Bahri Annual Report-2008

The National Shipping Company of Saudi Arabia

Annual Report 2008


to the same company. NCC has a long-term charter contract for six of its carriers to Saudi Basic Industries Corporation "SABIC" in addition to one carrier chartered by Sipchem.

The National Chemical Carriers Company operates six of its carriers through an international conglomerate run by "Odfjell" and three other carriers are chartered

Growth of Chemical Carriers

Number of Carriers

Capacity )static tons(

Description Fleet at the beginning of 2008 Tankers received during 2008 Fleet as at 31 December 2008 Tankers excluded during 2009 Tankers under construction expected to be received during 2009-2012 Total

14 2 16 )3( 16 29

552.800 92.400 645.200 )70.700( 720.000 1.294.500

In 2008, the chemical carrier activity realized a total operating profit of SAR 116.09 million, compared to $ 81.8 million Saudi riyals in 2007, or 12% percent of the total operational profits of the company in 2008.

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