Thursday, May 21, 2020
qatar lng ship
Maritime News

Bahri Puts LNG Tanker Plan on Hold, Sources Say

By Jessica Jaganathan SINGAPORE, May 21 (Reuters) – Saudi Aramco’s shipping division Bahri has put on hold plans to charter up to 12 liquefied natural gas (LNG) tankers after Sempra...

May 21, 2020
Total Views: 45

Tuesday, March 10, 2020
vlcc tanker
Maritime News

Saudis Make Rare Supertanker Bookings to Carry Flood of Oil

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the kingdom’s crude to U.S. customers in what shipbrokers...

March 10, 2020
Total Views: 77

Thursday, June 27, 2019
oil tanker photo
Maritime News

Bahri Commits to VLCCs a Saudi Arabia’s New King Salman Maritime Complex

Saudi Arabian shipping company Bahri has signed a Memorandum of Understanding for the construction of the first VLCCs at the new King Salman Complex for International Maritime Industries (IMI) and...

June 27, 2019
Total Views: 30

Wednesday, November 7, 2018
oil tanker loading
Maritime News

Saudi Tanker Company Bahri Targets Acquisitions in Asia, Middle East

By Marwa Rashad RIYADH, Nov 7 (Reuters) – Saudi Arabia’s Bahri is targeting acquisitions in Asia and the Middle East as the exclusive oil shipper for state energy giant Saudi...

November 7, 2018
Total Views: 9

Monday, July 18, 2016
bahri vlcc tanker

Bahri Plans Biggest Tanker Fleet with 46 VLCCs

By Wael Mahdi (Bloomberg) — A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create the world’s largest fleet of oil...

July 18, 2016
Total Views: 22

Sunday, April 3, 2016

Saudi’s Bahri Secures Financing for Five VLCCs

DUBAI, April 3 (Reuters) – National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million)...

April 3, 2016
Total Views: 23

Sunday, January 17, 2016
bahri oil tanker
Maritime News

Saudi Tanker Company Bahri Posts Huge Q4 Profit Jump

DUBAI, Jan 17 (Reuters) – National Shipping Company of Saudi Arabia (Bahri) reported a huge jump in fourth-quarter net profit on Sunday, citing a rise in revenue after the completion...

January 17, 2016
Total Views: 6

Thursday, October 8, 2015
Maritime News

Saudi Shipping Firm Bahri Sees Huge Profit Jump

  DUBAI, Oct 8 (Reuters) – National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a significant hike in third-quarter net profit on Thursday. The...

October 8, 2015
Total Views: 1

Monday, July 13, 2015
Maritime News

Saudi Oil-Shipper Bahri Says Q2 Profit Doubles

  DUBAI, July 13 (Reuters) – National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Monday its second-quarter net profit more than doubled due...

July 13, 2015
Total Views: 1

Wednesday, July 1, 2015
Maritime News

Bahri Returns to Hyundai Samho for Five More VLCCs

  The National Shipping Company of Saudi Arabia, aka Bahri, has returned to South Korea’s Hyundai Samho Heavy Industries for five newbuild Very Large Crude Carriers. [contextly_sidebar id=”vWfXi6e5HTn4UsHTKJ8KGB5DK9jNwbwb”]Bahri signed the...

July 1, 2015
Total Views: 3

Thursday, April 9, 2015
Maritime News

Saudi Arabian Tanker Owner Doubles Quarterly Profit

Bahri, the maritime shipping arm of Saudi Aramco reports today net profits from their operations have increased by 104 percent from the corresponding quarter last year to 399 million riyals...

April 9, 2015
Total Views: 0

Wednesday, April 8, 2015
bahri vlcc dorra
Maritime News

Bahri Signs Long Term Crude Oil Shipping Deal with South Korea

National Shipping Company of Saudi Arabia (Bahri) has agreed with South Korea's S-Oil Corp to ship crude oil cargoes from the third quarter of this year.

April 8, 2015
Total Views: 4

Wednesday, March 4, 2015

Saudi Shipper Bahri Plans $1 Billion Financing Round, Open to Acquisitions

"We are reviewing our strategy. We are inclined more to acquiring ships (than other companies)"

March 4, 2015
Total Views: 2

Sunday, June 22, 2014

Saudi Shipper Bahri Plans Long-Term Financing to Replace Vela Aquisition Debt

National Shipping Co of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in the next year to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday.

June 22, 2014
Total Views: 2

Tuesday, August 20, 2013

Bahri Signs MoU With Aramco, Sembcorp Marine For New Saudi Shipyard

DUBAI, Aug 20 (Reuters) – The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore’s Sembcorp Marine to conduct a feasibility...

August 20, 2013
Total Views: 3

Thursday, May 2, 2013

Saudi Arabian Shipper Expands Fleet with Latest Delivery from Hyundai Mipo

The National Shipping Company of Saudi Arabia (Bahri) announced yesterday that it has accepted delivery of the Bahri Hofuf, a 26,000 DWT general cargo ship built by Hyundai MIPO in South...

May 2, 2013
Total Views: 2

Monday, March 18, 2013

Saudi Oil Shipper Bahri Eyes Islamic Bond Issue To Fund Acquisition of Vela

DUBAI, March 17 (Reuters) – National Shipping Co of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition...

March 18, 2013
Total Views: 3

Tuesday, November 6, 2012
harad vlcc bahri

$1.3 Billion Merger Deal Signed, Vela and Bahri to Combine Tanker Fleets

At the end of June, the National Shipping Company of Saudi Arabia (Bahri) announced plans to merge with Saudi ARAMCO’s shipping arm, Vela International, and as of Sunday 4 November,...

November 6, 2012
Total Views: 5

Sunday, October 21, 2012

Saudi Arabian Shipping Giants Consolidate in $1.3 Billion Deal

On Saturday, The National Shipping Company of Saudi Arabia, Bahri, announced that it had closed a merger agreement worth upwards of USD $1.3 billion with Saudi Aramco and Vela International Marine...

October 21, 2012
Total Views: 9