Growth through values
This is the year a Royal Decree creates Bahri, the public company. Initially known as NSCSA, owned 22.55% Public Investment Fund (PIF), 20% Saudi Aramco Development Co. (SADCO), 57.45% listed (Tadawul).
Forty years of growth turns a small multipurpose vessel company into a world leader in maritime logistics and transportation conglomerate.
A large fleet of 93 modern, state-of-the-art vessels that are built to the highest standards enable Bahri to serve 150 ports worldwide.
An Unrivalled Operator
Our global clients rely on Bahri’s drive and scale to deliver excellence.
We are one of the world’s largest owner and operator of Very Large Crude Carriers (VLCCs) with a total capacity of more than 13 million DWT.
We are proud to be the largest owner and operator of chemical tankers in the Middle East. Our operational fleet is approximately 1.3 million DWT.
Logistics Record Breakers
Our fleet has carried the largest and heaviest pieces of cargo ever transported.
Established as a joint-stock company in October.
Charters vessels and grows operations into the USA.
Joins the general cargo segment as a national carrier.
Diversifies into chemical transportation via a joint venture with SABIC.
Opens first office in the USA.
Opens first office in the UAE.
- Carries crude oil for the first time.
- Brings technical ship management in-house.
Expands office base into India.
Starts freight forwarding service.
Diversifies into dry bulk via a joint venture with ARASCO.
Bahri Logistics orders six RoRoConplus vessels.
Bahri Dry Bulk orders five Kamsarmax dry bulk vessels.
- Historic merger with Vela.
- Exclusive VLCC carrier for Saudi Aramco CIF sales.
- Share capital reaches SAR 3.9 billion.
Bahri Oil orders ten VLCCs.
Launches $1.5 billion shipping fund with APICORP.
- Launches BahriBolloré Logistics and Bahri-Bunge Dry Bulk.
- Receives five VLCCs from Hyundai Heavy Industries (HHI).
- Inks agreement to build an offshore sector shipyard in the King Salman International Complex for Maritime Industries and Services, Ras Al Khair.
Receives five VLCCs from HHI.
Signs MoU with International Maritime Industries (IMI) and Hyundai Heavy Industries (HHI) for the building of new VLCCs.
Received 1 VLCC