Media ININ Economy We Trust
Media In / Riyadh June 16, 2019
The Board of Directors of the Saudi Ports Authority agreed to reduce the handling fees and adjust storage periods for container vessels and fees for the container vessels at the King Fahad Industrial Port in Yanbu at rates ranging between (32 – 57.5%). This is part of the procedures and initiatives taken by the Authority to exploit the infrastructure in all ports In order to serve the maritime trade movement, encourage and facilitate the movement of national exports and provide the appropriate infrastructure to support the national economy, in line with the development goals and achieve the vision of the Kingdom of 2030.
In accordance with the decision, container handling fees at King Fahd Industrial Port in Yanbu were reduced by 57.5%. The decision also included an amendment of the values and periods of storage charges for empty containers obtained from the owner or agent of the vessel. The free storage period was increased to 30 days from the date of unloading the container or Entry into the Customs Department. The amendment also included the empty and empty containers for which storage fees were obtained from the owner of the goods for up to 30 days.
The Council also agreed to reduce the handling fees of empty containers exported from Jeddah Islamic Port to the King Fahd Industrial Port in Yanbu with a reduction of up to (50%) per container of the basic wage value in order to provide empty containers for Saudi exporters in Yanbu.
The decision also included a reduction in the wages of marine services for container transport vessels, including guidance fees, linking, dismantling and services of the Maritime Observation Tower, including the use of locomotives and hooks, to connect ropes or to guide in the cases of arrival and departure and moving from one berth to another within the port area.
These measures are expected to increase the level of connectivity and integration between King Fahad Industrial Port, Yanbu, Jeddah Islamic Port and King Abdullah Port, as well as meet the expected demand for shipping services in light of the increase in export quantities from these ports.
It is worth mentioning that the King Fahd Industrial Port in Yanbu has an integrated container handling plant with a capacity of 460,000 TEUs annually, which is distinguished by its strategic location on the Red Sea coast. It is located between the US and Europe via the Suez Canal and the Far East via Bab El Mandab. Jeddah Islam.
Yanbu Industrial Port is the largest in the region in terms of loading crude oil and refined products, as well as the main gateway to Madinah, Red Sea and Newum.
