Deputy crown prince tops list of 10 most influential figures in oil and gas shipping

Deputy Crown Prince Mohammed bin Salman
Updated 29 March 2017
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Deputy crown prince tops list of 10 most influential figures in oil and gas shipping

JEDDAH: Saudi Deputy Crown Prince Mohammed bin Salman has topped the Lloyd’s List of the 10 most influential figures in oil and gas shipping.
The deputy crown prince was followed in the Tankers Power List 2017 by Andreas Sohmen-Pao of BW Group, John Fredriksen of Fredriksen Group, Grahaeme Henderson of Shell Shipping & Maritime, John Angelicoussis of Angelicoussis Shipping Group, Yee Yang Chien of MISC, Sergey Frank of Sovcomflot, Junichiro Ikeda of Mitsui OSK Lines, Paddy Rodgers of Euronav and Xu Lirong of China Cosco Shipping
In determining the 10 most powerful figures this year, Lloyd’s List specialists gave each candidate a score of 1 to 10 in two metrics, “market weight” and “aura.”
In its editorial, Lloyd’s List said: “The changing dynamics in the tanker spectrum have been duly reflected in our annual list of the 10 most influential figures in oil and gas shipping.
“What remains unchanged is the status of Saudi Arabia, with its weight over global oil production and large national tanker fleet.”
With a market weight of 8.7/10, Lloyd’s List describes the deputy crown prince as “the power behind the executives.”
“The deputy crown prince holds (key) dynamics in his hands, hence his position among shipping’s elite power brokers,” it said. “On top of that, he oversees Saudi Arabia’s plans to make an initial public offering of shares in oil giant Saudi Aramco.”
The editorial concluded by stating that “Saudi Arabia is evidently on the cusp of major changes to its energy industry as the deputy crown prince forges ahead with modernization — changes that astute owners operating in the tanker industry would do well to monitor closely to keep a step ahead of the competition.”


Misk Innovation initiative participates in International Technology Fair in Paris

The Misk Innovation initiative aims to promote and support talent and innovation through local and international programs. SPA
Updated 5 min 23 sec ago
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Misk Innovation initiative participates in International Technology Fair in Paris

  • Misk presented seven technological innovations in various fields
  • Misk Foundation is a non-profit organization dedicated to educating and providing opportunities for the Kingdom’s youth and leading them to a bright future

JEDDAH: The Misk Innovation initiative, supported by the Crown Prince Mohammed bin Salman bin Abdul Aziz Foundation (Misk), participated in the International Technology Fair “VivaTech” on Saturday in Paris.
This is the first participation of its kind to support the emerging technological creations of a number of innovators from the Kingdom’s youth.
In its pavilion, Misk presented seven technological innovations in various fields, including those that serve the hearing-impaired through technical support, the aviation industry, automotive electronic solutions, road safety, Arabic and international media monitoring, and the perfume industry.
Speaking at the opening of the exhibition on May 24, which was attended by a number of international technology company directors, French President Emmanuel Macron expressed his hope that his country would become a fertile ground for start-ups.
The Saudi ambassador to France, Khaled Al-Anqari, attended the opening of the Saudi Pavilion “Misk Innovation.”
The executive director of Misk Innovation, Dima Al-Yahya, said that the young national talents participating in the three-day event reflected the creativity and innovations of Saudi nationals to the international community, noting that their participation gave them opportunities to learn and develop for the best.
Misk Foundation is a non-profit organization dedicated to educating and providing opportunities for the Kingdom’s youth and leading them to a bright future through Vision 2030 in transforming and diversifying the Saudi economy.
The Misk Innovation initiative aims to promote and support talent and innovation through local and international programs and partnerships in three key areas: Education, culture and information.