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Bahri and the Suez Canal Authority look to form shipping JV

Photo of Sam Chambers Sam ChambersMarch 2, 2023
1,527 Less than a minute
Bahri

Saudi Arabia’s flagship shipping line Bahri has signed a non-binding memorandum of understanding with the Suez Canal Authority (SCA) to establish an Egyptian joint-stock shipping company.

Bahri said the planned new entity would specialise in owning, leasing, chartering, and operating vessels to transport general and bulk cargo, chemicals and oil.

Established in 1978, Bahri Group now has six business units that include Bahri Oil, Bahri Logistics, Bahri Chemicals, Bahri Dry Bulk, Bahri Ship Management, and Bahri Desalination. The company owns and operates nearly 100 ships.

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Photo of Sam Chambers Sam ChambersMarch 2, 2023
1,527 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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