Saudi Arabia’s MAWANI Expands by Announcing Direct Jeddah-Djibouti Shipping Service

The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti (Asharq Al-Awsat)
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti (Asharq Al-Awsat)
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Saudi Arabia’s MAWANI Expands by Announcing Direct Jeddah-Djibouti Shipping Service

The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti (Asharq Al-Awsat)
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti (Asharq Al-Awsat)

The Saudi Ports Authority, MAWANI, has announced a new direct shipping service connecting Saudi Arabia to Djibouti in an important development that serves to leverage the significant potential of the Kingdom’s ports, bolster its petrochemicals exports and transshipment, and further expand its maritime network around the globe.

Connecting Jeddah Islamic port to Djibouti, with over 100 containers shipped weekly, the new service is a valuable new link between Saudi Arabia and the East African continent, promoting and facilitating intra-regional trade and enhancing opportunities for investment in the Kingdom, as well as supporting leading container transport company Transmar.

The Jeddah-Djibouti service marks an important milestone in the development of Jeddah Islamic Port as a world-leading hub, further solidifying its status as a rising force in the maritime industry and one of three Saudi ports included in the 2021 edition of Lloyd’s List of Top 100 Ports.

The Kingdom ranks fifth in the world in container ship handling, according to the UNCTAD annual index for 2020. As a result of consistent expansion and development, Saudi Arabia is home to the largest port network in the Middle East, receiving 20-25 thousand ships annually.

Ongoing initiatives have seen the Authority partner with several major international shipping lines as it works to enable, expand and transform Saudi ports, fulfilling national strategic objectives for the development of transport and logistics services under Saudi Vision 2030, and securing the Kingdom’s position as a global hub.

Earlier this week, MAWANI, in coordination with the Saudi Global Ports Co., announced launching a new direct service from China to King Abdulaziz Port Dammam.

The new service is offered by a consortium of vessels deployed by Pacific International Lines (PIL), Regional Container Lines (RCL), and CULines (CUL), the authority said in a statement.

The move aims to strengthen MAWANI’s efforts to develop Saudi Arabia as a global leader in logistics and transportation, as well as boost the linking between Saudi ports to the other ports in the world.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.