Saudi Arabia: Mawani Reports Container Throughput Rises at Ports in June

Jeddah Islamic Seaport. Photo: Mawani
Jeddah Islamic Seaport. Photo: Mawani
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Saudi Arabia: Mawani Reports Container Throughput Rises at Ports in June

Jeddah Islamic Seaport. Photo: Mawani
Jeddah Islamic Seaport. Photo: Mawani

The ports supervised by the Saudi Ports Authority (Mawani) recorded an 18.66% increase in handled containers in June, reaching 696,839 twenty-foot equivalent units (TEUs), compared to 587,261 TEUs during the same month in 2024.

Transshipment containers also recorded an increase of 35.94%, reaching 164,999 containers, compared to 121,377 containers during the same month last year.

Export containers posted a strong increase of 17.79%, reaching 268,587 TEUs, compared to 228,031 TEUs during the same month of the previous year. Import containers grew by 10.68%, totaling 263,253 TEUs, compared to 237,853 TEUs during June 2024.

Total cargo throughput — general cargo, solid bulk, and liquid bulk — rose by 1.74%, reaching 21,464,070 tons, compared to 21,096,774 tons during the same month last year. General cargo reached 922,351 tons, solid bulk cargo 4,229,665 tons, and liquid bulk cargo 16,312,054 tons. The ports also received 959,188 head of livestock, marking a 47.35% decrease compared to 1,821,863 head during the same month last year.

Maritime traffic rose by 7.56%, with 1,039 vessels handled, compared to 966 vessels during the same month last year. Passenger traffic increased by 42.34%, reaching 78,698 travelers, compared to 55,289 during the same month of 2024. However, vehicle handling declined by 25.42%, totaling 75,437 vehicles, compared to 101,146 vehicles during the same month of the previous year.

Finally, in May 2025, Mawani reported a 13% increase in handled container volumes, reaching 720,684 TEUs, compared to 639,736 TEUs in June 2024.



Iraq Raises September Basrah Medium Crude OSP to Asia

Workers walk across pipelines at the Rumaila oil field in Basra, Iraq (Reuters)
Workers walk across pipelines at the Rumaila oil field in Basra, Iraq (Reuters)
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Iraq Raises September Basrah Medium Crude OSP to Asia

Workers walk across pipelines at the Rumaila oil field in Basra, Iraq (Reuters)
Workers walk across pipelines at the Rumaila oil field in Basra, Iraq (Reuters)

Iraq has raised the September official selling price (OSP) for Basra Medium crude oil to Asia to minus $4 a barrel against the average of Oman/Dubai quotes from the August OSP of minus $6.50 a barrel, state-owned Iraqi oil marketer SOMO said on Monday, Reuters reported.

Basrah Heavy to Asia was priced at minus $7.30 a barrel to Oman/Dubai quotes, from minus $8.80 a barrel set for August.

Type of North and South European Far East Crude American Market Market Market ($/bbl) Oil ($/bbl) ($/bbl) Basrah ASCI +5.10 Brent Average (Oman Medium (dated)-4.35 & Dubai)-4.00 Basrah ASCI +1.40 Brent Average


Turkish Central Bank Bought $5 billion in Foreign Exchange Last Week, Bankers Say

Central Bank of Türkiye - File Photo/Reuters
Central Bank of Türkiye - File Photo/Reuters
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Turkish Central Bank Bought $5 billion in Foreign Exchange Last Week, Bankers Say

Central Bank of Türkiye - File Photo/Reuters
Central Bank of Türkiye - File Photo/Reuters

The Turkish central bank bought $5 billion in foreign exchange last week, with its net reserves increasing $9 billion to $63 billion, bankers said on Monday, Reuters reported.

According to the calculations of four bankers, the central bank's total reserves increased $14 billion last week to $178 billion, while net reserves excluding swaps increased $9.5 billion to $50 billion. The central bank did not comment on the figures.

 

 

 


July US Container Imports Hit Fourth-highest on Record, Descartes Says

FILE PHOTO: Workers move shipping containers at the Port Authority of New York and New Jersey in, Newark, New Jersey, US, September 30, 2024. REUTERS/Caitlin Ochs/File Photo
FILE PHOTO: Workers move shipping containers at the Port Authority of New York and New Jersey in, Newark, New Jersey, US, September 30, 2024. REUTERS/Caitlin Ochs/File Photo
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July US Container Imports Hit Fourth-highest on Record, Descartes Says

FILE PHOTO: Workers move shipping containers at the Port Authority of New York and New Jersey in, Newark, New Jersey, US, September 30, 2024. REUTERS/Caitlin Ochs/File Photo
FILE PHOTO: Workers move shipping containers at the Port Authority of New York and New Jersey in, Newark, New Jersey, US, September 30, 2024. REUTERS/Caitlin Ochs/File Photo

US imports of containerized goods in July hit the fourth-highest level for the month, as shippers rushed in goods ahead of unknown US tariff changes, supply chain technology provider Descartes Systems Group said on Monday.

US seaports handled 2.5 million 20-foot equivalent units (TEUs) in July, down 4.3% from the near-record result in July 2025. Through the first seven months of 2026, imports were down 0.9% year over year while remaining ⁠well above pre-COVID pandemic ⁠levels, Descartes said.

In late July, 10% global Section 122 tariffs expired and were replaced by new tariffs of up to 12.5% on imports from 60 countries tied to allegations of forced labor.

Chinese-origin imports rose to 873,129 TEUs ⁠in July, the highest monthly volume in a year.

China sends more goods via container to the US than any other country, even after President Donald Trump has targeted such products with tariffs.

Retailers like Walmart, Amazon.com and Home Depot account for roughly half of all US container imports, Reuters reported.

The traditional peak shipping season tied to their imports of goods for autumn and winter holiday promotions ⁠has ⁠been arriving earlier and over a longer period of time as shippers have responded to a string of supply-chain upheavals ranging from the COVID-19 pandemic and the ongoing US and Israeli war on Iran to rapidly changing US tariff policies.

"The broader trade environment remains unsettled. Elevated Strait of Hormuz risk, changing US tariff measures, tighter Panama Canal draft restrictions, and continued Red Sea disruption are influencing freight costs, routing decisions, and sourcing strategies," Descartes said.