Tanmiah Food Company joins forces with Saudi Green Initiative, contributing to Saudi Vision of planting 10 billion trees, as highlighted at COP16    GASTAT: Health status of 97.4% of Saudi population rated good or better    'World's first' grid-scale nuclear fusion power plant announced in the US    40 Ukrainian companies to invest in Saudi market    SAMA cuts Repo and Reverse Repo rates by 25 basis points    Israeli military strikes Yemen hours after Houthi attack targets Israel    Man admits running secret Chinese 'police station' in New York    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Syria not a threat to world, rebel leader Ahmed al-Sharaa says    Trump brings Congress to a halt with new demands on spending as shutdown looms    Saudi Arabia defeats Trinidad and Tobago 3-1 in friendly match    Saudi minister concludes visit to Egypt, bolsters industrial and mining cooperation    FIFA approves 21 male and 3 female Saudi referees for 2025    HRC chief reviews human rights in Saudi Arabia during Saudi-EU joint dialogue    Number of workers in Saudi tourism sector exceeds 950,000 in 2Q 2024    Benzema considers retirement at the end of the season: Report    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Selena Gomez announces engagement to Benny Blanco    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NSCSA net dives
The Saudi Gazette Published in The Saudi Gazette on 31 - 07 - 2009

The National Shipping Company of Saudi Arabia (NSCSA) has reported $69 million in net profits for the first half of 2009, compared to $99.2 million during the same period in 2008.
“The reasons of the decrease in profit in the first six months of 2009 were mainly due to the decline in the average crude transportation freight rates (TCE) and decrease in the General Cargo freight rates and volumes,” the company CEO Mumoud Al Ajlan said in a press release.
The company expanded its shipping fleet earlier this month with the delivery of a new vessel from Hyundai Samho Heavy Industries (HSHI) in South Korea.

Clic here to read the story from its source.