Bahri (company)

Bahri, formerly known as the National Shipping Company of Saudi Arabia, is a transportation and logistics company, positioned as the national shipping carrier of Saudi Arabia.

The National Shipping Company of Saudi Arabia (Bahri)

الشركة الوطنية السعودية للنقل البحري
Public
ISINSA0007870054 
Founded1978
FounderRoyal Decree
Headquarters
Riyadh
,
Saudi Arabia
Key people
Abdulrahman Almofadhi
Mohammed AlSarhan
Abdullah Aldubaikhi (CEO)
ServicesTransportation of oil, chemicals, dry-bulk, multi purpose cargo, and ship management services
Revenue2,357,380,000 Saudi riyal[1] (2019) 
Total assets20,560,827,000 Saudi riyal[1] (2019) 
OwnerPublic Investment Fund (22.55%)
Saudi Aramco Development Co. (20%)
Number of employees
Approximately 2400
DivisionsOil, Chemicals, Logistics, Dry-bulk,and Ship Management
Websitehttp://www.bahri.sa

Overview

The company structures its operations around five business units that include Oil, Chemicals, Logistics, Dry Bulk, and Ship Management. Bahri's service offering includes transportation of crude oil, oil products, chemical, bulk cargo, Roll-on/roll-off as well as ship management.

Bahri is today the largest owner and operator of Very Large Crude Carriers (VLCCs) in the world, and the largest owner of chemical tanker ships in the Middle East.[2] The company currently owns 88 vessels, including 42 VLCCs, 35 chemical/product tankers, 6 multipurpose vessels and 5 dry bulk carriers.[3]

History

The National Shipping Company of Saudi Arabia was created by a Royal Decree as a public company in 1978, with 22% ownership stake held by the Public Investment Fund (PIF) of the Saudi government, 20% by Saudi Aramco Development Company (SADCO), and the remaining shares listed on the Saudi stock exchange (Tadawul).[4]

Business Units

Bahri Oil - Bahri Oil was established in 1996 to serve the crude oil transportation needs of Saudi Arabia and other oil-producing countries in the region. Presently, Bahri Oil commercially manages a total of 42 VLCCs.

Bahri Chemicals - Bahri Chemicals is a chemical/product tanker owner and operator and the largest in the Middle East. Established in 1990, Bahri Chemicals’ fleet consists of 35 chemical/product tankers with a fleet capacity of 1.3 million DWT.

Bahri Logistics - Founded in 1979, Bahri Logistics was the first strategic business unit to be created within Bahri. Bringing a novel approach to its focus on optimal cargo mix, Bahri Logistics operates a total of 6 state-of-the-art multipurpose vessels on a regular liner schedule.[5]

Bahri Dry Bulk - Bahri Dry Bulk was set up in 2010 as a joint venture (JV) between Bahri and Arabian Agricultural Services Company (ARASCO), with a mandate to acquire, own, charter and commercially operate a fleet of dry bulk vessels. The JV paved the way for Bahri's diversification into dry bulk transportation, which represents about 23% of the total cargo imported to Saudi Arabia.

mv Bahri Tabuk

Bahri Ship Management - Bahri Ship Management was established in the year 1996 jointly by Bahri and Acomarit, a ship management company based in Scotland, to provide ship management services to companies across the region. Based in Dubai, the company presently manages 88 ships comprising VLCCs, chemical carriers, dry bulk ships.

Bahri Roll-on/roll-off - Cars and machineries sea carriage and shipping division.[6]

gollark: Oh no, is it an impossible phone?
gollark: BRB, iterating over all possible phones.
gollark: `fd33315dfa9825c56eb03c8ef6803ca71cbf7ced2ac3529cdea04424d14c705a`
gollark: I'll give you the *unsalted* hash!
gollark: Is it the abstract concept of pink?

References
  1. "Company Details". Tadawul. Retrieved 12 April 2020.
  2. http://www.tankershipping.com/news/view,vlcc-business-is-booming-between-bahri-and-hhi_48068.htm
  3. https://worldmaritimenews.com/archives/241496/bahri-adds-new-vlcc-to-its-fleet-2/
  4. http://www.seatrade-maritime.com/news/middle-east-africa/saudi-arabia-to-move-fleet-of-37-vlccs-under-saudi-arabia-flag.html
  5. http://www.aircargonews.net/news/freight-forwarder/single-view/news/bollore-and-bahri-sign-saudi-joint-venture-deal.html
  6. http://www.seatrade-maritime.com/news/middle-east-africa/new-lightweight-roro-vessel-for-bahri.html
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