Bahri
Saudi Arabian national shipping and logistics group operating VLCCs, chemical tankers, RoRo multipurpose ships and dry bulk carriers, plus ship management.
Riyadh, Saudi Arabia · Company
About
Bahri was created by Royal Decree in 1978. At its creation its shareholders were the Public Investment Fund (22.55%) and Saudi Aramco Development Co. (20%), with 57.45% listed on Tadawul.
Chemical transport began in 1990 through the SABIC joint venture, and crude oil carriage and in-house ship management began in 1996. Freight forwarding followed in 2002 and dry bulk, with ARASCO, in 2010. In 2014 Bahri merged with Vela and became the exclusive VLCC carrier for Saudi Aramco's CIF sales. Its VLCCs have been delivered by Hyundai Heavy Industries, chemical tankers built at Hyundai Mipo Dockyard, and dry bulk carriers ordered from International Maritime Industries.
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