SHIPPING + MARITIME-

Folk Maritime secures its first Saudi-flagged container vessel: Saudi shipping firm Folk Maritime has acquired its first KSA-flagged vessel — the 172 m M/V Folk Jeddah — which will be registered at Jeddah Islamic Port, according to a statement. The vessel has a handling capacity of 1,868 TEUs, a cargo carrying capacity of 18k tons, and is equipped with 230 reefer plugs for temperature-controlled cargo.

EQUIPMENT-

Alexandria Port Authority cracks down on equipment upgrades: The Alexandria Port Authority has instructed companies involved in loading and unloading cargo from ships — known in the industry as stevedoring — to develop a five-year plan for upgrading their equipment, Al Mal reports, citing a circular by the authority. The initiative, which will prohibit companies from using outdated equipment after the five-year deadline, aims to align shipping and unloading rates with global standards.

RAIL-

First freight train from Ulyanovsk to Azerbaijan to depart soon: A direct freight service between Russia’s Ulyanovsk, Azerbaijan’s Baku, and Iran’s Astara proveniences is slated to launch, effective from the end of September, TASS reports, citing a statement from Ulyanovsk regional governor Alexey Russkikh. The train will hold at least 70 cars and will have a capacity of some 3.5k tons of goods. It is expected that some 200k tons of goods will be transported along the route annually.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Air India deploys A350-900 on Delhi-London route: India’s flag carrier airline Air India has deployed a new A350-900 aircraft to its twice-daily service from Delhi to London’s Heathrow. (Simple Flying)
  • Etihad flies to Mumbai: Etihad Airways has launched three weekly flights from the UAE’s Abu Dhabi to India’s Mumbai International Airport (BOM), which will operate until 31 December. (Statement)
  • Exim + Amic + Toho Titanium ink credit facility agreement: KSA’s Export-Import Bank (Saudi EXIM Bank) has inked a SAR 50 mn (c. USD 13 mn) credit facility agreement with Saudi-based Advanced Metal Industries Cluster (AMIC) and the AMIC Toho Titanium Metal (ATTM) to help boost the companies’ exports. (SPA)
Tags: