Logistics provider LogiPoint has piloted a new cross border system to significantly reduce transit times for shipments between the upper Gulf region and Europe.
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.
Prepared or not prepared? That’s quite a question. According to a survey on preparedness for Brexit by Odgers Berndtson, only 16% of about 100 UK ports and harbour authorities have made any ‘significant or practical’ plans for Brexit, but 59% expect a negative or strongly negative impact.
The World Economic Forum’s 2018 Global Competitiveness Report published on October 17, 2018, revealed that Saudi Arabia’s Global Competitiveness Index (GCI) improved by two ranks compared to last year, placing the Kingdom in the 39th position among the 140 countries included in the report.
If only to exploit its unique location at the mouth of the Red Sea, Saudi Arabia, under a new liberal and progressive regime, is making a concerted effort to be a logistics hub for three continents – Asia, Europe and Africa.
Those arriving for the UK Major Ports Group’s (UKMPG) annual parliamentary reception could be forgiven for drawing some parallels between the long wait they endured, outside in perishing cold, rain and wind, and the dire forecasts of miles of trucks queueing outside ports in the aftermath of Brexit.
PSA International has become the majority shareholder of Singapore-based trade facilitation services provider CrimsonLogic through an additional subscription of shares and share purchase from fellow Singapore government linked company Enterprise Singapore Holdings.
Asian Terminals Inc’s (ATI) Manila South Harbour handled over 560,000 teu of international freight in the first six months of 2018, its highest mid-year container volume and 5% higher than the previous corresponding period, local reports said.
Singapore’s KS Energy announced that it will recover around SGD20.3m ($14.8m) that it had previously paid for import duty and fine to the Indonesian customs, in relation to the importation of a jack-up drilling rig.