The pool is intended to improve the Saudi insurance market’s technical preparedness and expand its capacity to provide marine war-risk coverage.
Export volumes reached 79,720 TEUs during the same month, setting another terminal record.
The project nearly doubles the terminal’s physical footprint and more than doubles its annual handling capacity.
Durban remains Africa’s busiest container port and the country’s primary gateway for international trade.
The corridor also offers an alternative to shipping lanes affected by security risks in the Middle East.