INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Mawani adds FRS1 shipping service to Jeddah Islamic Port

The FRS1 service connects Jeddah Islamic Port to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt. (SPA)
  • The service connects the port to to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt.
  • This move is part of Mawani's efforts to improve the Kingdom's ranking in global performance indicators and support national export activity.

Jeddah, Saudi Arabia — The Saudi Ports Authority (Mawani) has added  CStar Line’s new Far East-Red Sea service (FRS1) to Jeddah Islamic Port to enhance the port’s competitiveness, expand its maritime network, boost operational efficiency, and solidify its position as a strategic logistics hub on the Red Sea.

The FRS1 service connects Jeddah Islamic Port to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt. It has a capacity of up to 2,000 TEUs.

This move is part of Mawani’s efforts to improve the Kingdom’s ranking in global performance indicators and support national export activity.

It aligns with the National Transport and Logistics Strategy, which aims to establish Saudi Arabia as a global logistics center and a hub connecting three continents, Mawani said in a statement.