Sunday 1 May 2016
 
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Bahri secures $380m Islamic loan for five VLCCs

National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at SR1.425 billion ($380 million) to finance the construction cost of five very large crude carriers. The facility l

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New deal on major maritime complex in Saudi Arabia

Saudi Aramco,  the National Shipping Company of Saudi Arabia (Bahri), Lamprell Energy and Hyundai Heavy Industries have signed a memorandum of understanding (MoU) for joint collaboration on the establishment of a world-class maritime comple

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New deal on major maritime complex in Saudi Arabia

Saudi Aramco,  the National Shipping Company of Saudi Arabia (Bahri), Lamprell Energy and Hyundai Heavy Industries have signed a memorandum of understanding (MoU) for joint collaboration on the establishment of a world-class maritime comple

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Saudi shipper Bahri posts huge Q4 profit jump

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 of its merger with Vela Marine International and an increase in its fleet size.

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Talks on Saudi maritime yard to continue says Bahri

Talks on building a maritime yard in Saudi Arabia will continue despite the expiry of a memorandum of understanding, the National Shipping Company of Saudi Arabia (Bahri) said on Thursday. Bahri signed an MoU with Saudi Aramco and

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Bahri to buy two used VLCCs for $157m

National Shipping Co of Saudi Arabia (Bahri) said on Tuesday its board had approved the purchase of two used oil tankers from a subsidiary of South Korea's Daewoo Shipbuilding and Marine Engineering Co for $157 million.  

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Saudi's Bahri to buy two used oil tankers for $157m

National Shipping Company of Saudi Arabia (Bahri) said on Tuesday its board had approved the purchase of two used oil tankers from a subsidiary of South Korea's Daewoo Shipbuilding and Marine Engineering Company for $157 million.

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501pc profit jump for Saudi shipper Bahri

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 501 per cent increase in third-quarter net profit on Tuesday. The company made a net profit of SR510.3 million ($136.10 mill

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Saudi shipping firm Bahri posts big jump in Q3 profit

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 company's net profit for the three mon

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Saudi shipper Bahri doubles Q2 profit

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 to increased fleet size and rates for transporting spot crude. The c

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