Bahri, the national shipping carrier of Saudi Arabia, has signed a memorandum of understanding (MoU) with compatriot mining company Ma’aden to strengthen its logistics sector ties.
As part of the deal, the parties will explore co-operation across various fields, including chartering cargo ships to transport ammonia gas and dry transport needs among others.
Mohammed Bin Battal, president of Bahri Dry Bulk, and Anas Albassam, Vice resident of Commercial and Market Development Phosphates at Ma’aden, signed the agreement at a ceremony on the side-lines of the Future Minerals Forum held in Riyadh from 11-13 January 2022.
“As a company committed to contributing to Saudi Arabia’s maritime goals set out in Saudi Vision 2030, Bahri sees this agreement with Ma’aden as an essential step towards bolstering the Kingdom’s raw materials trade,” said Abdullah Aldubaikhi, CEO of Bahri.
“The strategic partnerships being forged with national companies such as Ma’aden in the next few years will prove the most fruitful for our long-term growth and stability, both regionally and internationally”.
Bahri is known as one of the largest owners and operators of VLCCs in the world, and the largest owner of chemical tankers in the Middle East.
The company owns and operates a total of 90 vessels, including 42 VLCCs, 33 chemical and product tankers, 6 multipurpose vessels, and 9 dry-bulk carriers.
Soon, the company will welcome Ahmed Ali Alsubaey as the new CEO. Alsubaey was the CEO of S-Oil in South Korea, will assume the new role on 1 April 2022.
Source: Seatrade Maritime News