Logistics News

Saudi Aramco, Sonatrach and Sonatrach increase LPG prices in August

Saudi Arabian state oil producer Saudi Aramco raised its official prices for liquefied petroleum gas by between 6% and 7% in August, traders reported on Friday. This was due to a higher demand for the product on global markets. Algeria's Sonatrach raised LPG prices between 19% and 23 % for August, according to traders. Saudi Aramco’s August OSPs have increased by $40 per metric tonne to $620. For propane, the price has increased by $40 per ton up to $640. Butane is a good alternative. LPG comes in two types: Propane (also known as butane) and propane. Both have different
Transport Infrastructure

UAE Stocks Rise as Earnings Boost Sentiment
Enbridge's Mainline volume increases helped it beat second-quarter profit expectations

Enbridge beat expectations for the second-quarter adjusted profits?on Friday as the Canadian pipeline operator benefitted from higher volumes of liquids transported through its Mainline system. Enbridge has been able to maintain steady growth despite geopolitical tensions, commodity price volatility and increased demand for utility infrastructure, natural gas and power for data centers. Its Mainline System, which moves almost half of the crude oil in the United States?reported a second-quarter core adjusted profit of C$1,57 billion ($1.12billion), an increase from C$1.5billion a year ago. The largest pipeline system in North America transports light and heavy crude oil, natural gases liquids, and
Transport Infrastructure

Market sources report that Russia imports gasoline from Morocco
ADNOC purchases tankers amid Red Sea and Hormuz crises that reshape the oil trade

Three sources with knowledge of the matter said that Abu Dhabi National Oil Co. (ADNOC), has purchased 'five very large crude carrier (VLCC)s for $590 million. The company is expanding its fleet in response to the conflicting demands of the Strait of Hormuz and the Red Sea. The UAE producer is attempting to gain more control over its supply chain. This will allow it to deliver crude oil to customers despite geopolitical tensions that disrupt two of world's most important maritime routes. Sources claim that ADNOC Logistics and Services, (ADNOC L&S), recently purchased five VLCCs from Frontline Plc. Sources said
Europe

Amadeus trims revenue forecasts for 2026 after beating profit expectations

Amadeus surpassed second-quarter profit estimates?on Friday. However, the 'travel technology company' lowered its revenue forecast for?2026 after the conflict in Middle East affected bookings and disrupted the air traffic. Amadeus expects a mid-to-high single-digit revenue increase in 2026. Previously, it had expected a high-single digit growth. According to LSEG, the company's?second quarter adjusted core profit was EUR672.8 millions ($774.2million) and exceeded analysts' average estimate of EUR657million. Amadeus reported that the turmoil in 'Middle East' caused an increase in cancellations of bookings and disruptions in air traffic, resulting in a 7.6% drop in bookings for the quarter. At the opening, shares?fell
Air taxi developers turn to the military market amid delays in civil certification

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Aeroports de Paris - The Paris airport operator ADP reported that the net income attributable to the first half nearly tripled, reaching?312 millions euros. It has lowered its estimate for the annual traffic growth of Paris Aeroport by 2026 from an earlier range of 1.5% to 2.5%. Now, it expects recurring EBITDA?of between?2.30 and 2.35 billion euro. AIRBUS: Airbus AIR.PA voiced increasing confidence in its critical jet delivery target and maintained other 2026 goals as it unveiled stronger-than-expected second-quarter results...

Ambrey reports that a drone hit a gas storage tanker in Egypt's Mediterranean Port.

Ambrey, a British maritime security company, said that a drone had hit a U.S. owned gas storage tanker in Egypt's Mediterranean port of Damietta. This was an initial assessment, which could indicate a new outbreak of conflict throughout the Middle East. Egypt's petroleum minister confirmed that there was a fire in the port, but did not mention a drone strike and did provide no explanation for the incident. Inchcape, a port services company, said in an unrelated message that two gas tanks had caught fire at Damietta. Three sources who were familiar with the incident confirmed that a drone struck...

Ambrey reports that a drone hit a gas storage tanker in Egypt's Mediterranean Port.

Ambrey, a British maritime security firm, said on Wednesday that a drone had struck a U.S. owned gas storage tanker in Egypt's Mediterranean Port of Damietta. The company cited an initial assessment. The Egyptian petroleum ministry released a statement that confirmed the fire in the port, but did not mention a drone attack. Inchcape, a port services company, said in an unrelated message that two gas tanks had caught fire near Damietta. Three trading sources who were familiar with the incident confirmed that the drone struck a floating storage tanker named Energos winter, causing an explosion which spread to a...

As investor demand cools, yields rise as a result of hyperscaler debt binge

As investors become more selective, major U.S. tech companies are borrowing heavily to fund their artificial intelligence builds. The yields on these loans have been steadily increasing. According to a LSEG analysis, Amazon, Alphabet and Meta Platforms issued approximately $194 billion of bonds between 2026 and July 7. This is up 79% compared to roughly $108 billion of bonds from 2025. Goldman Sachs expects the bond issuance of five hyperscalers including Microsoft Corporation to reach approximately $250 billion this year, and $400 billion by 2027. These investment-grade companies have seen their borrowing spreads increase over the risk-free rate for all...

Sources say that Yemen's Houthis are considering charging ships for crossing the Red Sea.

Regional sources familiar with the matter said that Yemen's Houthi militia is considering charging fees to commercial ships navigating through the southern Red Sea a week after announcing a naval blockade against Saudi Arabia. The Iran-aligned Houthis declared a maritime boycott against Saudi Arabia on July 20th, opening up a "new" front against the U.S. Sources said that the Houthis are considering imposing fees for most traffic passing through the Bab el-Mandeb narrow gateway which connects the southern Red Sea to the Gulf of Aden. At this point, no timeframe for implementation was provided. The media office of the Houthis...

Two India-based GMR Group units eye aggregate $500 million debt, bankers say

Two merchant bankers who have a 'direct' knowledge of the plans confirmed the plan on Wednesday. The bankers declined to name themselves because they were not authorized to speak with the media. In August 2025 the company raised 15 billion rupees via an 18-month paper at a return of 10.35%, and 44 billion rupees via three-year papers with a rate of 10.50%. The bankers said that Delhi International Airport (DIAL), where GMR Airports has a 74% stake, also plans to raise 35 billion rupees through longer-duration papers of 15 years. These will have a call-option at the end the fifth...

Passenger Transportation Services

Bombardier tops profit estimates, free cash flow turns positive on strong jet demand

Bombardier reported a second-quarter profit that was above analyst expectations. This was due to a robust demand for private jets, which also led to a turnaround in the company's free cash flow and increased its order backlog. Montreal-based Bombardier said that its quarterly revenue increased 6% annually to $2.15billion, despite having delivered four fewer aircraft. According to data compiled from LSEG, analysts estimated the company's revenues at $2.18 billion. Business jet manufacturers are benefiting from "strong demand" as AI startups and SpaceX generate new customers for private aviation. Bombardier is reducing debt and increasing production in order to deliver more...