Saudi Arabia’s Public Investment Fund, which is among the largest sovereign wealth funds in the world — announced its plans for launching a tourism project “THE RIG”.
IMO has signed three partnership agreements with the Kingdom of Saudi Arabia to support the preparation of a new global project that targets ship-based emissions.
A Singapore-flagged oil tanker was hit by an explosion off Saudi Arabia’s port city of Jiddah. According to reports, the explosion took place because of an external source.
In the Red sea, about 125 miles north of Saudi Arabia’s border with Yemen, an oil tanker has suffered a blast attack. The Athens-based TMS Tankers said the Maltese-flagged vessel was “attacked by an unknown source” after it had finished discharging and was equipping to depart the dock in Shuqaiq, Saudi Arabia.
The commitment from five of the Kingdom’s maritime leaders at the world-class Saudi Maritime Congress in Riyadh highlights the significant platform this allows to discuss how Vision 2030 will transform the Saudi economy.
A new technology, called ground level optical water cut (GLOW), allows checking the water content of a crude oil shipment in a safe and timely manner.
Lockheed Martin has been awarded the first contract for a quartet of frigates the company is building as part of a $20 billion foreign military sales package to Saudi Arabia, USNI News has learned.
The Authority explained that this global distinguished presence of the Kingdom is based on its membership in IMO and its membership in the International Anti-Piracy Group.
Saudi Aramco signed a contract with a consortium comprising Saudi Archirodon and Huta Hegerfeld AG Saudia for dredging, reclamation and marine structures for King Salman International Complex.
The aim of this initiative is to ensure all ships comply with BWM convention requirements, which has been ratified by Saudi Arabia and will become internationally enforced by 8 September 2017.