King Fahad Industrial Port in Yanbu welcomed the arrival of the "Höegh Sydney," marking the first-ever RORO vessel received through transshipment. This milestone was made possible by the partnership with leading global maritime transportation services provider, Höegh Autoliners. The ship carried a total of 1,984 cars, highlighting the success of the Saudi Ports Authority in…

Saudi Ports Authority (Mawani) and MEDLOG, MSC's logistics arm, commenced works on the 100,000 m² integrated Logistics Park at King Abdulaziz Port in Dammam, Saudi Arabia. The investment, exceeding US$40 million, aligns with Mawani's strategic goals, aiming to expand the number of logistics parks to 30, enhance the private sector's role in economic development, and…

Saudi ports overseen by the Saudi Ports Authority (Mawani) have achieved a 16.85% growth in container throughput during November, reaching 737,530 TEUs. Exported containers during the previous month recorded an increase of 15.95% to 212,216 TEUs, while imported boxes also soared by 18.67% to 224,324 TEUs. At the same time, transshipments registered a 16.16% rise…

APM Terminals and Plaquemines Port Harbor and Terminal District (Plaquemines Port) signed a letter of intent for the construction of a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana, US. "This major commitment shows the market’s tremendous confidence in Louisiana as the home of vibrant, growing port activity," said Louisiana Governor Jeff…

Ιndian government and shipping industry stakeholders have realised the urgency to deal with growing trade challenges from the Red Sea shipping crisis, as market rating forecasters generally expected the emerging economy to grow faster than its larger counterparts. A high-level committee at the government level has been set up to study and identify alternative trade…

About 90% of all the containerized fleet that would have ideally taken the Suez Canal have now re-routed via the Cape of Good Hope. And the impact? Rates quadrupling on the Asia- Europe and Asia-Mediterranean trade. The latter just topped the US$5,000 mark to end at USD 5,213 while the Asia- Europe rates rounded off…

Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta chief analyst Peter Sand, who was responding to questions on how western bombing had changed the maritime supply chain seascape. Speaking after coalition forces bombed targets in Yemen in an effort to neutralise the threat…