The Iran-aligned Houthi movement that controls most of northern Yemen hijacked a United Arab Emirates-flagged cargo vessel engaged in 'hostile acts' but which the Saudis said was carrying hospital equipment.The ship was heading to the Saudi port of Jizan, just north of Yemen, from the Yemeni Red Sea island of Socotra when it was attacked just before midnight on Sunday, Saudi state news agency SPA reported…
Saudi Arabia's crude oil loadings at its Yanbu port on the Red Sea are set to surge to a record 3.8 million barrels per day (bpd) in March, shipping data showed on Wednesday, after the U.S.-Israeli war on Iran effectively shut exports via the Strait of Hormuz…
Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near halt, sources said on Tuesday.Saudi Arabia and other regional Gulf oil producers…
In the presence of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority, Mawani, in collaboration with the National Center for Privatization, signed contracts to privatize…
