Monday, November 1, 2021

Maersk to Set Up Logistics Park at Saudi Arabia’s Jeddah Islamic Port

Danish shipping giant Maersk has signed an agreement with Saudi Ports Authority “Mawani” to set up an Integrated Logistics Park at the Jeddah Islamic Port in Saudi Arabia. The agreement...

November 1, 2021
Total Views: 1232

Saturday, October 16, 2021

“THE RIG.”, Your Family’s Next Vacation Destination?

Riyadh, KSA-The Public Investment Fund (PIF) announced today the launch of “THE RIG.”, a new tourism project. Inspired by offshore oil platforms, “THE RIG.” will be located in the Arabian...

October 16, 2021
Total Views: 4854

Saturday, October 9, 2021

Saudi Royal Navy and Pakistan Navy Carry Out Live-Exercise In Arabian Sea

October 9, 2021
Total Views: 1204

Wednesday, March 24, 2021
port of Hodeidah, Yemen

4 Product Tankers Allowed To Dock At Yemen’s Red Sea Port

by Aziz El Yaakoubi (Reuters) – The Saudi-led coalition has allowed four tankers to dock at Yemen’s Red Sea port of Hodeidah, two sources familiar with the matter said, after...

March 24, 2021
Total Views: 1363

Monday, March 8, 2021
Ras Tanura Sea Island Terminal saudi aramco

World’s Largest Oil Export Port Attacked By Yemen’s Houthi Rebels

By Anthony Di Paola, Vivian Nereim, Javier Blas and Sylvia Westall (Bloomberg) –Saudi Arabia said some of the world’s most protected oil infrastructure came under missile and drone attack in...

March 8, 2021
Total Views: 5515

Saturday, March 6, 2021
Photo of Shipment of high-grade blue ammonia

Saudi Arabia’s Plan To Dominate The $700B Hydrogen Export Market

By Verity Ratcliffe (Bloomberg) –Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global...

March 6, 2021
Total Views: 11079

Wednesday, March 3, 2021

Saudi Arabia to Ship Gas to South Korea and Take CO2 Back

By Verity Ratcliffe, Seyoon Kim and Kyunghee Park (Bloomberg) — Saudi Arabia plans to ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide...

March 3, 2021
Total Views: 1432

Wednesday, January 20, 2021
vlcc tanker

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...

January 20, 2021
Total Views: 3094

Tuesday, January 5, 2021

From Embargo to Embrace, Saudi Arabia Pushes Gulf Detente

By Aziz El Yaakoubi AL-ULA, Saudi Arabia, Jan 5 (Reuters) – Embracing Qatar’s ruler, Saudi Arabia’s Crown Prince pushed a deal to end a bitter row with Doha at a...

January 5, 2021
Total Views: 714

Monday, December 14, 2020

Fuel Tanker Hit by Blast at Saudi Port as Red Sea Attacks Mount

By Paul Wallace, Sharon Cho, Verity Ratcliffe and Nourhan Samra (Bloomberg) — A ship was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red...

December 14, 2020
Total Views: 4502

Tuesday, June 30, 2020
vlcc tanker
Maritime News

Saudi Arabia Makes Good on OPEC+ Oil Cuts

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this month fell...

June 30, 2020
Total Views: 15

Wednesday, April 29, 2020
tanker at sea
Maritime News

Saudi Oil Flotilla Faces Congested U.S. Ports

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time...

April 29, 2020
Total Views: 24

vlcc tanker
Maritime News

Saudi Crude Buyers Cancel at Least 7 Supertankers After Freight Hike – Sources

LONDON, April 29 (Reuters) – U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two industry sources said, likely to...

April 29, 2020
Total Views: 26

Wednesday, April 22, 2020
tanker at sea
Maritime News

Saudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import Ban

By Jonathan Saul, Devika Krishna Kumar and Olga Yagova LONDON/NEW YORK/MOSCOW, April 22 (Reuters) – Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the...

April 22, 2020
Total Views: 12

Friday, April 10, 2020
oil tanker at anchor
Maritime News

OPEC+ Outlines Record Oil Cut

By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth...

April 10, 2020
Total Views: 41

Wednesday, April 8, 2020
oil tanker
Maritime News

Oil Tanker Freight Rates Fall Ahead of OPEC+ Meeting

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the outcome of a meeting of oil producers on...

April 8, 2020
Total Views: 37

Thursday, April 2, 2020
vlcc tanker
Maritime News

Oil Posts Biggest Single-Day Gain After Trump Touts Saudi-Russia Oil Deal

By Scott DiSavino NEW YORK, April 2 (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi...

April 2, 2020
Total Views: 29

Monday, March 23, 2020
ships at anchor
Maritime News

Saudi Arabia Tanker Power Play Could Backfire as Oil Demand Shrinks

By Jonathan Saul and Dmitry Zhdannikov LONDON, March 23 (Reuters) – Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in...

March 23, 2020
Total Views: 37

Wednesday, March 18, 2020
oil tanker
Maritime News

Oil’s 24% Plunge in a Day Signals No End in Sight for Meltdown

By Alex Longley, Javier Blas and Jackie Davalos (Bloomberg) — Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month....

March 18, 2020
Total Views: 40

Thursday, March 12, 2020
Maritime News

Saudi Arabia Floods Market with Cheap Oil to Squeeze Out Russia

By Olga Yagova and Gleb Gorodyankin MOSCOW, March 12 (Reuters) – Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering...

March 12, 2020
Total Views: 66