Business

Turkiye Libya Express service added to Jeddah port

The Saudi Ports Authority (Mawani) has announced the inclusion of Jeddah Islamic Port to the Turkiye Libya Express (TLX) service by container shipper CMA CGM in partnership with the Red Sea Gateway Terminal (RSGT).

The weekly sailing, which kickstarted early-July, connects Jeddah to eight global hubs including Shanghai, Ningbo, Nansha, Singapore, Iskenderun, Malta, Misurata, and Port Klang through a fleet of nine ships and a capacity exceeding 30,000 TEUs, said a statement from Mawani.

The new maritime linkage bolsters Jeddah port’s strategic position along the busy Red Sea trade lane, which recently posted a record-breaking throughput of 473,676 TEUs during June thanks to large-scale infrastructure upgrades and investments, while further enhancing the kingdom’s rankings in major indices as well as its standing on the global logistics front as per the roadmap set by Saudi Vision 2030,it stated.

Mawani said the current year has seen a historic addition of 20 cargo services so far, a fact that enabled the kingdom’s rise in the Q2 update of UNCTAD’s Liner Shipping Connectivity Index (LSCI) to the 16th position in a list that includes 187 countries.

The nation had similarly recorded a 17-place leap in the World Bank’s Logistics Performance Index to the 38th spot, in addition to the 8-place jump in the 2023 edition of the Lloyd’s List One Hundred Ports, it added.

Source
tradearabia

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