عربي English Türkçe اردو فارسى
Logo
Latest News
Business

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

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

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.

Most Viewed

 
 
Business

Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
TT
TT

Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.
Honda will consider supplying hybrid vehicles to Nissan as part of the plan, the report said, without citing the source of the information.
A merger of Honda, Japan's second-largest car company, and Nissan, its third-largest, would create the world's third-largest auto group by vehicle sales, behind Toyota and Volkswagen, making 7.4 million vehicles a year, Reuters said.
The two automakers forged a strategic partnership in March to cooperate in electric vehicle development, but Nissan has faced financial and strategic troubles in recent months.
As announced, Honda, "Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet,” a Honda spokesperson said, when asked about the report.
Nissan declined to comment, saying the details of the report were not based on a company announcement. Nissan is the top shareholder in Mitsubishi Motors.
Kyodo said Honda could use Nissan's car factory in Britain, as it now only has factories for engines and motorcycles in Europe.
The move comes amid concerns over how president-elect Donald Trump's policies may shake up manufacturing with his promises of protectionist trade policies, the report said.