Latest news with #logisticshub
Zawya
4 days ago
- Business
- Zawya
Saudi's Mawani, Petrotank to set up bunkering hub at Yanbu port
State-owned Saudi Ports Authority (Mawani) has signed a land lease contract with Riyadh-based National Petroleum & Petrochemical Tanks & Pipeline Co. (Petrotank) to set up an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu. The project will cover an area of 110,700 square meters, with a total investment of 500 million Saudi riyal ($133.24 million), Mawani said in a statement. The project will be operated under a 20-year lease. The addition of fuel and oil storage infrastructure aligns with the objectives of the National Transport and Logistics Strategy, which aims to support the Kingdom's status as a global logistics hub bridging three continents. Petrotank currently operates an existing fueling station at King Fahad Industrial Port in Yanbu, comprising eight tanks with a storage capacity of 114,000 cubic metres King Fahad Industrial Port spans 6.8 square kilometres, features 34 berths and 10 terminals, and has an annual throughput capacity of 210 million tonnes. (Editing by Anoop Menon) (
Argaam
4 days ago
- Business
- Argaam
MAWANI signs SAR 500M deal to establish marine bunkering hub at King Fahad Industrial Port
The Saudi Ports Authority (MAWANI) signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to build an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, with a total investment of SAR 500 million. The project will operate under a 20-year lease, MAWANI said in a statement. The project will cover an area of 110,700 square meters (sqm), helping to increase vessel traffic and elevate the Kingdom's ports regionally and globally. It also aligns with the objectives of the National Transport and Logistics Strategy (NTLS), which aims to solidify the Kingdom's standing as a global logistics hub bridging three continents. King Fahad Industrial Port in Yanbu is one of the Kingdom's primary industrial ports on the Red Sea coast, known for high handling capacity for various types of cargo, including refined products and petrochemicals. The port spans 6.8 sq km, features 34 berths and 10 terminals, with a capacity of up to 210 million tons.
Zawya
29-07-2025
- Business
- Zawya
Major surge in Bahrain air traffic
Bahrain recorded a marked increase in air traffic last month, with Bahrain International Airport handling a total of 780,771 passengers. This included 405,263 departures, 374,034 arrivals and 1,474 transit passengers. Aircraft movements reached 8,011 flights, comprising 4,007 departures and 4,004 arrivals. In addition, 40,436 aircraft transited Bahrain's airspace without landing. In the air cargo sector, Bahrain transported 30,351 tonnes of goods and mail. This included 10,909 tonnes of transit cargo, 7,518 tonnes of exports and 11,924 tonnes of imports. According to data from the Transportation and Telecommunications Ministry, Hyderabad in India emerged as the most travelled destination, with 14,133 passengers – a 67 per cent increase. Shanghai, China also witnessed significant growth, with 8,800 passengers, reflecting an 80pc increase. These figures reflect Bahrain's status as a leading logistics hub in the region, it said. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
17-07-2025
- Business
- Zawya
Qatar: Hamad Port handles 133,112 TEUs container volumes, RORO sees 48% increase in June
DOHA: Qatar's main gateway to world trade, Hamad Port enables seamless and secure cargo flow. It unlocks greater growth potential and strengthens the country's role as a key commercial and logistics hub in the region. In a post on its X platform, yesterday QTerminals the terminal operating company of Hamad Port stated, Hamad Port handled 133,112 TEUs (twenty-foot equivalent units) containers and received 132 vessels in June this year. The port witnessed a robust month-on-month growth in handling of RORO (roll on/roll off) vehicle units in June this year. Hamad Port, the largest eco-friendly project in the region and internationally recognised as one of the largest green ports in the world alone handled 9,871 units of RORO (vehicles) and registered a surge of 48 percent on monthly basis compared to May 2025. Meanwhile the total RORO (vehicles) units stood at 183,200 F/T in June this year witnessing a rise of 41 percent month-on-month basis. The bulk, break bulk handled in June this year stood at 102,104 F/T (freight tonnes), 22,571 F/T respectively. Recently, Hamad Port welcomed MSC CHARLESTON, marking the inaugural voyage of the new direct CHINOOK-CLANGA service by Mediterranean Shipping Company (MSC). This milestone highlights the accelerating growth of maritime trade through the port and strengthens Qatar's position as a leading regional logistics hub, in alignment with the Ministry of Transport's strategic plan. The new service represents a key strategic development, offering direct weekly sailings to major ports in East Asia and the West Coast of North America. This improves the flexibility and efficiency of supply chains while supporting Qatar's expanding role in regional and global logistics. The CHINOOK-CLANGA service links Hamad Port with key international ports including Colombo, Vung Tau, Haiphong, Yantian, Ningbo, Shanghai, Qingdao, Busan, Seattle, Prince Rupert, and Vancouver, providing customers with more diverse and efficient shipping options and strengthening Qatar's direct connections to some of the world's most vital trade centers. This development is part of the ongoing expansion of Hamad Port's maritime connectivity network, which offers direct and indirect shipping services to over 100 ports worldwide. This new route not only broadens the port's international connectivity but also opens new prospects for Qatar's foreign trade, with positive impacts on the national economy and key sectors. As one of the region's most advanced and largest ports, Hamad Port continues strengthening its position as a major logistics and maritime trade hub. With its modern facilities, efficient operations, and high handling capacity, the port is crucial in maintaining resilient and sustainable supply chains. The Port keeps moving forward firmly towards more powerful position as one of the key ports in the Middle East and the region. It targets achieving a more efficient logistics services industry in Qatar and the transformation into a leading global trade hub, thus enhancing its economic diversification plans in step with the Qatar National Vision 2030. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
01-07-2025
- Business
- Yahoo
Rail could boost exports in new Port of LA pact
The Port of Los Angeles has signed a Memorandum of Agreement to generate more export traffic for the port from California's Central Valley through an agreement with the city of Shafter and the developer of a logistics hub there. Central to the agreement is the Wonderful Logistics Center, a 3,400-acre development in Shafter, Calif. — 18 miles west-northwest of Bakersfield on the BNSF main line — owned by the Wonderful Co. The logistics hub and container depot already serves companies including Amazon (NASDAQ: AMZN), Ross (NASDAQ: ROST), Target (NYSE: TGT), and Walmart (NYSE: WMT). An international rail terminal is scheduled to open in 2026. 'Both The Wonderful Co. and the City of Shafter have a well-planned vision for creating jobs and promoting economic growth in the Central Valley, and the Port of Los Angeles stands ready to help,' Port of Los Angeles Executive Director Gene Seroka said in a release. 'This agreement represents our commitment to support faster and more efficient service to and from the Central Valley right to our terminals and to markets across the world.' The agreement calls for a pledge to develop two-way domestic and international traffic through the logistics center and the port; exporter outreach in the Central Valley; efforts to develop mutually beneficial business opportunities; and share best practices on workforce training and development. The agreement supports the port's effort to position the surplus of empty containers at its terminals and position them for agricultural exporters. 'Our partnership with the Port of Los Angeles marks a significant evolution in the supply chain, enhancing cargo velocity and enabling California's farmers to become more competitive and agile in the global marketplace,' said Sepehr Matinifar, vice president of logistics for the Wonderful Co. Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls aims to level playing field for railroad workers New partners connect rail camera network with telematics visibility Indiana port taps Louis Dreyfus to restart grain terminal House panel wrangles on rail safety technology The post Rail could boost exports in new Port of LA pact appeared first on FreightWaves. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
