Mawani Reports Significant Cargo Growth at Saudi Ports in September 2024

Mawani Reports Significant Cargo Growth at Saudi Ports in September 2024
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Mawani Reports Significant Cargo Growth at Saudi Ports in September 2024

Mawani Reports Significant Cargo Growth at Saudi Ports in September 2024

The Saudi Ports Authority (Mawani) has reported a 7.82% surge in the total cargo tonnage handled at its ports in September 2024, hitting 28,097,022 tons, up from 26,058,554 tons in the same period in 2023.
According to Mawani, export containers saw a 9% rise, reaching 255,606 TEUs, while the figure stood at 234,663 TEUs in September 2023.

Similarly, import containers rose by 18% to 258,007 TEUs, a noticeable increase from 217,933 TEUs the preceding year, SPA reported.
The total general cargo stood at 975,406 tons, bulk solid cargo at 4,473,019 tons, and bulk liquid cargo at 15,277,608 tons. Livestock arrivals saw a 35.58% decline, with 343,952 heads of livestock received, compared to 533,948 in September 2023.
The total number of containers handled amounted to 673,124 TEUs, reflecting an 8.08% decrease compared to the 732,319 TEUs handled the previous year. Transhipment containers decreased by 42.98%, down to 159,511 TEUs from 279,723 TEUs in 2023.
Shipping traffic dropped by 5.18%, to 988 ships from 1,042 ships in 2023. The number of passengers fell by 39.46%, with 44,166 passengers recorded this September, compared to 72,956 passengers the previous year. Notably, the shipment of cars saw an increase of 10.51%, the number reaching 98,087, while it stood at 88,755 in 2023.
Mawani had reported a 26.57% increase in cargo tonnage for August 2024. Exported containers grew by 18.76%, reaching 258,955 TEUs, over the corresponding period in 2023.
These results support the National Transport and Logistics Strategy of consolidating the Kingdom's position as a global logistics hub.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.