February 15th, 20180Saudi Aramco, Saudi Arabia’s state oil company, and its partners Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries (HHI), have chosen this year’s Posidonia exhibition in Greece for the global unveiling of its International Maritime Industries (IMI) joint venture giant yard. When the...
January 25th, 20180Houston-based oilfield services company McDermott International on Wednesday said it had been awarded a major contract by Saudi Aramco.
The deal is for engineering, procurement, construction and installation work on 13 jackets in four fields - Zuluf, Marjan, Berri and Abu Safah - offshore Saudi Arabia.
Its value has not been disclosed...
January 11th, 20180Bahri Dry Bulk, a joint venture between Saudi Arabian shipping firm Bahri and Arabian Agricultural Services Company (ARASCO), has secured Sharia-compliant funding of SAR360m ($96m) from compatriot Bank Albilad.
The fund will be used to finance the company’s four newbuild bulk carriers ordered at South Korean yard Hyundai Mipo Dockyard...
December 14th, 20170Saudi Arabia’s largest shipping line Bahri has tapped a livestock expert to become its new CEO starting on January 1.
Abdullah Aldubaikhi joins tanker giant Bahri from Saudi Agricultural and Livestock Investment Company (SALIC), where he served for the past six years. During his career spanning three decades, he has held various...
November 21st, 20170Houston-based McDermott International on Monday announced it has been awarded a major contract with Saudi Aramco, Saudi Arabia’s state oil company.
The deal is for engineering, procurement, construction and installation (EPCI) services for the huge Safaniya offshore field in the Persian Gulf, 165 miles north of Aramco’s...
August 28th, 20170Saudi Arabia's Bahri has announced that its dry bulk unit Bahri Dry Bulk has signed contracts with Hyundai Mipo Dockyard for newbuild four bulk carriers valued at $120m.
Construction of the quartet will commence immediately and delivery scheduled for 2020.
Ali Al-Harbi, acting CEO of Bahri, commented: “The addition of four new...
August 9th, 20170Saudi Aramco has signed a contract with a consortium comprising Saudi Archirodon Company and Huta Hegerfeld AG Saudia Company for the dredging, reclamation and marine structures for King Salman International Complex for Maritime Industries and Services in Ras Al-Khair.
Under the contract, the contractors will conduct dredging and...
June 26th, 20170Saudi Arabian owner Bakri Navigation has acquired 14-year-old aframax tanker from Greek owner Neda Maritime.
According to broking sources, Neda Maritime has offloaded the 109,300 dwt tanker to Bakri for $13m.
Bakri has been a regular buyer of Neda’s older tonnage, the most recent purchase last November with the 2002-built...
May 31st, 20171Saudi Aramco has announced the signing of an agreement with Lamprell, National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries to enter into a joint venture to establishment a giant shipyard complex in Saudi Arabia.
The new JV localises essential links in Saudi Aramco’s supply chain and...
May 22nd, 20170Houston-based oil industry services company McDermott International has signed a memorandum of understanding (MOU) with Saudi Aramco, coinciding with US President Donald Trump’s state visit to Saudi Arabia.
The two firms have a longstanding history of co-operation, with McDermott regularly working engineering, procurement,...
