RSGT and CMA CGM Commit 434 Million Dollars to Jeddah Terminal
Red Sea Gateway Terminal and CMA CGM have signed an agreement to develop and operate a terminal at Jeddah Islamic Port in an investment worth about $434m.
Houthi Missile Strike Hits Bahri VLCC Amzan in the Red Sea
The Saudi-flagged VLCC Amzan was struck 63 nautical miles west of Yanbu, extending the Houthi campaign to the kingdom's main alternative crude export route.
Saudi Arabia Was July's Top Buyer of Russian Seaborne Fuel Oil
Saudi Arabia took 1.1 million tonnes of Russian fuel oil and VGO in July, down 18% on June, as summer power demand kept the discounted barrels flowing east.
Thirteen States Complete Accession To Saudi-Led Maritime Coalition
Thirteen countries have formally joined a Saudi-led multinational maritime defence coalition after completing national procedures and signing its charter, while fifteen states have signed the initiative's joint statement.
Saudi Arabia Leads Fourteen Nations In New Red Sea Defence Alliance
Saudi Arabia and thirteen other states have declared a new maritime defence alliance to protect shipping through the Bab el-Mandeb Strait, the Red Sea and the Gulf of Aden, with a permanent headquarters in the kingdom.
Saudi crude keeps loading despite Houthi blockade threat
Saudi crude exports through the Red Sea have continued at close to normal levels despite a Houthi maritime blockade declared on 20 July.
Houthis strike fourth Saudi-linked tanker since declaring blockade
The group targeted the chemical and products tanker NCC Ghazal with ballistic missiles, keeping pressure on the Red Sea despite a partial traffic recovery.
Houthis claim strikes on two Saudi tankers in the Red Sea
A Yemeni armed movement has claimed strikes on two Saudi oil tankers in the Red Sea, its first attacks since declaring a blockade.
Houthis declare a naval blockade on Saudi Arabia
A Yemeni armed movement has declared a naval blockade on Saudi Arabia, threatening vessels linked to the kingdom.
Kent lands new framework agreements with Saudi Aramco
Energy services group Kent has signed a fresh set of long-term agreements with Aramco, strengthening its position in Saudi Arabia's oil and gas services market.
Saudi Arabia's Mawani adds a Maersk service to Jeddah Islamic Port
Saudi Arabia's ports authority has added a Maersk service to Jeddah Islamic Port, strengthening the Red Sea hub's connections to the US, Morocco, Oman and India.
Arabian Drilling restarts three offshore rigs after precautionary halt
Arabian Drilling has been cleared to resume three offshore rigs that were suspended earlier in the year as a precaution against regional tensions.
ADES acquires Saipem's Saudi drilling business in $285m deal
Saudi driller ADES has agreed to acquire Saipem's Saudi subsidiary and its five jackup rigs for $285m, expanding its fleet to 88 units and entering the Mexican market.
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