Saudi Arabia launches a new "transport" service to connect it with Bahrain and the Far East
The Saudi Ports Authority "Mawani" announced today, Sunday, the launch of a new transshipment service to connect King Abdulaziz Port in Dammam (east) and Khalifa bin Salman Port in the Kingdom of Bahrain and Far East ports, in partnership with the Saudi International Ports and Shipping Line (OOCL).
Today, Sunday, the Saudi Press Agency "SPA" stated that the goal of the service is to "increase transhipment quantities, and enhance the flow of commercial traffic between the Kingdom and the countries of the region and the world."
Transshipment means the transfer of containers from ship to ship in the port, in preparation for transporting them to their final destination in what looks like transit.
SPA said that Mawani seeks to "raise the Kingdom's share in the transshipment market from 21% currently to 50% by 2030, in addition to gaining the largest share of maritime trade transiting the Red Sea," and aims to "attract an additional share." From transshipment operations around the world to Saudi ports through the implementation of a number of pioneering projects that will contribute to consolidating the Kingdom’s position as a global logistics center for logistics services, increasing the strength of linking Saudi ports with international ports, and attracting major international shipping line companies to it.
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