Saudi cancels train deal

TALGO has confirmed to the Spanish Exchange Commission that Saudi Railways Organisation (SRO) has cancelled a $201 million order for six 13-car diesel trains.

The trains were to be mobilised for Riyadh-Dammam services.

SRO said the order was cancelled as part of a re-evaluation of its rolling stock requirements.

Bahri profit doubles

NATIONAL Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said its Q2 net profit more than doubled due to increased fleet size and rates for transporting spot crude.

Bahri’s net profit for the three months to June 30 was SR342.5 million ($91.3 million) compared with SR130.4 million in the same period a year earlier.

It is the second quarter in succession where its profits have doubled.

Al Rawabi storage expands

UAE dairy producer Al Rawabi has expanded its cold storage infrastructure with the opening of a Dh25 million ($6.8 million) facility that can store 4,000 pallets – equivalent to 180,000 crates in a temperature-controlled environment.

The company’s sales grew 15 per cent in Q1.

The facility has a new ramp, which eliminates bottlenecks, and automatic packaging and labelling machines.

The increased space for night loading operations reduces loading times by four to six minutes per vehicle, generating substantial productivity increases.

“Al Rawabi recently completed 25 years of operation, during which it has established a reputation as the UAE’s leading provider of dairy products,” Dr Eltigani, general manager, said.

Momentive’s new centre

MOMENTIVE Performance Materials, a global leader in silicones and advanced materials, has opened its Middle East and Africa (MEA) logistic centre in Dubai, UAE.

The centre is located at the RSA-Talke’s warehousing facility in Dubai World Central Logistics City.
RSA-Talke is a JV between Dubai-based RSA Logistics and the German chemical firm Alfred Talke Logistic Services.