Search Site

Trends banner

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Shipping service connecting India, South East Asia with Saudi Arabia comes up

Saudi non-oil exports increase by 19 percent in July.
  • This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector.
  • This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector.

RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in Dammam, connecting the Kingdom to Southeast Asia and India, Saudi Ports Authority (Mawani) announced.

This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector, and contribute to national economic development, a press release issued by Mawani said.   

This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector and logistics services.

It supports the movement of exports and imports, aligning with the National Transport and Logistics Strategy (NTLS) objectives to cement the Kingdom’s position as a global logistics hub that bridges three continents.

The new shipping service connects King Abdulaziz Port in Dammam to five regional and international ports: Klang in Malaysia, Surabaya and Jakarta in Indonesia, Nhava Sheva in India, and Jebel Ali in the UAE.

These connections are facilitated through regular weekly trips, with up to 1,800 Twenty-foot equivalent units (TEUs) capacity.

King Abdulaziz Port in Dammam achieved a record-breaking monthly throughput, handling 235,820 TEUs last February.

“This milestone reflects its exceptional and comprehensive operational services and modern equipment, enabling it to manage various types of goods with a capacity of 105 million tons of cargo and containers,” the release added.