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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi Arabia adds two marine tankers to its naval fleet

The number of bulk carriers in the Saudi fleet now stands at eight.
By TRENDS Desk
April 4, 2022 11:46 pm
  • 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.

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