Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has won an international tender from International Maritime Industries (IMI) to supply equipment and the license for a self-elevating drilling unit. This comes after ARO Drilling, a joint venture...
https://splash247.com/seatrium-bags-offshore-rig-deal-from-international-maritime-industries/
Offshore rig owners Arabian Drilling and Shelf Drilling have signed a memorandum of understanding to form a strategic alliance. Under the agreement, Shelf Drilling will seek to use some of Arabian Drilling’s high-specification jackup rigs to meet contract requirements. By combining resources, the...
Bahri Logistics, a subsidiary of Bahri, The National Shipping Company of Saudi Arabia, is entering into a partnership with Tasaru Mobility Investments and The Mosolf Group to form a strategic joint venture that will focus open automotive logistics within the Kingdom.
Saudi Arabia is actively developing its automotive manufacturing sector and aims to produce over 400,000 cars annually by 2030. The joint venture will offer a wide range of services, including shipping, transportation, electric...
https://www.themaritimestandard.com/bahri-sets-up-automotive-logistics-partnership/
New initiative aims to tackle rising demands on the shipping sector while strengthening the maritime workforce.
A groundbreaking initiative led by the International Maritime Organization (IMO) and the Kingdom of Saudi Arabia (KSA) aims to address the global seafarer shortage while creating career opportunities for aspiring seafarers from developing nations.
The NextWave Seafarers Project was formally launched with the signing of a Letter of Agreement between Mr. Kamal M. Al Junaidi, Permanent...
Saudi oil and gas driller ADES has won its second contract for one of its jackup rigs offshore Nigeria. The company has fixed the 2013-built Admarine 501 to Nkuku Ikon Petroleum Development following the deal with Brittania-U for its Admarine 504 unit last month. The new contract, which includes a...
https://splash247.com/ades-seals-second-jackup-deal-in-nigeria/
Petredec and Bahri have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec, while Bahri will establish an in-house LPG team within Bahri Oil to target all future Saudi Arabian LPG and ammonia shipping requirements.
It is expected that Bahri’s 40% shareholding in Petredec, combined with Petredec’s LPG logistics and expertise, will...
https://www.themaritimestandard.com/alliance-to-meet-saudi-arabias-lng-and-ammonia-shipping-needs/
Bahri, the National Shipping Company of Saudi Arabia, has signed a Murabaha revolving credit facility agreement totalling US$ 800 million with Al Rajhi Bank. The move is aimed at supporting and strengthening Bahri’s financial position, enhancing financial liquidity and funding its operational and capital needs.
Additionally, the partners say the new credit facility agreement provides Bahri with the means to achieve sustainable growth and achieve its long-term growth strategy, enabling it to...
https://www.themaritimestandard.com/bahri-signs-revolving-credit-facility/
The Saudi Ports Authority (Mawani) achieved slightly mixed results in 2024, with strong growth in some segments offset by reductions elsewhere.
Overall, Mawani reports an increase of 14.45% in total cargo throughput for 2024, handling 320.78 million tons, up from 300.54 million in 2023. Container exports were up by 8.86% to 2. 8 million TEU, while imported containers were up by 13.79% to 2.98 million TEU. However, total container throughput at Saudi ports fell by 10.93% to 7.52 million TEU, as a...
https://www.themaritimestandard.com/strong-overall-cargo-growth-at-saudi-ports/
Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec. Ahmed Ali Al Subaey, CEO of...
Given the continuation of the Houthi attacks and the overall tentative situation in the Middle East, Saudi Arabia’s strategic movements, particularly in its port and logistics sectors, could unfold under several potential scenarios in the next year.
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https://container-news.com/saudi-arabia-under-pressure-for-maritime-sector-development-in-2025/