The Saudi Ports Authority (MAWANI) has issued shipping agent rights to Hong Kong-based container transportation and logistics giant Orient Overseas Cargo Line Co. (OOCL) to pursue activities as a foreign investor across all Saudi ports for a period of three years.
The license was granted following OOCL's fulfillment of all requirements under the MAWANI Shipping Agents Regulatory Framework. This announcement comes as the Saudi ports regulator intensifies its efforts to develop the Saudi ports sector, transfer global knowledge and expertise to local talent, and adopt best practices in the maritime industry to bolster investment.
