Wednesday, September 25, 2019

Another Ocean Container Line Starts Operations at Deep Water Port

As It Returns to Profit Box Carrier Expands Operations
Shipping News Feature

SAUDI ARABIA – The battle for traffic between the Gulf States continues as King Abdullah Port announced this week that OOCL has added to the number of ocean container carriers operating out of the 18 metre deep water facilities there.

As with its Arabian rivals, King Abdullah Port sits in a strategic position on one of the most important international maritime shipping lanes and has developed the integrated infrastructure and logistics services we now associate with the ‘new’ ports. Officially inaugurated last February by HRH Crown Prince Mohammed bin Salman, King Abdullah Port was ranked the second fastest-growing port in the world in 2018 by Alphaliner as the port’s throughput increased from 1.7 million TEU in 2017 to 2.3 million TEU in 2018.

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. The port is located near the Industrial Valley, the Bonded & Re-export Zone, and major Saudi cities such as Jeddah, Holy Makkah and Al Madinah, which combined constitute a main commercial centre in the Kingdom. 

The Saudi port also enjoys close proximity to Madinat Yanbu’ as Sina’iyah, which is witnessing a massive trade movement in the field of petrochemicals, and it is linked to a road network that facilitates the process of transporting goods by land to and from ships to Riyadh, Dammam, and other cities in the Arabian Gulf.