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 seaports registers 5.3 percent increase in cargo handling

The livestock cargo increased 7.36 percent and numbered more than 126,000 heads.
  • The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to last year.
  • The statistical figures for January 2022 issued by MAWANI also showed an increase in other operational indicators of Saudi ports.

Saudi Arabia’s seaports recorded a 5.3 percent  increase in the volume of general cargo handled during January 2022, compared to the same period last year, reaching about 25 million tons.

The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to the same period last year.

The statistical figures for January 2022 issued by MAWANI also showed an increase in several other operational indicators of Saudi ports.

This includes a 48.28 percent  growth in passenger volume, with the total number reaching 88,000.

The livestock cargo increased 7.36 percent and numbered more than 126,000 heads.

Affected by the international supply and demand market in January, the ports recorded a decline of 7.22 percent  in the volume of containers handled, with the total number at 819,198, besides a decline of 2.41 percent in transshipment containers.

Similarly, both the volume of cars handled, and the number of vessels received by the ports decreased by 6.26 percent  and 4.17 percent, respectively.

MAWANI stressed the importance of renewed efforts to achieve a qualitative leap in maritime transport across the seaports in line with its strategic goals and programs.

The program aims to develop a sustainable and prosperous maritime sector in Saudi Arabia.

MAWANI also affirmed that it will continue to strengthen the maritime transport sector by transforming Saudi ports into attractive investment destinations.

This will support the nation’s trade and economic development in line with the objectives of the National Transport and Logistics Strategy and Vision 2030.