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Saudi Arabia News

Saudi Aramco petroleum storage site hit by Houthi attack, fire eruptsSaudi Aramco petroleum storage site hit by Houthi attack, fire eruptsThe Saudi-led coalition says the barrage of drone and missile attacks by the Yemeni rebel group did not cause any casualties.26 March 2022 Saturday 10:30
Saudi Superyacht Dispute Pits Credit Suisse Against Gulf PrinceSaudi Superyacht Dispute Pits Credit Suisse Against Gulf PrinceIn a London lawsuit filed in November, the Swiss bank said that two companies defaulted on a pair of loans it provided for refinancing the luxury purchases.05 January 2022 Wednesday 00:00
Middle East shipping patterns change as Qatari standoff endsMiddle East shipping patterns change as Qatari standoff endsMiddle Eastern shipping patterns are set for change once again with news yesterday that the three-year diplomatic standoff between Qatar and its Arab neighbours has come to an end.06 January 2021 Wednesday 12:05
Explosive Found on Dynacom Tanker Off IraqExplosive Found on Dynacom Tanker Off IraqAn oil tanker off the coast of Iraq discovered an explosive object attached to its hull, the latest incident highlighting the risk to ships in the waters near the Arabian peninsula.01 January 2021 Friday 12:00
Explosive-laden boat cited in Jeddah tanker attackExplosive-laden boat cited in Jeddah tanker attackBW subsidiary Hafnia had merely described yesterday’s attack as coming from an “external source” whilst discharging at Jeddah. All 22 seafarers have been accounted for with no injuries.15 December 2020 Tuesday 13:00
Hafnia tanker at Jeddah becomes latest mine victimHafnia tanker at Jeddah becomes latest mine victimBW Rhine, a Singapore-flagged LR1 product tanker belonging to the fleet of Hafnia, has been hit from an “external source” whilst discharging at Jeddah just after midnight today, according to a release from the BW subsidiary.14 December 2020 Monday 14:06
Developing Mega Container Port in Saudi ArabiaDeveloping Mega Container Port in Saudi ArabiaEfforts are proceeding to develop Saudi Arabia’s King Abdulaziz Port Dammam (KAPD) into a mega container terminal and regional hub for shipping.09 October 2020 Friday 13:00
Saudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import BanSaudi Arabia May Re-Route Tankers if U.S. Imposes Crude Import BanSaudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping and trade sources say.23 April 2020 Thursday 17:40
Saudi Arabia Buys 8.2 Pct Stake in Carnival CorporationSaudi Arabia Buys 8.2 Pct Stake in Carnival CorporationThe Public Investment Fund from Saudi Arabia has taken 8.2 percent stake in the world’s largest cruise shipping company Carnival Corporation.07 April 2020 Tuesday 13:57
Saudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksSaudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksTop exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments.24 March 2020 Tuesday 09:45
TGA Vice Chairman: Registering Ships under Saudi Arabia’s Flag Now Takes Less Than 2 MinutesTGA Vice Chairman: Registering Ships under Saudi Arabia’s Flag Now Takes Less Than 2 MinutesThe growth of the Saudi Arabian flagged fleet by 28 percent in 2018 can be largely attributed to improvements achieved by the country’s maritime authority06 November 2019 Wednesday 17:05
LPG Shipping Market Brushes off Saudi Arabia Drone AttacksLPG Shipping Market Brushes off Saudi Arabia Drone AttacksThe September drone attacks on Saudi Arabian oil facilities that affected 60% of the country’s LPG production did not end up having a considerable impact on the global LPG shipping market, according to maritime research consultancy Drewry.03 October 2019 Thursday 15:37
SAMINavantia Starts Construction Of First RSNF Corvette In CadizSAMINavantia Starts Construction Of First RSNF Corvette In CadizSAMI Navantia Naval Industries (SAMINavantia), a joint venture between Saudi Arabian Military Industries (SAMI) and Navantia S.A., marked the launch of construction for the first of five Avante 2200 corvettes with an official keel-laying ceremony in Cadiz03 October 2019 Thursday 09:56
UAE joins U.S.-led coalition for maritime securityUAE joins U.S.-led coalition for maritime securityThe United Arab Emirates (UAE) has agreed to join the International Alliance for the Safety and Protection of Maritime Navigation to secure sea lanes, Salem Al Zaabi, director of security cooperation21 September 2019 Saturday 09:54
Yemen's Houthis propose truce with Saudi ArabiaYemen's Houthis propose truce with Saudi ArabiaYemen's Houthi rebel group announced Friday that they had halted attacks on Saudi Arabia and called on Riyadh to make a similar move.21 September 2019 Saturday 09:50
Saudi Arabia joins US-led maritime coalition after attackSaudi Arabia joins US-led maritime coalition after attackSaudi Arabia said Wednesday it joined a U.S.-led coalition to secure the Mideast’s waterways amid threats from Iran after an attack targeting its crucial oil industry.18 September 2019 Wednesday 09:5
Brent Oil Rises to Over $81 for Week BeginningBrent Oil Rises to Over $81 for Week BeginningInternational crude benchmark Brent increased to $81.42 per barrel at 06.54 GMT on Monday, while American benchmark West Texas Intermediate (WTI) saw prices of $71.97 per barrel.10 November 2018 Saturday 13:30
Saudi Shipper Bahri to Seek Acquisitions in AsiaSaudi Shipper Bahri to Seek Acquisitions in AsiaSaudi Arabia’s Bahri is targeting acquisitions in Asia and the Middle East as the exclusive oil shipper for state energy giant Saudi Aramco seeks to expand its reach, the chief executive said on Wednesday.08 November 2018 Thursday 11:40
Saudi Arabia May Invest Billions in Pakistani Port of GwadarSaudi Arabia May Invest Billions in Pakistani Port of GwadarPakistani officials confirmed Thursday that Saudi Arabia will make heavy investments in the China Pakistan Economic Corridor (CPEC), a central pillar of China's international Belt and Road Initiative (BRI) of infrastructure projects.21 September 2018 Friday 09:30
Saudi Arabia Considers Building Oil Port in YemenSaudi Arabia Considers Building Oil Port in YemenSaudi Arabia may be planning to construct an oil terminal in al-Mahra, Yemen, an area that Saudi-allied forces currently control.25 August 2018 Saturday 11:00
Saudi Arabia Halts Oil Shipments Through Bab el-MandebSaudi Arabia Halts Oil Shipments Through Bab el-MandebOn Wednesday, Saudi Arabia's state oil company announced that it would suspend all shipments through the Strait of Bab el-Mandeb after an attack on its tankers off the coast of Yemen.26 July 2018 Thursday 10:45
Saudi Arabian OSV operator implements ABS NS software fleet wideSaudi Arabian OSV operator implements ABS NS software fleet wideABS and Saudi Arabia's Rawabi Vallianz Offshore Services (RVOS) are finalizing implementation of the ABS Nautical Systems (NS) fleet management software across its fleet of 44 offshore support vessels (OSVs).27 June 2018 Wednesday 14:49
Saudi Arabia and UAE Announce Plan to Protect Shipping Lane to Yemen’s Hodeidah PortSaudi Arabia and UAE Announce Plan to Protect Shipping Lane to Yemen’s Hodeidah PortSaudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen’s Hodeidah port and surrounding areas on Wednesday, after a Saudi-led alliance of Arab states launched an attack on Yemen’s Houthi-held main port city.14 June 2018 Thursday 11:30
Saudi Arabia to keep June Crude Oil Supply SteadySaudi Arabia to keep June Crude Oil Supply SteadySaudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to two refiners in Asia in June, two sources with knowledge of the matter said on Thursday.11 May 2018 Friday 17:32
China-Bound U.S. Sorghum Cargoes Diverted to Saudi Arabia, JapanChina-Bound U.S. Sorghum Cargoes Diverted to Saudi Arabia, JapanThree of the cargoes are now sailing for Saudi Arabia after being sold to a private buyer, a U.S. trader and a Middle East-based trading source with knowledge of the matter said Tuesday.25 April 2018 Wednesday 12:55
Saudi Arabia Expects No Oil Supply Impact from Houthi Tanker AttackSaudi Arabia Expects No Oil Supply Impact from Houthi Tanker AttackAn attack on a Saudi tanker by Yemen’s Houthis will not hit oil supplies, Saudi Arabia’s energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians.05 April 2018 Thursday 12:09
Construction Begins on Saudi Arabia’s Massive Persian Gulf Maritime YardConstruction Begins on Saudi Arabia’s Massive Persian Gulf Maritime YardConstruction work has begun on a joint venture to build a shipyard on Saudi Arabia’s eastern coast, oil rig builder Lamprell Plc said in a statement on Friday.17 March 2018 Saturday 12:11
Saipem Bags New Offshore Contract in Saudi Arabia, West AfricaSaipem Bags New Offshore Contract in Saudi Arabia, West AfricaSaipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021.04 December 2017 Monday 16:31
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