Suttons JV formed
SPECIALIST global logistics provider Suttons Group has announced the signing of a joint venture agreement to develop chemical logistics services in Saudi Arabia and the wider GCC region.

Suttons has joined with Arabian Chemical Terminals (ACT), a company jointly owned by the Alireza, Al Nowaiser and Al Linjawi families who have extensive interests in Saudi Arabia.

The joint venture company will start providing bulk road transport and import and export services to the petrochemical sector in the kingdom in this month.

Qatar investing in Nigeria
QATAR has expressed interest in investing $390 million in Nigeria’s transport sector in 2013.

Olusegun Aganga, the Nigerian Minister of Trade and Investment, said in Abuja the two countries had concluded arrangements to sign a memorandum of understanding (MoU) on the new investment.

The move will create thousands of jobs for Nigeria’s youths, he said.

Kuwait port to open in 2014
KUWAIT’S logistics industry will get a strong push when the first phase of the $1.2 billion Mubarak Al Kabir port development is completed in Q2 2014.

Initial cargo-handling capacity will be 1.8 million containers. The port has been planned to drive transshipment business in an increasingly competitive regional market.

The Mubarak Al Kabir Port is being built on Boubyan Island, near the Iraqi port of Umm Qasr.

Etihad cargo revenues up
ETIHAD Cargo, a division of UAE flag carrier Etihad Airways, has posted record revenues of $65.8 million for November, up from $54.3 million in the same period last year and an increase of 21.2 per cent.

The carrier lifted 32,633 tonnes of freight in the period, an 18.2 per cent increase on November 2011 (27,628 tonnes).

The figures reflect the cargo operator’s continued upward momentum in what has been a record 2012 so far, the airline said.

Meanwhile, Robert Fordree has been promoted from senior network performance manager to head of Etihad cargo handling.