Through this agreement, Sipchem to access global markets
Sipchem recently signed an agreement with AP Moller–Maersk (Maersk) in Saudi Arabia’s King Abdullah Economic City, which will see the two parties collaborate on ocean transportation and storage through the King Abdullah Port integrated logistics park.
Through this agreement, Sipchem will export its products to wider international markets.
This new collaboration with Maersk reflects Sipchem’s great interest in bringing its diverse range of products to a wider global market through ports, logistic hubs, and new shipping lines and sea lanes. This new business direction will see us take full advantage of the Kingdom’s unique geographical position, which has helped make it a major global trade hub,” noted Eng. Mater Aldhafeeri, Vice President—Commercial, Sipchem.
“Through this partnership, Sipchem will be provided with cargo storage options at our integrated logistics park and gain access to King Abdullah Port’s Ocean network,” commented Mohammad Shihab, Managing Director, Maersk Saudi Arabia.
“We are confident that Sipchem will tremendously benefit from the market-leading services King Abdullah Port and the Maersk Integrated Logistics Centre provide, while this agreement translates to further growth in our business and an increase in Saudi Arabia’s exports,” remarked Jay New, CEO, King Abdullah Port.
This agreement aims to strengthen Sipchem’s strategic position amongst regional and international petrochemical producers, enabling it to market its products worldwide in a timelier and cost-effective manner.
Recently, King Abdulla Port reached 15mn TEU in container throughput, a stellar achievement in under 9 years since the launch of its container terminal.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!