Shipping & Logistics
July 2017

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has added its 38th very large crude carrier (VLCC) to its growing fleet of multipurpose vessels. The vessel, Maharah, a 300,000-dwt carrier, was built by Hyundai Heavy Industries in South Korea.






July 2017

Saudi Arabia-based Almajdouie Logistics has been presented with Frost & Sullivan’s ‘2017 KSA domestic logistics service provider of the year award’ for the second consecutive year.






July 2017

There were 85 vessels reported as total losses around the shipping world in 2016, down 16 per cent compared with a year earlier (101), according to the fifth annual Safety & Shipping Review 2017 released by Allianz Global Corporate & Specialty SE’s (AGCS).






July 2017

The global market for superyachts is projected to display a robust growth represented by a compound annual growth rate (CAGR) of 7.26 per cent during 2017 – 2022, chiefly driven by rising number of ultra-wealthy clientele, according to a report.






July 2017

Honeywell has announced a new Connected Freight solution that gives shippers and logistics companies the ability to monitor shipments of high-value and perishable goods, helping prevent costly damage and loss.






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