportation services, warehousing services, freighting forwarding services and value added logistics services (VALS). “Freight forwarding represents the largest share with about 62.0 per cent; transportation is the second largest contributor with about 18.0 per cent of total logistics revenues owing to significant distribution activity. The final two contributors to logistics revenue are warehousing at about 16.0 per cent and VALS, such as packaging and labelling, at about 4.0 per cent,” Manda said. Growth trajectory The UAE pouring billions across its logistic sector with investments made in economic free zones, airports, and ports. Dubai is developing Dubai World Central, which is already home to future super hub airport Al Maktoum International and connects with DP World’s flagship port Jebel Ali. While Abu Dhabi is developing the Midfield Terminal Complex at Abu Dhabi International Airport and continues to invest in its new flagship industrial zone and port, Kizad and Khalifa Port. “The sector is on a growth trajectory and is witnessing the mega trends that would help establish it as a prominent logistics hub. The GCC benefits from two unique opportunities; strong growth of volume in the trade lane between Europe and Asia and steady growth and development of manufacturing activities driven by predominantly Saudi Arabia,” Manda said. “Capitalising on the availability of world-class port infrastructure and developing the GCC-wide rail and surface transport capability are essential factors for future economic development of the GCC countries,” he added.
Shipping industry to benefit as oil prices sink
Abu Dhabi: Shipping industry is benefiting as oil prices continue to tumble in the global markets, ship owners and experts have said.Operation costs of ships have gone down and demand for oil tankers have picked up as some countries like China try to stockpile oil taking advantage of the lower oil prices.“This is having a positive effect on the shipping industry. We expect profits of companies to go up,” said Per Wistoft, chief executive officer of Dubai-based United Arab Chemical Carriers that operates a big fleet of tankers in the Middle East and the Indian subcontinent.Oil prices have been sliding for the past few months. From a peak of $115 in June, prices have dropped to around $50 this week. Analysts have predicted the trend to continue till the second quarter of this year.AdTech AdAccording to Wistoft, bunkering costs have almost halved since last year and the demand for oil tanker has gone up.Bunkering costs of very large crude carries also known as super tankers have come down from $40,000 per day to $20,000 per day.“This has been a substantial help for shipping companies to overcome the cost. Bunkering is one of the major expenses of the shipping companies.”He predicted floating storage to increase due to low oil prices.Floating storage is a method by which oil companies hire large vessels to store oil and sell when the price increases.The capital utilisation to procure oil is much less than before due to falling oil prices, Bounty Marine Services that is involved in bunkering of oil said.“Buying of diesel has become cheaper due to the market situation. Entire shipping industry is going to benefit,” said Sudai Jallad, the owner of Bounty Marine Services.He said they used to spend $80,000 for buying 100 tonnes of diesel earlier. “We now get the same quantity for $50,000. It is 40 per cent less.”Meanwhile, an analyst said China is in an oil buying spree due to lower oil prices but it is unlikely to prop up global oil markets.“In this time of low oil prices, it comes as no surprise that China is stockpiling fuel,” said Daniel Ang, investment analyst from Phillip Futures.He added that China is one of the biggest consumers and importers of crude oil, and taking advantage of oil when prices are low is a strategic move.“However, we see the big uptake of crude oil by China to not be reflective of China’s crude oil demand. These stockpiles would likely remain unused in the short term and thus, giving only an artificial boost on crude demand,” Ang said.According to shipping consultancy Drewry, container shipping profitability is expected to improve in 2015, despite record vessel deliveries, driven by lower unit costs,It said more carriers are expected to be profitable in 2015, provided that a number of tailwinds prevail. These include continuing carrier focus on vessel deployment; fuel costs remaining low; recovering demand; successful outcome of annual BCO (Beneficial Cargo Owner) contract negotiations; and new operational alliances delivering greater market stability



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