When the pandemic gripped the world in early 2020, countries announced lockdowns to contain its impact, temporarily leading to a decline in consumer demand. That made shipping lines assume they would need fewer vessels in operation and readjust their capacity, routes and operations. Fast forward to August 2020, and freight rates started climbing as demand for shipping services
A. P. Moller Maersk, an integrator of container logistics, has signed an agreement with Saudi Ports Authority, Mawani, committing to an investment of $136 million (510 million.
Saudi Ports Authority (MAWANI) today signed an agreement with A. P. Moller – Maersk, global integrator of container logistics, committing to an investment of 136 million USD (510 million SAR) over a period of 25 years to set up an Integrated Logistics Park at Jeddah Islamic Port in Saudi Arabia. The signing took place in .
A. P. Moller – Maersk, global integrator of container logistics, today signed an agreement with Saudi Ports Authority “Mawani” committing to an investment of 136Million USD (510 million Saudi Riyals) over a period of 25 years to set up an Integrated Logistics Park at the Jeddah Islamic Port in Saudi Arabia. The agreement was signed .
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities