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Mawani Adds Silmar Group's ‘MXS1’ Shipping Service to Jeddah Islamic Port

Mawani Adds Silmar Group's ‘MXS1’ Shipping Service to Jeddah Islamic Port
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Mawani Adds Silmar Group's ‘MXS1’ Shipping Service to Jeddah Islamic Port

Mawani Adds Silmar Group's ‘MXS1’ Shipping Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) announced on Wednesday the addition of the Silmar Group's new cargo service "MXS1" to Jeddah Islamic Port, to help expand exports and imports, according to a vision supported by reliable and efficient operations, and a safe and sustainable environment, SPA reported.
The move is part of Mawani's endeavor to improve the Kingdom's position in the maritime network connectivity index, in line with the National Transport and Logistics Strategy's objective of consolidating Saudi Arabia's position as a global logistics center and a hub linking three continents.
The new cargo service, with a capacity of 2,076 standard containers, connects Jeddah Islamic Port to the ports of Mundra in India, Karachi in Pakistan, Mersin and Yarimca in Türkiye, and Jebel Ali in UAE.

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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
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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.