17.9 C
Tuesday, July 7, 2020
Home Services DP World and MAWANI launch new shipping line

DP World and MAWANI launch new shipping line

The Saudi Ports Authority (MAWANI) has partnered with DP World, the Dubai-based major logistics provider, to launch the first direct shipping line connecting United Arab Emirates’ (UAE) Jebel Ali Port in Dubai with Egypt’s Sokhna Port through Jeddah Islamic Port.

The new shipping line, which is the fourth to be launched by MAWANI in 2020, heralds a new era in the region’s shipping industry, as it aims to provide shipping services on the Red Sea coast.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World
Sultan Ahmed Bin Sulayem, Group chairman and CEO of DP World

“The launch of the first dedicated shipping service connecting Jebel Ali, Jeddah and Sokhna will be a game changer in promoting the much-needed intra-regional trade,” stated DP World Group chairman and CEO, Sultan Ahmed Bin Sulayem, who added, “The shipping line will directly benefit the Arab world’s three largest markets.”

Under the agreement, DP World will invest up to US$500 million to improve and modernise the Jeddah Islamic Port, including major infrastructure development to enable the port to serve the world’s largest mega containerships, ultra-large container carriers (ULCC).

The move has been taken under the supervision and follow-up of the Saudi minister of transport, Eng. Saleh Bin Nasser Al-Jasser. The Ministry of Transport’s vision has been focused on linking the Kingdom to the surrounding countries by sea, land and air in a strategy aimed to unlock opportunities and connecting it intermodally with Europe and Africa.

“The line will also help facilitate trade across all the global supply chains, increase transhipment volumes and gain an upgraded share of the ships on the Red Sea Coast,” said MAWANI president, Eng. Saad Alkhalb.

DP World in December last year was awarded a 30-year build-operate-transfer concession by MAWANI, for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

BoxBay real-life test operations to launch this summer

DP World, the Dubai-based logistics company, has completed the assembly of the world’s first container High Bay Store system (HBS) at Jebel Ali Port. BoxBay...

US exporters more likely to misdeclare dangerous cargo says NCB

In a recent survey of US export containers the National Cargo Bureau (NCB) found that 38% of containers had misdeclared cargo, according to a...

Seoul mandates comprehensive freight disclosures

South Korea's Ministry of Oceans and Fisheries (MOF) has acted to improve the transparency of container freight charges so that shippers will be better...

CMA CGM launches new Round The Africa service

CMA CGM has introduced its new product Round The Africa (RTA) service in complement of the current existing 31 services to Sub-Saharan Africa, aiming...

DCSA accelerates shipping digitalisation with new OVS exchange standards

Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further the digitalisation of container shipping technology, has published standards for the exchange...