World’s leading shipping company, Maersk will set up an integrated logistical hub at King Abdullah Port to provide comprehensive logistics services for petrochemical exporters, the company said in a statement, Arab News reports.
The hub, a non-bonded warehouse, aims to cover an important logistical requirement of exporters who already have access to Maersk’s solutions such as landside movement of cargo, customs clearance, and ocean logistics.
It will also serve as the focal supply chain solution, primarily for Saudi Arabia’s petrochemical exporters.
“The Maersk Integrated Logistics Hub at the King Abdullah Port is an important milestone on our journey of providing integrated logistics solutions for our customers in Saudi Arabia, said Mohammad Shihab, managing director of Maersk Saudi Arabia. “The multi-carrier origin hub for petrochemical exporters is an affirmation of our commitment to serving Saudi Arabia’s trade and simplifying our customers’ supply chains.”
Maersk hope to handle 1 million metric tons at the warehouse by the third year. Exporters based out of the manufacturing hub of Yanbu will now have to truck their cargo only 200 km for loading onto vessels, compared to the almost 350 km to Jeddah, earlier, Arab News notes.
King Abdullah Port, under construction, is located on the Red Sea. The port the Middle East’s first privately owned, developed and operated port and is expected to handle 25 million TEU, 1.5 million CEU and 25 million tons of clean bulk cargo annually.
Maersk to set up integrated petchems Logistics Hub at King Abdullah Port
