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  • Archive for January, 2024

Recent Posts

  • Ports authority establishes new anchorage areas to boost King Fahd port’s efficiency
  • The Red Sea Escalation Implications on Global Seaborne Trade
  • Saudi ports record over 9% growth in annual container handling
  • UNSTABLE SITUATION IN THE RED SEA COULD RESULT IN CONGESTION AT PORTS

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    Latest News
    • January 23, 2024
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    The Red Sea Escalation Implications on Global Seaborne Trade

    In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market spot rates in various shipping segments. The recent attacks by the Houthi rebels in the Red Sea have already started to significantly affect trading activities, especially in the container segment. With the […]

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    Latest News
    • January 16, 2024
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    Saudi ports record over 9% growth in annual container handling

    RIYADH: Saudi ports experienced a 9 percent increase in annual container handling in 2023, reaching 11,380,302 units, in a sign of the Kingdom’s success in developing its maritime sector.   This figure surpassed the 2022 total of 10,439,620 containers, as reported by the Saudi News Agency.  Simultaneously, facilities managed by the Saudi Ports Authority, also known […]

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    Latest News
    • January 14, 2024
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    UNSTABLE SITUATION IN THE RED SEA COULD RESULT IN CONGESTION AT PORTS

    The continuing escalation of attacks on vessels at the Red Sea could trigger port congestion in many regions, and the upcoming Lunar New Year could further compound the shortage of empty containers, according to a new Global Freight Monitor of HSBC. The report said the attacks in the Red Sea region have further intensified, and […]

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