By Paul Wallace, Sharon Cho, Verity Ratcliffe and Nourhan Samra (Bloomberg)
A ship was hit by an explosion at the Saudi Arabian port of Jeddah, as attacks in the Red Sea mount.
An “explosive-laden” boat struck a fuel tanker early on Monday morning in what was a “terrorist attack,” the official Saudi Press Agency reported, citing a spokesperson at the Ministry of Energy. There were no casualties and no disruptions to oil or fuel supplies, SPA said.
The incident came just three weeks after an oil tanker was damaged, possibly by a mine, at the Saudi terminal of Shuqaiq and Yemen’s Houthi rebels claimed a missile strike on a Saudi Aramco fuel depot in Jeddah.
Blast at Saudi port hits oil tanker as Red Sea attacks mount
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Explosion at Saudi Port of Jeddah Hits at Least One Tanker
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Blast at Saudi Port Hits Ship as Red Sea Attacks Mount
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Saudi Arabia: Logistics Sector Update
Saudi Arabia’s strategic geographic location at the intersection of Europe, Asia, and Africa positions itself to become a leading global logistics hub by promoting the ease of movement of people and goods across the Kingdom. Enhancing the financial sustainability of logistics development in part through attracting the private sector is a key objective of the National Industrial Development and Logistics Program (NIDLP). NIDLP aims to create 1.6 million jobs and attract investments worth SAR1.6 trillion ($427 billion) over the next decade. Of that total, SAR135 billion ($36 billion) is earmarked for a mix of government and private spending across a range of logistics development projects.