[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.04.24 16:18
• [Fuzhou Port Luoyuan Bay berth project approved]
• On April 20, 2026, the construction of berths 7-10 in the Bi Li operation area of Luoyuan Bay in Fuzhou Port was approved by the Provincial Development and Reform Commission, with a total investment of 1.823 billion yuan. The project is constructed by Fujian Luochuan Port Co., Ltd., which is controlled by Fuzhou Port Group. It will build two 50000 ton general berths with a designed annual throughput capacity of 8.61 million tons. The dock structure is reserved for the 70000 ton class and can accommodate multiple ship types for combined berthing. Editor/Cheng Liting

• 2026.04.24 16:17
• [Ningbo Zhoushan Port completes ship to ship bonded green methanol refueling]
• On April 22, 2026, the first "ship to ship" bonded green methanol refueling in the province landed in Meishan Port Area of Zhoushan Port in Ningbo. The refueling ship "Daqing 268" injected green methanol into the "COSCO Shipping Libra" ship. In the context of global shipping emissions reduction, customs, maritime, border inspection and other departments collaborate efficiently to ensure operational safety through institutional innovation and remote supervision. Editor/Cheng Liting