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/
Saudi Arabia’s Jana Marine Services has returned to CSSC Wuhan Marine Machinery Plant for a pair of new accommodation jackup vessels. The newbuilds will comply with the relevant management system and design and construction standards of Saudi Aramco for operations in the Persian Gulf after...
https://splash247.com/jana-marine-orders-more-accommodation-jackups-in-china/
The new Yanbu Grain Handling terminal started commercial operations on December 22nd. The facility, operated by the National Grains Company, a joint venture between Bahri and SALIC, is located within Yanbu Commercial Port and will focus on the handling of feed grains.
The Saudi Red Sea facility includes 12 silos with a storage capacity of 96,000 tons and has a total annual handling capacity of 3 million tons. The terminal is equipped with a 650m long conveyor belt that enables direct unloading...
https://www.themaritimestandard.com/official-opening-of-new-yanbu-grain-terminal/
Saudi oil and gas driller ADES has secured its second contract in Thailand, marking the fourth redeployment of one of its suspended jackup rigs in the Kingdom. The deal, estimated at about $276m, covers a firm five-year term for the Admarine 503 rig with a three-year extension option attached, the...
https://splash247.com/ades-seals-second-jackup-rig-deal-in-thailand/
Offshore engineering and services player Subsea 7 has won three new deals for work in the US Gulf of Mexico and Saudi Arabia. Supermajor Shell contracted the company for the engineering, procurement, construction, and installation of a production flowline and related subsea infrastructure at...