Mawani Reports Significant Cargo Growth at Saudi Ports in August

The Saudi Ports Authority (Mawani)
The Saudi Ports Authority (Mawani)
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Mawani Reports Significant Cargo Growth at Saudi Ports in August

The Saudi Ports Authority (Mawani)
The Saudi Ports Authority (Mawani)

The Saudi Ports Authority (Mawani) has announced a substantial increase in cargo tonnage handled at its ports during August 2024. The total tonnage reached 30,527,279 tons, reflecting a 26.57% growth compared to the same period in 2023.
According to Mawani, export containers surged by 18.76% to reach 258,955 TEUs. Import containers also significantly increased by 15.24% to reach 261,288 TEUs.
General cargo stood at 711,111 tons, bulk solid cargo amounted to 4,832,305 tons, and bulk liquid cargo reached 17,525,862 tons. Livestock imports, however, decreased by 24.27% to 422,449 heads.
While handled containers decreased by 5.01% to 685,647 TEUs, transhipment containers dropped by 40.29% to 165,404 TEUs; the overall cargo volume demonstrated robust growth.
Shipping traffic also decreased by 4.18% to 986 ships, and passenger numbers declined by 32.51% to 50,345. However, the number of cars shipped increased by 24.51% to 103,416.
The authority had previously reported a 9.11% increase in cargo tonnage for July 2024. Consistent cargo volume growth underscores Saudi ports' increasing efficiency and capacity. It aligns with the National Transport and Logistics Strategy, which aims to position Saudi Arabia 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.