Latest news from Heavy Lift & Project Forwarding International Magazine

New ship deal for NSCSA

June 29 - The National Shipping Co. of Saudi Arabia has signed a 'murabaha' financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for SR822.6 million (USD219.3 million) that will finance 80 percent of the cost to construc

NSCSA, which has an option for two additional ships, revealed that these ships will be used in a liner service connecting the U.S. East Coast to the Middle East (Red Sea-Arabian Gulf) and to the Indian Subcontinent via Europe, replacing four ships approaching the end of working lives.

The contract for the ships was originally signed in early March - see the news item on this website - and delivery is expected to start towards the end of 2012.

Chief executive officer, Eng. Saleh Nasser Al-Jasser said the 26,000 dwt ships will be able to carry containers, general freight as well as project and ro-ro cargoes. The ships are equipped with heavy lift cranes and despite a lower deadweight than the ships which they are replacing, these new ships have a larger capacity and lower fuel consumption.

The July/August edition of HLPFI will include a market report on the Kingdom of Saudi Arabia. For last minute advertising or editorial opportunities, please contact Luke King - luke@heavyliftpfi.com

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 120
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 316
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 363
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 344

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