Signed term deal with Saudi Aramco to boost clean and chemical tanker capacity
The deal will help expand Bahri’s medium-term oil product shipping capacity, by adding clean tankers from the USA, Japan, and Greece for a year.
FEB
Bahri’s tanker, SARA, arrived at the Jeddah Islamic Port
The shipment brought 60,000 tons of barley from Bunbury, Australia.
Bahri Line launched a new liner service
The new shipping route will connect Asia to Europe via Jeddah Islamic Port with a rotation of the Far East, India, and the Kingdom of Saudi Arabia. This comes as an extension of Bahri’s expansion plan to widen its liner network, strengthen supply chains, and diversify shipping options to, from, and through Jeddah Islamic Port.
MAR
Signed an MoU with Suez Canal Authority
The deal will provide maritime transport services in the Egyptian market. Bahri will invest USD 499 Mn. and negotiate the potential of owning, leasing, hiring, and operating ships to transport general goods, including dry bulk, chemicals, oil, petroleum products, and liquefied gas, to meet the demands of the local market.
Signed an agreement with Shareek Program
The Private Sector Partnership Reinforcement Program, Shareek, will support Bahri’s efforts to enter and invest in the gas transportation sector to enable the Company to meet the future demand for gas transportation.
MAY
Collaborated in the Transport Logistics event
Bahri Logistics participated in the event, organized in Munich, Germany, which brought together logistics sector experts from all over the world. During the event, the business unit showcased its innovative and pioneering solutions in the field.
JUN
Offloaded ageing VLCC
Bahri offloaded one of its oldest VLCCs in an effort to replace it with newer and more efficient carriers.
JUL
Turned attention to modern ultramax bulkers
In an attempt to replace tankers with bulkers, Bahri bought modern, scrubber fitted ultramaxes built in Japan.
AUG
Signed an agreement with the Saudi Railway Company
Bahri Logistics partnered with the Saudi Railway Company (SAR) to provide global logistics support, including customs clearance and consultancy services for a 3-year period.
SEP
Participated in the Sustainable Maritime Industry Conference 2023 as a Gold Sponsor
Bahri’s participation exemplified its unwavering commitment to be a frontrunner for the cause of sustainability within the international shipping industry. The Company’s aim is to target a 50% reduction in carbon emissions by 2050.
Participated in Saudi Maritime Congress 2023 as a Founding Partner
The Company underlined its support for global maritime events and affirmed its pivotal role in driving the growth of the regional logistics sector.
Signed an MoU with the Saudi Investment Recycling Company (SIRC)
The MoU signals a plan to foster collaboration in the field of sustainable shipping and aims to drive environmental stewardship, promote circular economy principles, and advance sustainable practices within the maritime industry.
Took part in the GPCA Agricultural Nutrients Conference
The conference, hosted in Doha, Qatar, allowed Bahri to interact and share ideas with influential industry leaders aiming to transition towards a sustainable future for agricultural nutrients.
OCT
Participated in the Abu Dhabi International Petroleum Exhibition
Bahri’s CEO participated as a panelist at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023 with the aim of enhancing efforts to reduce emissions from the current energy system.
NOV
Secured 4 wins at The Maritime Standard Awards 2023
These awards stand as a testament to Bahri’s outstanding leadership and unwavering dedication to becoming an industry frontrunner in shipping and logistics.
Participated in the Global Freight Summit 2023
As an exhibitor, Bahri utilized the platform to showcase its cuttingedge solutions and advancements in the logistics industry.
DEC
Signed a membership agreement with Bayan Credit Bureau
The agreement will empower Bahri to avail the wide range of credit advisory services offered by Bayan and to make informed and responsible business decisions by assessing the creditworthiness of its potential clients.
Received ISO/IEC 20000 Certification
Bahri’s Information Technology team received a globally recognized IT certification under the ISO/ IEC 20000-1:2018 standard. This achievement highlights Bahri’s commitment to providing high-quality technology services and reinforces its dedication to excellence.
Investor Relations Department Olaya Towers (Tower B) Floors (12-15) Olaya District, Tahlia Road intersection with Olaya Street P.O. Box 8931, Riyadh 11492 Number: 00966-11-4785454 E-mail: IR@bahri.sa