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.
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 and Bahri marine.
Today, Bahri one of the largest owner and operator of Very Large Crude Carriers (VLCCs) in the world, and one of the owner of chemical tanker ships in the Middle East.[1] The company currently owns 97 vessels with more on order, including 50 VLCCs, 31 chemical/product tankers, 7 multipurpose vessels and 13 dry bulk carriers.[2]
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).[1]