Chapter two Strategic Business Units and Support Departments
Dry Bulk Transport Sector
Bahri Dry Bulk Co. LLC (BDB) was established in 2010 with paid-up capital of SAR 200 million. Its initial investment is estimated at around SAR 656 million. This business sector began its operations in 2012 through BDB (a subsidiary 60% owned by Bahri and 40% by ARASCO.) BDB started operating to meet the demands of its customers in terms of the transportation of grains and other bulk cargo from multiple countries around the world to KSA. This operation was carried out by chartering three ships from the global market, with Bulk Carriers New Building Project In April 2012, BDB signed contracts to build five Kamsarmax ships for dry bulk transportation with one of the world’s leading dry docks. The first ship is expected to be received by the end
contracts ranging from 17 to 21 months. The Company intends to charter a total of five ships and continue its operations until it receives its new ships which are still under construction. The Company also seeks to enhance and strengthen its relations with its current and potential customers by developing its dry bulk transportation service and marketing strategies, in order to achieve further growth and prosperity.
of 2013, while the rest of the ships are expected to be received during 2014.
Specifications of the Bulk Cargo Transport Fleet Currently under Construction as on December 31, 2012
Breadth (m)
Length (m)
Ship
Year Built
Size (DWT) Draught (m)
Horsepower Speed (knots)
Expected in 2013 Expected in 2014 Expected in 2014 Expected in 2014 Expected in 2014
1 Hull No. 10730
81,800
14.45
32.26
224.5
9,840
14.5
2 Hull No. 10731
81,800
14.45
32.26
224.5
9,840
14.5
3 Hull No. 10732
81,800
14.45
32.26
224.5
9,840
14.5
4 Hull No. 10733
81,800
14.45
32.26
224.5
9,840
14.5
5 Hull No. 10734
81,800
14.45
32.26
224.5
9,840
14.5
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