The Saudi Ports Authority (MAWANI) has signed an investment agreement with Saffania Navigation Co. Limited to operate and maintain a bunker station at King Fahad Industrial Port in Yanbu.
The agreement was signed yesterday (14 February) by H.E. Omar Talal Hariri, President of MAWANI, and Captain Saud Elenzi, Chairman at Saffania Navigation.
As per the terms of the contract, Saffania Navigation will be bunkering fuel around the clock to incoming vessels through the terminal in addition to managing its operation and maintenance needs for a period of ten years.
The bunker station will feature storage tanks for bunker fuels, including heavy fuel oil and marine diesel oil, as well as pumping stations, pipeline networks, bunker measurement and metering stations, and heating and cathodic protection for bunker tanks and pipeline networks.
According to Hariri, the deal is expected to play an important role in transforming the Saudi ports sector into a global leader in shipping services in line with the objectives of the National Transport and Logistics Strategy (NTLS), which was launched last year.
As previously reported, in December, Minerva Bunkering announced the launch of a new marine fuels supply service in the Port of Yanbu.
Written by Rhys Berry Published: 15 February 2022