National Shipping Company of Saudi Arabia

The National Shipping Company of Saudi Arabia (Bahri)

الشركة الوطنية السعودية للنقل البحري

Type	Public
Founded	1978
Founder	Royal Decree
Headquarters	Riyadh, Saudi Arabia
Key people	Abdulrahman Almofadhi Mohammed AlSarhan Ibrahim Al-Omar (CEO)
Services	Transportation of oil, chemicals, dry-bulk, multi purpose cargo, ship management services and big data
Owner	Public Investment Fund (22.55%) Saudi Aramco Development Co. (20%)
Number of employees	Approximately 2400
Divisions	Oil, Chemicals, Logistics, Dry-bulk, Ship Management, Big Data
Website	http://www.bahri.sa

The National Shipping Company of Saudi Arabia (Bahri) was established in 1978 and is one of the largest providers of maritime services Globally. The company and its subsidiaries purchase, charter and operate vessels for the transportation of crude oil, chemicals, dry bulk and multi purpose cargo. Bahri owns and operates a fleet of double hull very large crude carriers (VLCCs), chemical carriers, dry bulkers and multipurpose Ro-Ro vessels. The company presently owns 37 VLCCs,^[1] including one VLCC designated as floating storage unit, 4 MRs and 1 Aframax, 26 chemical carriers, 5 product tankers, 5 dry-bulk tankers, 6 RoRo ships and additional 9 new-building VLCCs will join the fleet during 2017/2018. The company has also diversified into ship management, big data activities, freight forwarding and manages its own container service yard^[2]

Ventures

Bahri holds 80% stake in National Chemical Carriers Ltd. Co. "Bahri Chemicals"

Bahri holds 60% ownership in Bahri Dry Bulk "BDB"

Bahri holds a 30.3% stake in the Bermuda-based liquefied petroleum gas trading and ship-owning company, Petredec Limited.^[3]

In 2016, Bahri joined a partnership developing the King Salman Global Maritime Industries Complex in Saudi Arabia.^[4]

References