INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Bahrain launches region’s fastest global sea-to-air logistics hub

Bahrain imports rose by 18 percent in Q4 2021.
  • The hub is said to have a turnaround time of just two hours for all containers
  • This means products can be with customers in half the time and at 40 percent of the cost

Bahrain has launched what it claims to be the fastest multi-modal logistics hub in the region, said local reports on Wednesday, September 29.

The hub is said to have a turnaround time of just two hours for all containers.

This means products can be with customers in half the time and at 40 percent of the cost, said the local reports.

The launch of the Bahrain Global Sea-Air Hub is expected to capitalize on Bahrain’s position midway between European and Asian markets as well as its proximity to regional target markets.

The reports said it could be the most efficient multimodal sea-air transshipment hub in the region with a global reach.

The hub is said to on streamlined clearance procedures, optimized logistics, and full digitization to achieve an end-to-end lead time of just under two hours for goods transiting from Bahrain International Airport to Khalifa bin Salman Port, and vice versa.

These gains reportedly translate to a 50 percent reduction in average lead time compared to pure sea freight and a 40 percent reduction in cost compared to pure air freight.

Bahrain will apparently grant partner status in this initiative to all markets globally, which will allow for granting their nationally-based companies the opportunity to become an authorized Trusted Shipper at the hub.