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

Saudi Arabia adds two marine tankers to its naval fleet

The number of bulk carriers in the Saudi fleet now stands at eight.
  • The new giant ships of the Saudi naval fleet bring the tally of national ships carrying the Saudi flag to 426.
  • The marine tankers named "Sara" and "Hessa" were registered at King Abdulaziz Port in Dammam.

The Public Transport Authority announced the launch of two new Saudi-flagged marine tankers: “Sara” and “Hessa”.

Both were recently registered at King Abdulaziz Port in Dammam.

The new giant ships of the Saudi naval fleet, bring the tally of national ships carrying the Saudi flag to 426, with the loading capacity of the ships exceeding 13.5 million tons.

This increases the tonnage capacity of the Saudi naval fleet and enhancing its position as a global logistics center.

The new Hyundai-manufactured vessels are among the national carriers owned and operated by the Saudi National Shipping Company (Bahri).

It has a tonnage capacity of (43735) thousand metric tons. With these two tankers, the number of bulk carriers in the Saudi fleet now stands at eight.