The new 82,000 DWT vessel Bahri Bulk has been delivered to the National Shipping Company of Saudi Arabia (Bahri) subsidiary Bahri Dry Bulk. The ship was built at shipyards in Japan. Bahri Dry Bulk is 60 per cent owned by Bahri and 40 per cent by Arasco. The company has a contract for 5 vessels from different Japanese shipyards. Bahri Bulk is the 3rd vessel from the contract.
These types of vessels are long 229 meters, have capacity of 82,000 dwt and differ from other ships with that they consume less fuel. Bahri Bulk is designed to be eco-friendly. Bahri Dry Bulk is known to have chartered 5 vessels and sending them to Arasco. Old ships are planned to be replaced by the new ones.
The other 2 vessels which were arranged will be delivered in the first 6 months of 2014, the ships are still under construction.
The National Shipping Company of Saudi Arabia (Bahri) was created in 1978 as a Public Company, 28% of the company is owned by the Public Investment Fund "PIF" of the Saudi Government and the rest is in public shares by Saudi Nationals. In the beginning it was a small shipping firm operating multipurpose vessels. Bahri has become one of the biggest shipping conglomerates in the worldwide.