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    The Kingdom of Saudi Arabia – Shipping Finance & Law 2025/26

    Saudi Arabia’s Vision 2030 drives maritime growth as a logistics hub, with net-zero emissions by 2060 mandating sustainable fleet modernization and port expansions. Key trends include diversified financing via commercial banks, Shariah-compliant structures (Ijara, Murabaha), sale-leasebacks, bonds, and JVs; 51% Saudi ownership for flagging (foreign vessel exemption to 2027); conventional loans secured by mortgages/assignments; and enforcement prioritizing mortgages post-crew/cargo claims, with New York Convention recognition for foreign awards.