Bahri Annual Report-2011

The National Shipping Company of Saudi Arabia

12/13

two independent companies: The National Chemical Carriers (NCC) and Bahri Dry Bulk, in collaboration with its strategic partners in these two segments.

The Company operates through independent strategic shipping segments: oil & gas, petrochemicals, general cargo and dry bulk. The petrochemical and dry bulk cargo segments’ operations are carried out through

Gross Operating Income

(%) of the segment contribution to the total

Other Operating Expenses

Total Operating Expenses

before bunker subsidy

Gross Operating Profit

Operating Revenue Bunker Cost

Bunker Subsidy

Segment

Crude Oil & LPG Transportation

1,227,423 (661,509) (560,057) (1,221,566) 5,857 137,449 143,306

42%

Petrochemical Transportation 362,539

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(210,785) (210,785) 151,754

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151,754

45%

General Cargo Transportation 401,122 (139,654) (256,372) (396,026)

5,096

39,016 44,112

13%

Dry Bulk Transportation

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Total

1,991,084 (801,163) (1,027,214) (1,828,377) 162,707 176,465 339,172 100%

Operating Revenue

Operating Expenses

Gross Operating Income

62%

67%

42%

18%

11%

45%

20%

22%

13%

Crude Oil & LPG Transportation

Petrochemical Transportation

General Cargo Transportation

Dry Bulk Transportation

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