Vessels in port
Bulk terminal deal for King Abdullah Port
King Abdullah Port has signed a 25-year agreement with AMSteel to operate its first bulk and general cargo terminal berth. Management for the port, which is the first fully privately-owned, developed and operated commercial port in Saudi Arabia, said that it anticipates that operations at the terminal will begin in the second quarter of 2018. AMSteel’s warrant to operate the terminal lasts for 25 years, with King Abdullah Port’s first stage of bulk and general cargo terminals set to have a three million-tonne capacity.
King Abdullah Port bulk cargo terminal operational early '17
0 November 2016 DUBAI — King Abdullah Port’s management expects to finalize the first phase of bulk cargo terminals with a capacity of three million tons, in addition to the RORO (roll-on/roll-off) terminals with a capacity of 300,000 CEU by the beginning of 2017. In a statement issued on the sidelines of Seatrade Maritime Middle East Exhibition at the Dubai World Trade Center, Eng. Abdullah Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port, said that King Abdullah Port was able to significantly enhance its capabilities and is currently moving towards important achievements in terms of the project’s development in general and the operations taking place, referring to the increase of the annual throughput in King Abdullah Port, which reached 1.27 million TEU in 2015 and is expected to be surpassed by the end of this year despite the global trade slowdown. http://www.zawya.com/mena/en/business/story/Saudi_King_Abdullah_Port_bulk_cargo_terminal_operational_early_2017-ZAWYA20161110051433/
King Abdullah Port Ranked Fastest Growing Port in the World
King Abdullah Economic City, A report issued in 2016 by Container Management magazine, a British global leader specialized in ports, navigation, maritime transportation and container handling, showed that King Abdullah Port is ranked by far the fastest growing of any in the publication’s list of top 120 ports. The report pointed out that King Abdullah Port’s success in achieving rapid growth comes in light of the challenges faced by the market and a slowing down of global economic growth, with the oil sector the most affected. King Abdullah Port was able to significantly enhance its capabilities and is currently moving towards important achievements in terms of the project’s development in general and the operations taking place. In 2015, the annual throughput in King Abdullah Port doubled, reaching 1.3 million TEU, while the annual handling capacity increased by 50%, reaching 3 million TEU. The management of King Abdullah Port expects to finalize the first phase of bulk cargo terminals with a capacity of 3 million tons, in addition to the RORO (roll-on/roll-off) terminals with a capacity of 300,000 CEU by the beginning of 2017. This comes specifically after announcing the strategic move of signing an SAR 2.7 million financial agreement with both SABB and ANB, which reflects the banking sector’s trust in King Abdullah Port. http://www.hellenicshippingnews.com/king-abdullah-port-ranked-fastest-growing-port-in-the-world/Upload News