Saudi Arabia’s maritime sector is gearing up to make the kingdom a regional logistics hub and drive forward economic diversification and job opportunity, participants at the Saudi Maritime Congress in Riyadh heard on the opening day at the Kingdom Centre in Riyadh yesterday.

The largest terminal operator at Jeddah Islamic Port (JIP), Red Sea Gateway Terminal (RSGT), is increasingly confident that its goal of taking over the management and operation of JIP’s North Container Terminal (NCT) could come to fruition early next year.

Private equity firm Blackstone announced that Blackstone Infrastructure Partners (BIP), has made a growth-oriented investment in Carrix, the largest marine terminal operator in the US and in the Americas.

Saudi Arabia is working to improve its land-side transportation, especially rail infrastructure, in the coming years, as it looks to exploit existing logistics and maritime development, the Kingdom’s Transport Minister revealed today.

APM Terminals has inaugurated its new container terminal in Moin, Costa Rica, opening direct routes to European and Asian markets for the country which is the world’s largest exporter of pineapples and the third largest exporter of bananas. 

Leading government authorities such as Saudi Customs and Saudi Ports Authority (Mawani), as well as major companies such as Bahri and Saudi Aramco Marine Department, which play a key role in the implementation of the latest development initiatives across Saudi Arabia, will share significant insights on how strategies under the Saudi Vision 2030 intend to deliver the desired transformation in the country during the Saudi Maritime Congress held on 11-12 March in Riyadh.

There aren’t many things that both sides of the US political spectrum can agree on but the need to invest in domestic infrastructure one appear to be one of them.

China’s fast growing Ningbo-Zhoushan port is expanding its Chuanshan port area to further increase container handling capacity.

Puerto Coronel received this two new 23-row-cranes on Monday which it recently acquired to reinforce its infrastructure.

Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port.

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