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.

King Abdulaziz Port records highest daily container throughput

The King Abdulaziz Port in Dammam is the Kingdom’s key trade gateway on the Arabian Gulf coast.
  • The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
  • The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.

The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume of 18,020 TEUs on a single vessel.

The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.

Additionally, the landmark milestone was reached when COSCO Shipping Capricorn docked at the Dammam port.

Capricorn is a giant container vessel originating from the Far East with an overall length of 400m and a carrying capacity of 20,000 TEUs.

This not only attracts modern fleets and shipping lines to its shores but also fulfils the objectives of the Saudi Ports Authority (Mawani) and the National Transportation and Logistics Strategy (NTLS).

It aims to upgrade the operational and logistical productivity, performance, and capability of local ports and transform the Kingdom into a global logistics hub that provides world-class maritime services.

The King Abdulaziz Port in Dammam is the Kingdom’s key trade gateway on the Arabian Gulf coast which serves as a global and regional center of excellence for logistical and maritime services to importers and exporters alike.