Bahri
Bahri News
Bahri inks Deal to Acquire Nine Tanker Vessels
Bahri, the National Shipping Company of Saudi Arabia signed a Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.Under the terms of the facility agreement, Alinma Bank will extend a credit facility worth $756 million to partially finance the purchase of nine Very large Crude Carriers (VLCCs).
Bahri to Spend $1B on VLCC Vessels
The National Shipping Company of Saudi Arabia (Bahri) signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for approximately $1B, the company said.The purchase is part of a modernization drive and will enable the company to start phasing out older vessels, Bahri said in a statement issued via Saudi Arabia's stock exchange.The ships will be delivered before the end of the first quarter of 2025, with Bahri paying for 10% of th
Bahri Charters Methanol-fueled Tanker Pair
Bahri business unit Bahri Chemicals will charter two newbuild methanol-powered tankers under a five-year agreement with methanol producer Proman. The vessels, which were officially named during a ceremony hosted at Guangzhou Shipyard International (GSI) in China in November 2023 where both ships were built, will be deployed to transport various products globally.The vessels are the final two of anā¦
Bahri Orders Ten Chemical Tankers from Hyundai for $410M
Saudi Arabia's national shipping company Bahri has ordered ten 49,999-dwt Medium Range (MR) chemical tankers from Hyundai Mipo Dockyard, part of South Korea's Hyundai Heavy Industries (HHI).Bahri said the order, signed at a virtual ceremony, was valued $410 million, meaning $41 million per vessel. The first deliveries are expected in the first quarter of 2022.Seung-Yong Park, Chief Operating Officer and Senior Executive Vice President of HHIā¦
Bahri Takes First of Four New Bulk Carriers
Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series of four ordered by Bahri Dry Bulk from South Koreaās HMD in August 2017. The three remaining vessels are all scheduled to be delivered this year.The new ship will transport basic grainsā¦
Saudi's Bahri Books 14 VLCCs
Saudi Arabian shipping company Bahri chartered more than a dozen very large crude carriers (VLCCs) in Persian Gulf in 24 hours.According to Reuters, the Saudi Arabiaāsā¦
Bahri Posts 172% Surge in Q4 Net Profit
The National Shipping Company of Saudi Arabia (Bahri) has reported strong financial results for the quarter and the full year ended December 31, 2019, underpinnedā¦
Bahri Profits Up in Q3
The owner and operator of very large crude carriers Bahri announced strong financial results for the third quarter ended September 30, 2019, on the back of solidā¦
Bahri Reports 1H Growth
The National Shipping Company of Saudi Arabia (Bahri) has posted revenuesā āof SARā3.14 billion ($840million) for the first half of 2019, despite regional difficulties.Theā¦
Bahri Intros āISupplierā Platform
The Saudi Arabian logistics and transportation giant Bahri has announced the launch of its āiSupplierā portal, as part of further strengthening its commitment toā¦
Bahri Orders First VLCCs from IMI
Bahri, the world's largest owner and operator of very large crude carriers, has signed a Memorandum of Understanding (MoU) to build its first very large crude carrierā¦
Bahri Expands Footprint in Asia-Pac
The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) regionās maritime industry.Theā¦
Bahri Refutes U.S. Charges on VLCC
The National Shipping Company of Saudi Arabia (Bahri) on Sunday clarified that its very large crude carrier (VLCC) tanker Abqaiq was not breaching the US sanctions on Venezuela.Earlierā¦
Bahri CEO Appointed to Board of ITOPF
Saudi Arabian shipping company Bahri said that its CEO Abdullah Aldubaikhi has been appointed to the board of directors of ITOPF, the worldās largest ship ownerā¦
Bahri Successfully Concludes āSAIFIā Program
Bahri, a global leader in logistics and transportation, has successfully completed the first edition of āSAIFIā, a summer training program for undergraduate students in the Kingdomā¦
