Saudi Arabian shipowner and operator Bahri Dry Bulk Co LLC and Saudi Iron and Steel Company (Hadeed) are assessing an iron ore shipping partnership that could bring freight planning and domestic steel demand into closer alignment. Riyadh-headquartered tanker and dry bulk shipowner and operator Bahri Dry Bulk Co LLC, the maritime subsidiary previously known internationally as The National Shipping Company of Saudi Arabia, is in discussions with Saudi Iron and Steel Company (Hadeed) on tighter cooperation in maritime transport as both sides look for a more structured way to match cargo lift requirements with available bulk carrier capacity. The talks are guided by a letter of intent signed in Riyadh, under which Bahri Dry Bulk Co LLC and Saudi Iron and Steel Company (Hadeed) will examine how Bahri Dry Bulk Co LLC’s fleet, operating experience, and technical resources can be deployed to meet Saudi Iron and Steel Company (Hadeed)’s iron ore shipping requirements. The non-binding framework also allows the parties to explore wider joint opportunities, including the potential development of bulk carriers tailored to Saudi Iron and Steel Company (Hadeed)’s operational profile and technical preferences within Saudi Arabia. Speaking on the initiative, Bahri Dry Bulk Co LLC Chief Executive Officer Ahmed Al-Subaey linked the discussions to strengthening Saudi Arabia’s maritime transport ecosystem and improving supply chain resilience, while Saudi Iron and Steel Company (Hadeed) Chief Executive Officer Abdulqader Al-Mubarak said closer cooperation could help secure specialised shipping solutions and lift logistics efficiency for the industrial sector. Bahri Dry Bulk Co LLC described the proposed collaboration as consistent with broader efforts to deepen industrial integration and localise value chains, connecting Saudi Arabia’s shipping and steel sectors more directly through long-term planning and purpose-built logistics solutions. Bahri Dry Bulk Co LLC operates as a dedicated dry bulk logistics platform with a focus on moving essential raw materials and industrial cargoes, including iron ore alongside other dry bulk commodities, and positioning shipping capacity as a strategic enabler for domestic production and food and industrial supply chains. Bahri Dry Bulk Co LLC is structured as a joint venture tied to domestic demand, and the current fleet base provides a foundation for scaling iron ore lift requirements if the cooperation with Saudi Iron and Steel Company (Hadeed) progresses from framework discussions into execution. On the fleet side, Bahri Dry Bulk Co LLC currently operates 13 bulk carriers and has deployed the fleet on long-term contracts with Arabian Agricultural Services Company (ARASCO), reflecting a model built around stable employment and predictable utilisation rather than relying solely on spot exposure. At the same time, Bahri Dry Bulk Co LLC has been investing in modern tonnage to refresh and expand its carrying capability, including an order for six geared ultramax bulk carriers at International Maritime Industries in 2025, a programme valued at about $203 million in total with deliveries scheduled between 2028 and 2029.That newbuilding programme is also notable for its local industrial dimension, with International Maritime Industries positioned as a Saudi-based shipbuilding hub, which fits the wider push to develop national maritime capabilities while adding efficient bulk carrier capacity to the fleet pipeline. In practical terms, an iron ore shipping partnership between Bahri Dry Bulk Co LLC and Saudi Iron and Steel Company (Hadeed) could combine cargo visibility with fleet planning, potentially improving voyage scheduling, discharge reliability, and cost control across the supply chain, while also allowing technical specifications to be shaped around the cargo characteristics, port constraints, and handling preferences of Saudi Iron and Steel Company (Hadeed). For Bahri Dry Bulk Co LLC, the discussions also represent a step toward linking shipping assets more tightly with domestic industrial demand, using long-term cooperation to reduce logistics friction and support a steadier flow of iron ore into Saudi Arabia’s steel value chain. 15-January-2026
Riyadh-headquartered tanker and dry bulk shipowner and operator Bahri Dry Bulk Co LLC — the maritime subsidiary formerly known globally as the National Shipping Company of Saudi Arabia — is pushing ahead with a strategic transformation aimed at becoming a far more prominent force in long-haul bulk commodity transport. As the organisation positions itself for a new era of expansion, Bahri Dry Bulk Co LLC president Mohammed Bin Battal has outlined a broad cargo ambition centred on high-volume raw materials such as iron ore, sulphur, and coke, all of which play a critical role in Saudi Arabia’s industrial development, energy diversification, and ongoing structural reforms under the Vision 2030 framework. Bahri Dry Bulk Co LLC recently staged its first dedicated dry bulk shipping reception, a landmark event signalling the organisation’s intent to elevate its dry bulk portfolio from a supporting segment into a cornerstone of its global operations. Historically recognised as one of the Middle East’s most influential tanker operators, Bahri Dry Bulk Co LLC is now applying the same scale-driven philosophy, integrated logistics expertise, and state-backed resilience toward building a sizeable bulk carrier franchise capable of competing with established Asian and European dry bulk players. The shipowner and operator Bahri Dry Bulk Co LLC operates as part of Bahri’s broader logistics ecosystem, which includes oil tankers, chemical tankers, general cargo ships, ro-ro units, and logistics services, giving the enterprise a unique advantage: the ability to provide end-to-end supply-chain solutions on a global scale. By expanding its dry bulk presence, Bahri Dry Bulk Co LLC aims to extend Saudi Arabia’s reach across critical commodity corridors linking the Middle East with Asia, Europe, and Africa. During the reception, Bahri Dry Bulk Co LLC president Mohammed Bin Battal emphasised the organisation’s intention to move deeper into the iron ore trade — a segment dominated by Brazil and Australia — and to leverage the Kingdom’s strategic location on east-west trade routes. He further highlighted opportunities to strengthen Saudi Arabia’s role in sulphur exports, a by-product of the Kingdom’s vast refining and petrochemical capacity, and to scale up coke shipments as heavy industry investments accelerate. Bahri Dry Bulk Co LLC CEO Ahmed Al Subaey stressed that partnerships will be the foundation for achieving these ambitions. Addressing guests and industry representatives, he stated, “We cannot do this journey without you,” underscoring the organisation’s commitment to collaborative growth with cargo owners, charterers, financiers, mining companies, and international shipowners. He echoed the proverb that now serves as a guiding motto for Bahri Dry Bulk Co LLC’s global expansion strategy: “If you want to go fast, then go alone. If you want to go far, then go with a partner.” This philosophy aligns with the organisation’s recent initiatives, which include exploring joint ventures for fleet expansion, developing long-term cargo alliances, and integrating new digital tools to enhance voyage efficiency and cargo visibility. As Bahri Dry Bulk Co LLC expands its fleet and broadens its commercial horizons, the shipowner is expected to play a larger role in regional and global dry bulk shipping markets. With the Kingdom’s economy undergoing major diversification, Bahri Dry Bulk Co LLC is positioning itself at the heart of Saudi Arabia’s plans to become a logistics superpower — turning its geography, capital strength, and industrial momentum into a platform for sustained maritime growth. 16-November-2025
Riyadh-headquartered tanker and dry bulk shipowner and operator Bahri, formerly identified as the National Shipping Company of Saudi Arabia, has taken a decisive step to advance Saudi Arabia’s domestic maritime ambitions through its dedicated dry bulk arm, Bahri Dry Bulk Co LLC. In a groundbreaking transaction valued at approximately $203 million, Bahri Dry Bulk Co LLC has confirmed an order for six state-of-the-art geared ultramax bulk carriers from International Maritime Industries (IMI), positioning itself at the forefront of the Kingdom’s national shipbuilding agenda and underlining its role as a trailblazer for Saudi Arabia’s long-term maritime self-sufficiency. Bahri Dry Bulk Co LLC, established in 2010 as a joint venture between Bahri and Arabian Agricultural Services Company (ARASCO), was founded with a clear objective: to build a specialized fleet capable of ensuring secure and reliable transportation of grains, minerals, fertilizers, and other critical commodities that underpin Saudi Arabia’s economic and food security. Since its creation, Bahri Dry Bulk Co LLC has consistently expanded its operational reach, growing into one of the most important providers of bulk shipping solutions in the Middle East. Its fleet, comprised of supramax and ultramax bulk carriers, has been strategically developed to serve regional and global trade routes with an emphasis on efficiency, reliability, and adaptability to the evolving needs of cargo owners. With the confirmation of this newbuilding order, Bahri Dry Bulk Co LLC has not only become the first Saudi dry bulk operator to sign a bulk carrier construction deal with International Maritime Industries (IMI) but also has cemented its pioneering role as the launch customer for the Ras Al-Khair shipyard’s bulk carrier program. The company disclosed that the six ultramax bulk carriers, each designed with a carrying capacity of 62K DWT, will be delivered between 2028 and 2029. The transaction will be financed through a mix of Bahri Dry Bulk Co LLC’s retained earnings and commercial banking facilities, highlighting the financial strength and market confidence surrounding the enterprise. International Maritime Industries (IMI), hailed as the largest and most advanced integrated maritime yard in the Middle East and North Africa, is itself a formidable industrial project owned jointly by Saudi Aramco, Bahri, Lamprell, and Hyundai Heavy Industries. Bahri maintains a 19.9% equity stake in International Maritime Industries (IMI), ensuring strategic alignment between Bahri Dry Bulk Co LLC’s fleet expansion and the Kingdom’s broader industrial development initiatives. The geared ultramax bulk carrier design chosen by Bahri Dry Bulk Co LLC is intended to offer superior flexibility by enabling access to ports with limited cargo-handling facilities. This adaptability will allow Bahri Dry Bulk Co LLC to serve niche and emerging trade routes where infrastructure limitations often restrict the deployment of larger tonnage. The company stressed that these new ships will significantly bolster its ability to respond to the specialized requirements of industries such as agriculture, steel, and mining, strengthening its market positioning in regional and long-haul bulk commodity transport. Ahmed Ali Al-Subaey, Chief Executive Officer of Bahri Dry Bulk Co LLC, underscored the strategic weight of the deal, stating: “By engaging with International Maritime Industries in this landmark initiative to deliver Saudi Arabia’s first large-scale bulk carrier newbuilding program, we are accelerating the modernization of our fleet while simultaneously laying down the building blocks of a globally competitive and sustainable maritime industry. Bahri Dry Bulk Co LLC is not only growing as a commercial enterprise but also serving as a key enabler of the Kingdom’s long-term economic transformation goals.” Bahri Dry Bulk Co LLC today operates 13 modern bulk carriers, primarily ultramax and supramax tonnage, and this latest order will expand its controlled fleet significantly while reinforcing its dominance in the geared bulk carrier segment. Beyond fleet size, Bahri Dry Bulk Co LLC has gained a reputation for operational excellence, safety performance, and service reliability. It maintains strong relationships with leading commodity traders, state-linked entities, and industrial groups both in Saudi Arabia and abroad, providing maritime transport for products such as wheat, corn, soybeans, fertilizers, and clinker. The expansion also dovetails with Saudi Arabia’s Vision 2030, a national framework designed to diversify the Kingdom’s economy away from hydrocarbons, localize industrial capabilities, and create high-value employment opportunities. By aligning with Vision 2030, Bahri Dry Bulk Co LLC is helping to develop a robust maritime ecosystem that integrates shipping, shipbuilding, and supply chain logistics into one of the cornerstones of Saudi Arabia’s non-oil growth. With this bold order, Bahri Dry Bulk Co LLC not only secures a pathway to strengthen its own commercial fleet but also becomes the flagship driver of Saudi Arabia’s first nationally-led shipbuilding program, ensuring that the Kingdom can project influence and competitiveness into global bulk commodity trades for decades to come. 3-October-2025
Riyadh-based tanker and dry bulk shipowner and operator Bahri (formerly known as the National Shipping Company of Saudi Arabia) and its subsidiary Bahri Dry Bulk Co LLC are accelerating their strategic transition toward owned tonnage as part of efforts to mitigate the impact of declining freight rates, with the Saudi Arabian shipowner and operator adding 19 ships within the past 12 months and expanding its VLCC (Very Large Crude Carrier) fleet to a total of 50 ships as of July 2025; Bahri (formerly known as the National Shipping Company of Saudi Arabia), which serves as the logistics arm of the Kingdom of Saudi Arabia and plays a central role in transporting crude oil, chemicals, dry bulk cargo, and general freight for both domestic and global clients, posted lower interim and Q2 2025 financial results, citing continued weakness in the chemical and dry bulk shipping markets and persistent uncertainty in global trade dynamics, but highlighted that the ongoing fleet growth and shift to vessel ownership is expected to enhance cost efficiency and margin stability across its operations; established in 1978 and majority-owned by the Public Investment Fund (PIF) of Saudi Arabia, Bahri (formerly known as the National Shipping Company of Saudi Arabia) is one of the world’s largest VLCC operators and a leading integrated maritime logistics provider in the Middle East, actively investing in digital transformation, fleet modernization, and sustainability initiatives to support Vision 2030 and strengthen the Kingdom’s global logistics competitiveness. 6-August-2025
Riyadh-based tanker and dry bulk shipowner and operator Bahri (formerly known as the National Shipping Company of Saudi Arabia) and its subsidiary Bahri Dry Bulk Co LLC are intensifying their fleet renewal initiatives by actively purchasing and selling vessels. Bahri Dry Bulk Co LLC, a pivotal entity within Bahri’s diverse operations, has committed $101 million to the acquisition of two 2021-built supramax bulk carrier sister ships, the 50K DWT MV Maritime Inspiration and MV Maritime Verity, from Singapore-based shipowner and operator IMC Shipping. These vessels, constructed at CSSC Guangzhou Longxue Shipbuilding, enhance Bahri Dry Bulk Co LLC’s capabilities in bulk transport. Further bolstering its fleet, Bahri Dry Bulk Co LLC has also acquired a 2018-built ultramax bulk carrier, the 63K DWT MV AMIS Miracle, from Taiwanese shipowner and operator Wisdom Marine for approximately $34 million. The vessel, built by Oshima Shipbuilding in Japan, represents the company’s strategic approach to modernizing its fleet with more efficient and capable ships. Bahri Dry Bulk Co LLC focuses on transporting dry bulk commodities, leveraging a fleet that includes both supramax and ultramax carriers. This focus allows the company to cater to a broad range of cargo types, enhancing its service offerings in global trade routes. On the sales front, Bahri is streamlining its older assets, including the 2002-built, 303K DWT VLCC (Very Large Crude Carrier) MT Safwa, sold for around $31 million. In June 2024, the company disposed of another sister tanker, the VLCC MT Marjan, at a slightly higher price. In a significant expansion move, in August 2024, Bahri made headlines by investing $1 billion to acquire nine VLCCs (Very Large Crude Carriers) from Athens-based shipowner and operator Capital Maritime, led by Evangelos Marinakis. These acquisitions are part of Bahri Dry Bulk Co LLC’s strategic plan to enhance its competitiveness and operational efficiency in the maritime industry. 10-October-2024
Riyadh-based tanker and dry bulk shipowner and operator Bahri’s (Bahri, formerly known as the National Shipping Company of Saudi Arabia) subsidiary Bahri Dry Bulk Co LLC turns attention to modern ultramax bulk carriers. Saudi Arabian shipping player is increasingly enticed by the dry cargo business. At the same time Riyadh-based tanker and dry bulk shipowner and operator Bahr was conspicuously selling tankers, major Saudi shipowner Bahri has been quietly adding dry bulk tonnage from Norden. In this process, Bahri Dry Bulk Co LLC is displaying a clear preference for modern, scrubber-fitted ultramaxes built in Japan. 26-July-2023
Bahri Dry Bulk Co LLC, a collaborative enterprise between the esteemed Saudi Arabian shipping firm Bahri and the distinguished Arabian Agricultural Services Company (ARASCO), has successfully secured Sharia-compliant funding amounting to $96 million from its compatriot, Bank Albilad. $96 million will be deployed to finance the construction of the Bahri Dry Bulk Co LLC’s four (4) newbuilding bulk carriers, which were commissioned at the renowned South Korean yard, Hyundai Mipo Dockyard, in the preceding year. The credit facility, disbursed over a period of six months, holds a tenure of 13 years, inclusive of a gracious three-year period of respite. It is intended to cover 80% of the total contract value. Riyadh-based tanker and dry bulk shipowner and operator Bahri’s (Bahri, formerly known as the National Shipping Company of Saudi Arabia) subsidiary Bahri Dry Bulk Co LLC President Nezar Banabeela expressed profound appreciation for the novel funding provided by Bank Albilad. Bahri Dry Bulk Co LLC President Nezar Banabeela regarded it as a momentous milestone that paves the way for Bahri Dry Bulk Co LLC to venture into untapped markets, both regionally and globally. This expansion would allow them to explore new avenues of growth and play a pivotal role in supporting the Saudi Arabia’s pursuit of national goals and strategic objectives set forth by the government. Furthermore, with the integration of four cutting-edge bulk carriers into their fleet, Bahri Dry Bulk Co LLC stands fully equipped to meet the escalating demand for vital grains, including barley, wheat, and corn, within the nation. Riyadh-based tanker and dry bulk shipowner and operator Bahri’s (Bahri, formerly known as the National Shipping Company of Saudi Arabia) subsidiary Bahri Dry Bulk Co LL is primarily engaged in the transportation of grain and coal, currently boasting a fleet of five (5) dry bulk carriers. 10-January-2018
BahriBunge Dry Bulk, an alliance unveiled in February 2017 between Saudi shipowner Bahri and agribusiness titan Bunge, has been officially inaugurated in Dubai. BahriBunge Dry Bulk will charter and operate a fleet of supramax and panamax bulk carriers, intending to transport more than 5 million metric tons of dry bulk commodities in its inaugural year, with a primary focus on the Middle East. The establishment of the BahriBunge Dry Bulk joint venture signifies a momentous milestone for Riyadh-based tanker and dry bulk shipowner and operator Bahri’s (Bahri, formerly known as the National Shipping Company of Saudi Arabia) subsidiary Bahri Dry Bulk Co LLC. Bahri’s invaluable insights into the Middle Eastern markets, combined with Bunge’s global dynamics in the freight industry, will enable BahriBunge Dry Bulk Ltd. to emerge as a dependable and sturdy carrier, particularly for the trade of grains and other agricultural commodities. Bahri Dry Bulk Co LLC is confident that this new joint venture BahriBunge Dry Bulk is set in the right direction to achieve Saudi Vision 2030 and reinforce Bahri Dry Bulk Co LLC’s commitment to nurturing existing relations and forging new ones. Bahri’s dry bulk division, Bahri Dry Bulk Co LLC, a 60/40 partnership between Bahri and Arabian Agricultural Services Company (ARASCO), will retain 60% ownership in the venture BahriBunge Dry Bulk Ltd., while Bunge will hold 40%. 5-October-2017
In the wake of the joint venture agreement between Bahri, a distinguished leader in transportation and logistics, and Koninklijke Bunge B.V. (Bunge), a wholly-owned subsidiary of Bunge Limited, a global agribusiness and food company, the two entities proudly inaugurated the offices of BahriBunge Dry Bulk Ltd. in Dubai, UAE. The occasion was celebrated with great fervor as the new company BahriBunge Dry Bulk Ltd.’s logo was unveiled. Mr. Abdulrahman M. Al-Mofadhi, Chairman of Bahri, hosted a special ceremony at the iconic Burj Al Arab, attended by several esteemed Bahri board members, top-level executives from the industry, representatives from Koninklijke Bunge B.V. (Bunge), heads of Bahri’s business units, and dignitaries representing major multinational corporations. Having laid the groundwork to ship over 5 million metric tons of dry bulk commodities in its maiden year, the newly formed company BahriBunge Dry Bulk Ltd. will elevate the import and export of dry bulk goods and ocean freight in the Middle East while reinforcing the operations of Bahri Dry Bulk Co LLC, an essential division within Bahri. BahriBunge Dry Bulk Ltd. and the bulk carriers chartered under its purview will offer exclusive freight transportation services to international customers, with a primary focus on the mobility of freight in the Middle East. As part of the agreement, Bahri Dry Bulk Co LLC will hold 60% of the venture’s shares, leaving the remaining 40% in the possession of Koninklijke Bunge B.V. (Bunge). Financed proportionally by Koninklijke Bunge B.V. (Bunge) and Bahri Dry Bulk Co LLC, the joint venture Bahri Dry Bulk Co LLC will initially charter and operate supramax and panamax bulk carriers from the existing fleet owned or managed by Bahri Dry Bulk Co LLC, and subsequently from third parties. BahriBunge Dry Bulk Ltd.’s headquarters in Dubai will oversee the shipping of more than five million metric tons of dry bulk commodities in its first operational year, with the goal of gradually increasing the volume figures to reach double digits. The launch of the BahriBunge Dry Bulk Ltd joint venture marks a momentous milestone for our company. Combining Bahri’s invaluable insights into the Middle Eastern markets with Koninklijke Bunge B.V.’s (Bunge) expertise in the global freight industry, BahriBunge Dry Bulk Ltd. is poised to emerge as a reliable and robust carrier, especially for the trade of grains and other agricultural commodities. Bahri Dry Bulk Co LLC has full confidence that this joint venture sets Bahri Dry Bulk Co LLC in the right direction to achieve Saudi Vision 2030, strengthening Bahri Dry Bulk Co LLC’s commitment to nurturing existing relations and forging new ones. Nezar Banabeela, Chairman of BahriBunge Dry Bulk Ltd., conveyed his congratulations to both Bahri Dry Bulk Co LLC and Koninklijke Bunge B.V. (Bunge) offices on this strategic alliance. Launching BahriBunge Dry Bulk Ltd. and introducing state-of-the-art bulk carriers to the existing fleet will significantly streamline the flow of dry bulk in the region and greatly contribute to executing trade in a seamless and efficient manner. Koninklijke Bunge B.V. (Bunge) brings with the company’s notable success in commodity trading and shipment of dry bulk, and its operational strength will be instrumental in meeting the growing demand for dry goods and reliable freight services in the region. 5-October-2017
Saudi Arabia’s Bahri has made an official announcement that its esteemed dry bulk unit, Bahri Dry Bulk Co LLC, has successfully entered into contractual agreements with Hyundai Mipo Dockyard for the construction of four (4) new bulk carriers, valuing an impressive $120 million. The construction of four (4) new bulk carriers is set to commence immediately, with delivery scheduled for the year 2020. The incorporation of these four (4) new bulk carriers into Bahri Dry Bulk Co LLC’s fleet harmonizes seamlessly with Bahri’s long-term strategy for expansion and diversification. Upon their delivery, four (4) new bulk carriers will significantly contribute to fulfilling the burgeoning demand that Bahri Dry Bulk Co LLC is currently witnessing for the importation of vital grains, such as barley, wheat, and corn, into Saudi Arabia. Bahri Dry Bulk Co LLC stands as a joint venture, with Bahri owning a substantial 60% and ARASCO, the largest grain importer in Saudi Arabia, holding the remaining 40%. The joint venture effectively operates a distinguished series of five 82K DWT (deadweight tonnage) bulk carriers procured from Japan’s esteemed Oshima Shipbuilding in 2012, marking its initial venture into the dynamic dry bulk market. 27-August-2017
Riyadh-based tanker and dry bulk shipowner and operator Bahri’s (Bahri, formerly known as the National Shipping Company of Saudi Arabia) subsidiary Bahri Dry Bulk Co LLC chartered in 2006 built panamax dry bulk carrier 75K M/V Danae R from Valerie Ship Management at $10,100 per day over 4 to 7 months. Baltic Dry Index climbed to 979 points and capesize rates climbed by 20% because of coal imports of China. Dubai-based Mideast Ship Management Ltd (JLT) and Bahri Ship Management are the ship manager of Bahri Dry Bulk Co LLC controlled bulk carriers. 13-March-2017
Agribusiness titan Koninklijke Bunge B.V. (Bunge), a wholly-owned subsidiary of Bunge Limited, is collaborating with one of the Middle East’s largest shipowners, Bahri from Saudi Arabia, to establish a novel enterprise focused on dry bulk. Koninklijke Bunge B.V. (Bunge) and Bahri Dry Bulk Co LLC joint venture, operating under the name BahriBunge Dry Bulk Ltd., aim to offer exclusive freight transportation services to Middle Eastern and international clientele. In its inaugural year, the company plans to ship over 5 million metric tons, with ambitions to increase this volume significantly in the future. Bahri Dry Bulk Co LLC and Koninklijke Bunge B.V. (Bunge) will have ownership stakes of 60% and 40%, respectively, in the joint venture, which will be registered and headquartered in Dubai. Brian Thomsen, managing director of Bunge Global Agribusiness, expressed his anticipation for the joint venture BahriBunge Dry Bulk Ltd. to become the preferred carrier for customers importing grains and agricultural commodities in the Middle East, as well as for dry bulk exports beyond the region. Initially, the joint venture BahriBunge Dry Bulk Ltd. will charter and operate supramax and panamax bulk carriers from Bahri Dry Bulk Co LLC’s existing fleet or third-party sources. While Riyadh-based tanker and dry bulk shipowner and operator Bahri is renowned for its tanker operations, Bahri’s dry bulk division Bahri Dry Bulk Co LLC is a 60/40 partnership with Arabian Agricultural Services Company (ARASCO). The division experienced an astounding 300% growth in cargo volumes during 2016 and has set an ambitious target of achieving approximately 14 million cargo volumes by 2020. 20-February-2017
Bahri Dry Bulk Co LLC, a subsidiary of Bahri (National Shipping Company of Saudi Arabia), is engaged in the transportation of grains, coal, iron ore, barley, and other dry bulk cargoes through its premier bulk carrier in Saudi Arabia. Established as a joint venture between Bahri (60%) and Arabian Agricultural Services Company (ARASCO) (40%), Bahri Dry Bulk Co LLC aspires to become a leading and competitive dry bulk logistics provider in the region, with ambitions to expand into global trade in the near future. Pioneering innovation and setting high industry standards remain at the core of its mission. The inception of The National Shipping Company of Saudi Arabia (Bahri) dates back to 1978 when a Royal Decree formed it as a Public Company. Ownership is distributed with 22% held by the Public Investment Fund “PIF” of the Saudi Government, 20% by Saudi Aramco Development Company, and the rest widely held in public shares by Saudi Nationals. Bahri Ship Management is held in high esteem across the Middle East as a world-class ship management and maritime services provider within the shipping industry. For over 20 years, Bahri Ship Management has been a steadfast support to Bahri’s business units and extends its high-class services to other ship owners. The company excels in maximizing ship safety, quality, and reliability through the most cost-effective operations while further enhancing Bahri’s reputation with its unwavering commitment to integrity, full compliance, and impeccable safety records. With dedication, Bahri Ship Management upholds best practices across its fleet of over 92 vessels, along with its crew of more than 3,500 onboard and in the office. Presently, Bahri efficiently manages a fleet of 95 vessels, comprising 42 VLCCs, 38 chemical and products tankers, 6 multipurpose vessels, and 9 dry bulk carriers. 30-June-2016