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The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

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The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

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Saudi Ports Authority reports 16% jump in cargo in June

The logistics park would help facilitate the growth of the shipping network.
  • According to figures 27.1 million tons went through the nine ports managed by the authority, compared to 23.4 million in June 2021
  • According to Mawani, Saudi ports received 1,126 vessels in June, rising by 13.6 percent compared to the same period last year

Saudi Arabia has reported a 16 percent increase in cargo volumes to 27.1 tons in June 2022, according to the latest release by the Saudi Ports Authority, also known as Mawani.

The rise in cargo throughput volume was primarily driven by a 55.7 percent increase in general cargo, at a total of 790,500 tons.

According to figures provided by Mawani, 27.1 million tons went through the nine ports managed by the authority, compared to 23.4 million in June 2021.

Liquid bulk cargo throughput also increased by 31.8 percent to 15.5 million tons.

Dry bulk cargo, however, went down by 6.9 percent to 3.9 million tons.

The container throughput volume rose by 5.5 percent to hit 642.3 thousand twenty-foot equivalent units compared to last year’s June volumes of 608,800 TEUs.

Transshipment throughput volume went up 4.2 percent higher year-on-year at 244.6 thousand TEUs compared to the previous year’s tally of 234,700 TEUs.

According to Mawani, Saudi ports received 1,126 vessels in June, rising by 13.6 percent compared to the same period last year.

Vehicle imports stood at 74,000 units, rising by 25.8 percent compared to June 2021.