09 May, 2012 Bahri, formerly the National Shipping Company of Saudi Arabia, has inked a multi-ship deal with an undisclosed shipyard for five 82 000dwt Kamsarmax bulk carriers.
These next generation 229m long vessels, each of which will be equipped with the latest equipment in energy saving equipment, are expected to be delivered during 2013-2014.
The vessels will be operated by the Bahri Dry Bulk, a joint venture company 60% owned by Bahri and 40% by the Arabian Agricultural Services Company (ARASCO). ARASCO is the largest bulk importer into the region.
Saleh Al-Jasser, CEO of Bahri said that the new tonnage is a part of the company’s expansion strategy.
The National Shipping Company of Saudi Arabia unveiled its new identity (BAHRI) in April.