Annual Report 2017
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Executive Summary
Executive Summary
Bahri Logistics
Bahri Dry Bulk
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Bahri Logistics
Bahri Dry Bulk
– – Bahri Dry Bulk worked towards improving its fleet capabilities by adding four new vessels designed according to the latest international technical specifications. These will be delivered by 2020 according to an agreement signed with Hyundai Mipo Dockyard (HMD) – – The Company completed an initiative launched in 2016 that aimed to acquire a greater market share in the region by attracting new customers and increasing the volume of bulk needed to be transported to 5 million tons – a 25 percent increase compared to last year. – – A joint-venture agreement was concluded with the Dutch firm Koninklijke Bunge B.V. (Bunge), with Bahri owning a 60 percent stake and Bunge owning the remaining 40 percent. As a result, BahriBunge Dry Bulk Ltd. is launched with $35 million in capital investment. – – BahriBunge Dry Bulk Ltd. is launched to serve all customers in the region.
– – The Company entered into a joint venture agreement with Bolloré Group under the name of BahriBolloré Logistics, with Bahri owning a 60 percent stake in the joint venture and Bolloré owning the remaining 40 percent. The project aims to facilitate expansion in the logistics management market and tap into the fast-growing supply chain in Saudi Arabia and the GCC. – – The Company also inked an agreement with the Saudi Railway Company (SAR) under which Bahri Logistics provides transportation and shipping along with customs clearance services from around the world to SAR’s hubs of operation in the Kingdom. – – Alexandria Port has been added to the Company’s portfolio of ports in Egypt and will act as a new direct port call. This will allow Bahri to offer breakbulk and roll-on/ roll-off transportation services on its North American schedule. – – The company has been restructured with new departments introduced that contribute to delivering high-quality logistical services in addition to the acquisition of the ISO 2015 certificate that will complement the ISO 2009 certificate. – – The Company acts as the exclusive carrier for the Saudi Ministry of Defense and the Ministry of Interior. – – The Company signed cooperative agreements with partner carriers including Höegh Autoliners, Liberty Global Logistics and Rickmers-Linie.
2020 The contract with HHI will provide new vessels designed according to the latest international specifications for Bahri Dry Bulk’s fleet 5 The Company acquired a new target market share and increased transported cargo volume to 5 million tons Million Tons
Signed a joint venture agreement with Bolloré Group under the name of “BahriBolloré Logistics”
Concluded an agreement with the “Saudi Railway Company (SAR)”
Bahri’s stake in the “BahriBolloré Logistics project” 60% Added Alexandria Port to the Company’s portfolio of seaports in Egypt
Bahri – Bunge
The Companyv has facilitated commercial management of dry bulk carriers and helped customers in transporting cargo around the world to and from the region.
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