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RIYADH: Saudi Arabia’s King Fahd Industrial Port in Yanbu will be modernized further as the ports authority has established new ship anchorage areas in the facility. The newly established docking zones will help modernize several logistical services in the port which includes delivering ships with supplies and fuels, the authority, also known as Mawani, said […]

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 […]

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 […]

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 […]