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Saudi Arabia eyes autonomous shipping and local component manufacturing by 2027
Plus: Bahri signs SAR 1.7 bn contract with IMI to build three VLCCs
PIF-owned Folk Maritime pauses growth as shipping costs jump
Folk isn’t looking to capitalize on the disruption through aggressive expansion
THIS MORNING: Islamabad says it’s honoring its defense pact with Riyadh
Plus: CMA passes new regulations on earnings calls and auditor registration
Aramco weighs discounts on Oman ship-to-ship crude as exports climb
The handoff for most barrels is happening offshore, pushing up freight costs and transfer times
Riyadh Air’s cargo arm is picking up displaced sea freight in a regional market that’s shrinking
A belly-hold model ties cargo growth to the passenger network, and the regional freight market it’s entering is in contraction
THIS MORNING: Houthis strike cargo vessel in Bab Al Mandab
RCRC opens applications for year two of Tawazoun
GDP growth to reach 4.6% by 2027 + A new Saudi-Egyptian ro-ro shipping line in the cards?
PLUS: AirAsia plans to set up a new hub in the GCC this year
Mawani + Maersk launch SAR 1.3 bn logistics park Jeddah Islamic Port
The logistics park spans an area of 225k sqm with the capacity to handle 200k TEU containers annually
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