Bahri enters strategic partnership to address Saudi Arabia’s increasing LPG and ammonia shipping demands
Petredec and Bahri (The National Shipping Company of Saudi Arabia) have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies, both leaders in their respective fields, will establish a dedicated joint commercial team, led by Bahri Oil and Petredec.
Building on nearly two decades of collaboration, this partnership represents a new chapter in the long-standing relationship between Petredec and Bahri. Bahri’s 40% shareholding in Petredec, combined with Petredec’s world class LPG logistics and value chain platform, creates a strong foundation to meet increasing regional and global demand for LPG and ammonia transportation, highlighted a release.
Commenting on the significance of the strategic partnership, Eng. Ahmed Ali Al Subaey, CEO of Bahri, said: “This strategic alliance with Petredec builds on two decades of partnership and underscores Bahri’s commitment to meeting Saudi Arabia’s growing demand for LPG and ammonia shipping solutions. Bahri will establish an in-house LPG team within Bahri Oil to target all future Saudi Arabian LPG and ammonia shipping requirements. By combining Bahri’s global expertise with Petredec’s renowned leadership in LPG and logistics platform, we aim to strengthen our presence in these critical markets. This initiative reflects our dedication to advancing the Kingdom’s Vision 2030 goals of enhancing economic growth and establishing Saudi Arabia as a global logistics hub.”
Source: Exim News Service: Riyadh, Jan. 29