SHIPPING + MARITIME-

Turkish player buys two Montenegrin bulk carriers: A Turkish buyer has reportedly acquired two bulk carriers from the bankrupt Montenegrin state-owned shipping company Crnogorska Plovidba, TradeWinds reports. The identity of the buyer and the selling price have not been disclosed, although unconfirmed reports cited by local media indicate that each vessel was sold for EUR 9 mn. The loss-making firm has been barred by Montenegrin authorities from investing additional funds, and has resorted to selling off its last remaining vessels to clear outstanding debts.

PORTS-

Suwaiq Port expansions are underway: Asyad Ports — the ports and terminals management arm of Asyad Group — has invited consultants to submit technical bids for the Suwaiq Port expansion project, Zawya reports. The port operator is looking to conduct a site exploration over the project’s 60.2 hectares, assess collected soil samples and their properties, and acquire environmental permits to check ground quality. The deadline for submissions is 11 September.

REFRESHER- Asyad has plans to expand Suwaiq Port to 360k sqm to expand services to new international shipping lines and meet Oman’s growing food security needs. The company will develop and manage Al Suwaiq Port for 40 years, adding a 500-m-long, 14-m-deep sea berth to accommodate several vessel sizes and handle all types of cargo. Preliminary studies for the expansion are almost complete.

ROADS-

The Riyadh Municipality broke ground on 14 projects worth SAR 245 mn to upgrade roads throughout the capital, it said on X this week. The projects cover roads in high and medium-density neighborhoods and unpaved roads, focusing on improving traffic safety, creating access points to new areas, and reducing dust and water pooling.

Tags: