PORTS-

A new Egyptian-Saudi-Iraqi trade corridor just completed a successful trial run: A pilot shipment has successfully traveled along a new multimodal corridor connecting Egypt, Saudi Arabia, and Iraq, according to Saudi state news agency SPA. The shipment began in Cairo, passed through Safaga Port, crossed the Red Sea to Saudi Arabia’s Neom Port, and then continued overland to Erbil, Iraq.

It takes half the time: The trial found that the corridor slashed delivery time for Saudi Arabia-bound shipments coming from Egypt by more than 50% compared to traditional routes.

SHIPPING + MARITIME-

Jeddah Islamic Port receives new vessel: Saudi Ports Authority’s (Mawani) Jeddah Islamic Port has received two new dual-fuel vessels at its Red Sea Gateway Terminal, according to statements here and here. The first vessel — the MV BYD Hefei — a 200m-long, 38m-wide carrier, boasts a 7k-unit capacity for motor vehicles and heavy equipment. The second — CMA CGM Iron — dual-fuel methanol cargo ship from French shipping giant CMA CGM is a 51m-long, 335m-wide carrier with a 13k TEU carrying capacity.

Tags: