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

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

Saudi non-oil exports increase by 17.8% in second quarter. (SPA)
  • 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.