Bahri is poised to expand its already sizeable involvement in the VLCC sector by as many as 15 vessels through a deal with Arab Petroleum Investments Corp (Apicorp) to launch a $1.5bn investment fund.


Development of a new shipyard in Saudi Arabia has moved a step closer with Saudi Aramco, Bahri, Hyundai Heavy Industries (HHI) and Lamprell signing a joint development agreement (JDA).

Some 150m tons of bulk trades in and around the GCC is giving the ailing global dry bulk sector a fillip at its lowest ebb.

Germany’s heavylift specialist Rickmers-Linie and the National Shipping Company of Saudi Arabia (Bahri) have entered into a space charter agreement covering the US to the Red Sea and the Middle East.

The National Shipping Company of Saudi Arabia (Bahri) has posted a stronger first quarter profit as on the back of a larger VLCC fleet and higher operating revenues.

The National Shipping Company of Saudi Arabia (Bahri) has raised SAR1.425bn ($380m) in Islamic financing to pay for five VLCC newbuildings.

The National Shipping Company of Saudi Arabia (Bahri) is buying a secondhand VLCC from Hanjin Shipping.

Hyundai Heavy Industries (HHI) and Lamprell Energy have taken over from lapsed partner Sembcorp Marine in a tie-up with Bahri (National Shipping Company of Saudi Arabia) and oil major Saudi Aramco to set up a new shipyard in the Middle East.

The National Shipping Company of Saudi Arabia (Bahri) is buying two secondhand VLCCs for $155m.

The National Shipping Company of Saudi Arabia (Bahri) has ordered five VLCCs, plus five options, from Hyundai Samho Heavy Industries (HSHI), as it seeks to build the world's largest fleet in the class.