Mawani, Petrotank to set up ship refueling hub in Yanbu: Saudi Ports Authority (Mawani) and the Kingdom’s National Petroleum and Petrochemical Tank and Pipeline Company (Petrotank) inked a SAR 500 mn (c. USD 133.3 mn) agreement to develop an integrated ship refueling hub at Yanbu’s King Fahad Industrial Port, according to a statement on X. No timeline for the development was disclosed.

What we know: The facility will span some 110.7k sqm, with Petrotank lease to last for a 20-year period. The project is part of Mawani’s targets to enhance the competitiveness of the Kingdom’s ports — leveraging the facility to support increased vessel traffic by expanding bunkering services.

Not a first: Petrotank currently operates the existing fuel station at Yanbu’s King Fahad Industrial Port — which features eight tanks with a combined holding capacity of 114k cubic meters, Spa reports.

About King Fahad Industrial Port: The port — nestled on the Kingdom’s Red Sea coast — spans some 6.8 km sq and features 10 terminals as well as 34 berths with a total handling capacity of up to 210 mn tons.

July was a busy month for Mawani: Mawani launched a flurry of shipping services to Jeddah Islamic Port last month, including Goodrich’s RSX1shipping, Wan Hai Lines’ AR2 Asia, Blue Ocean’s BOS shipping, CMA CGM’s LRX shipping and CStar Line’s FRS1 shipping.

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