OOCL joins shipping lines at King Abdullah Port

King Abdullah Port has been listed as the fastest-growing container port and one of the world’s 100 largest ports after less than four years of operation.
Updated 17 September 2019

OOCL joins shipping lines at King Abdullah Port

OOCL, a Hong Kong-based shipping company, has joined the group of international companies transporting cargo and delivering maritime shipping services to and from King Abdullah Port. This comes with the company’s official launch of operations in the port located in King Abdullah Economic City and the subsequent arrival of containers to the berths.

The move aims at enhancing the trade movement of imports and exports in the Kingdom.

“The addition of OOCL to the list of leading international shipping companies operating in King Abdullah Port is a testament to the trust of key players in the maritime shipping industry, as the port enjoys a strategic location on one of the most important international maritime shipping lanes as well as integrated infrastructure and logistics services,” a press release said.

The port is located near the Industrial Valley, the Bonded and Re-export Zone, and major Saudi cities such as Jeddah, Makkah and Madinah, which together constitute the main commercial center in the Kingdom. King Abdullah Port also enjoys close proximity to Madinat Yanbu’ Al-Sina’iyah, which is witnessing a massive trade movement in the field of petrochemicals, and it is linked to a road network that facilitates the process of transporting goods by land to and from ships to Riyadh, Dammam, and other cities in the Arabian Gulf.

Officially inaugurated last February by Crown Prince Mohammed bin Salman, King Abdullah Port was ranked the second fastest-growing port in the world in 2018 by Alphaliner, a global specialist in data analysis of maritime transport, port capabilities, and the future development of vessels and global maritime routes. The port’s throughput increased from 1.7 million TEU in 2017 to 2.3 million TEU in 2018.

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest-growing container port and one of the world’s 100 largest ports after less than four years of operation. Ten of the largest shipping lines work at the port to offer integrated services to importers and exporters. The port’s development plan is proceeding at a steady pace with a clear vision to become one of the world’s leading ports, utilizing its advanced facilities and proximity to the Bonded and Re-export Zone and the logistics park.

With state-of-the-art processing facilities, the world’s deepest 18-meter water berths, expanding roll-on/roll-off operations, and a fully integrated Port Community System, King Abdullah Port is capable of receiving today’s diverse mega cargo ships, fulfilling the growing needs of the young and fast-growing population of the Kingdom and the region.


Production of Aston Martin DB5 resumes after 55 years

Updated 11 min 41 sec ago

Production of Aston Martin DB5 resumes after 55 years

Dubbed “the most famous car in the world” and renowned as being among the most sought-after classic Aston Martin models, the DB5 has become a byword for timeless style and sports car desirability. Fewer than 900 saloon examples were built by the brand between 1963 and 1965, with by far the most famous of the original owners being the world’s best-known secret agent — James Bond — who first drove the car that is today inextricably linked with him in the 1964 film, Goldfinger.

Now, 55 years after the last new DB5 rolled off the production line at Aston Martin’s then-global manufacturing base in Newport Pagnell, Buckinghamshire, work is once again underway there on a strictly limited number of new DB5 models. Created in association with the producers of the James Bond films, EON Productions, and featuring a broad suite of working gadgets first seen on screen in the 1964 film, the Aston Martin DB5 Goldfinger Continuation cars are history in the making.

Each DB5 Goldfinger continuation car is priced at 2.75 million euros ($3.05 million), plus taxes.

The DB5 Goldfinger Continuation construction process — which takes around 4,500 hours per car — is being undertaken at Aston Martin’s Heritage Division headquarters in Newport Pagnell, Buckinghamshire.

Each of the 25 new cars is being built using a blend of Sir David Brown-era old world craftsmanship, with the application of modern engineering advancements and performance enhancements, alongside the integration of cutting-edge gadgets developed in association with Chris Corbould OBE, the special effects supervisor who has worked on more than a dozen Bond films.

Clive Wilson, Heritage program manager, said: “Seeing the first customer car move painstakingly through the intricate production process we have created really is quite a thrill.

“Obviously we have not, as a business, made a new DB5 for more than 50 years, so to be involved in the building of these cars, which will go on to form part of Aston Martin’s history, is something I’m sure all of us will be telling our grandkids about!”

Paul Spires, president of Aston Martin Works where the original DB5 was built and the new cars are also being created, said: “We are making, perhaps, some of the most desirable ‘toys’ ever built for 25 very lucky buyers worldwide.

“Creating the DB5 Goldfinger Continuation cars and working with EON Productions and special effects supervisor, Chris Corbould, is something truly unique and a real career highlight for everyone involved here at Aston Martin Works.”

First deliveries of the DB5 Goldfinger Continuation to customers will commence in the second half of 2020.