Saudi Ports Authority’s (MAWANI) board of directors approved reducing its handling charges and marine service fees for container vessels at King Fahd Industrial Port in Yanbu by 32% to 57.5%, Saudi Press Agency (SPA) reported.
This step came as part of MAWANI’s efforts to facilitate the movement of national exports and provide the appropriate infrastructure to support the Saudi economy.Handling charges for containers at King Fahd Industrial Port in Yanbu were slashed by 57.5%, while storage periods and charges for empty containers were also amended.
The free-of-charge storage period was increased to 30 days, according to the Saudi news agency.
In addition, handling charges for empty containers coming from Jeddah Islamic Port to King Fahd Industrial Port in Yanbu were cut by 50% per container.
King Fahd Industrial Port in Yanbu, the largest port on the Red Sea for exporting crude oil and refined petroleum products, has the capacity to handle about 460,000 containers per year.