Participating in the fourth edition of the UAE Maritime Week, the Middle East’s first comprehensive maritime event, Bahri was given the ‘Dubai Maritime Innovation Award,’ which recognises the company’s outstanding performance and contributions towards the advancement of the industry.
In addition, Bahri received two awards at the 15th edition of the Seatrade Maritime Awards for the Middle East, Indian Subcontinent, and Africa. The company’s CEO, Abdullah Aldubaikhi, accepted the ‘Shipping Company of The Year’ award and the ‘Maritime Logistics Award’ on behalf of the company.
The company also received the ‘Best Talent Development Strategy’ award at the ‘Future Workplace Awards 2018’ and the ‘Global Transporter of the Year’ award at the ‘Transport & Logistics Middle East Excellence Awards 2018’ in Dubai; and was further honored with the ‘Breakbulk Operator of the Year’ award at the ‘Global Freight Awards’ ceremony in London.
“2018 has been a remarkable year for Bahri as it recorded solid growth across its operations,” says Aldubaikhi. “These awards are a testament to our constant endeavours focused on achieving excellence in our services and offerings.
“We have had double-digit growth in our net profits for the first three quarters of 2018. The results were achieved despite lower spot market rates, particularly in the oil transportation sector, and an increase in bunker costs.
“Our strong financial results demonstrate the success of our ongoing transformation drive across the organisation. We have been making significant investments towards strengthening our fleet and adopting new technologies and innovations in our operations. These efforts have paid off in the form of improved performance in our various business units.”
In the four decades since its inception as the national shipping carrier of Saudi Arabia, Bahri has grown from a small shipping firm operating multipurpose vessels to become one of the biggest transportation conglomerates in the world, and occupies a pre-eminent position in the global maritime industry today.
“Bahri has played a leading role in the transformation and growth of the global shipping industry through an unrelenting focus on innovation and a commitment to delivering technology-driven, value-added onshore and offshore services,” says Aldubaikhi.
As one of the largest providers of maritime services globally, Bahri structures its operations around six business units that include Oil, Chemicals, Logistics, Dry Bulk, Ship Management, and Data.
The group’s service offering includes transportation of crude oil, oil products, chemical, bulk and general cargo, as well as ship management. The company currently owns 93 vessels, including 46 VLCCs, 36 chemical/ product tankers, six multipurpose vessels and five dry bulk carriers.
Bahri also created a dedicated Big Data business unit in 2015 – called Bahri Data – as part of the company’s quest to become a knowledge-based business, thereby further enhancing its status as a pioneering exponent of data-driven decision-making in the maritime industry.
“Bahri has embarked on the next phase of its growth journey, and the success of its endeavours hinges on industry collaborations and customer support,” says Aldubaikhi.
“We have been tailoring our services to the needs of our customers – from optimising usage of third parties and building specially-designed vessels, to providing door-to-door transportation, domestically and across borders.”