Saudi Arabia Asks Shipping Agents to Expedite Container Retrieval at Dammam Port

Saudi Arabia’s King Abdulaziz Port succeeded in handling 289,787 standard containers during March (Asharq Al-Awsat)
Saudi Arabia’s King Abdulaziz Port succeeded in handling 289,787 standard containers during March (Asharq Al-Awsat)
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Saudi Arabia Asks Shipping Agents to Expedite Container Retrieval at Dammam Port

Saudi Arabia’s King Abdulaziz Port succeeded in handling 289,787 standard containers during March (Asharq Al-Awsat)
Saudi Arabia’s King Abdulaziz Port succeeded in handling 289,787 standard containers during March (Asharq Al-Awsat)

The Saudi Ports Authority (Mawani) has told shipping agents and storage lessees at King Abdulaziz Port in Dammam to quickly pick up imported containers after customs clearance.

This comes after Mawani noticed delays at the port. They want containers and cargo collected promptly to avoid operational issues and ensure swift delivery to recipients.

Mawani announced on Sunday that King Abdulaziz Port in Dammam broke its own record by handling 289,787 standard containers in March.

This reflects the port’s ability to support trade and strengthen import and export supply chains to and from Saudi Arabia.

With 43 fully equipped quaysides and a capacity of up to 105 million tons of goods and containers, the port has advanced operational capabilities.

It also has specialized terminals, modern facilities, and equipment to handle various types of cargo, in line with the national transport and logistics strategy. This reinforces Saudi Arabia’s position as a global logistics hub.

To stay competitive, the port has established four integrated logistics zones, with investments exceeding SAR 1.2 billion ($320 million), in partnership with major international and national companies.

The port has added 12 new shipping services over the past year and 5 more since the beginning of 2024. This boosts services for importers, exporters, and shipping agents.

In a recent report, Saudi Arabia scored 248 points in the Maritime Network Connectivity Index, reflecting smooth goods flow and strong supply chains.

Mawani has launched 31 new shipping services with major global lines in the past year, and seven more since 2024 began.

They’ve also set up nine integrated logistics zones with investments over SAR 6 billion.

They’re also developing port infrastructure, investing SAR 7 billion in container terminals at King Abdulaziz Port in Dammam and SAR 1 billion in the northern part of Jeddah Islamic Port.

This aligns with the national transport and logistics strategy, cementing the Kingdom’s global logistics hub status.



Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.