Bahri Annual Report-2017

Annual Report 2017

20

21

Executive Summary

Executive Summary

Bahri Ship Management

Bahri Data

5

6

Bahri Ship Management

Bahri Data

7

BRISO The Company developed integrated system operations for its “BRISO” platform

36 vessels were relaunched and flew the Saudi flag 36 30% Performance on the ship inspection report (SIRE) program improved and a rating of 30 percent was achieved. The Company passed the DNV- GLISM checks and achieved an ISO merit in the new audit system. 13% on the Port State Control (PSC) indicator for ship inspections compared to the 2016 average

– – Work was completed on integrating system operations for Bahri Data’s BRISO (Bahri Resource Integrated Sea Operations) platform, which integrates various streams of information related to business shipping. – – In 2017, the Company worked with Bahri ship management and other stakeholders to conduct audits based on data about operations and reducing operational costs. This data analysis led to a decrease in costs in four key areas – warehouse management, cruise control, maintenance, and crew. – – The Company developed a new marine application named “Safe Seas” in cooperation with DNV GL, a global quality assurance and risk management Company. The application improves marine safety, security, quality and compliance with the industry’s global regulations. It was exhibited at Bahri’s Big Data Forum held in November 2017.

– – Seven ships have been added to Bahri Ship Management’s fleet including five VLCCs and two chemical tankers. The number of ships under Bahri’s technical management has increased to 85. – – Periodic maintenance of dockyards hosting nine VLCCs and six chemical tankers was carried out throughout the year; the Company carefully planned the docking and maintenance of ships to be completed within the shortest time possible without affecting quality or customer service. – – The Company relaunched 36 ships and hoisted the Saudi flag on them. This reflects our commitment to boosting the Kingdom’s position in the world’s maritime sector and increasing the capacity and international reputation of the Saudi fleet. – – 11 employees from the Saudi Public Transport Authority were trained at our offices in Dubai as well as 15 trainees from the Maritime Consulting Center in Dammam (affiliated to the Saudi Ports Authority) as part of the Company’s initiative for supporting the maritime industry in the Kingdom. – – The Company won the Maritime Standard’s award for Ship Manager of the Year in addition to the Lloyd’s List’s Ship Operator Award. It also qualified for the finals of the Environmental and Safety Compliance Awards. – – Performance in the Ship Inspection Report (SIRE) program increased by 12 percent. The Company concluded the year with a 30 percent rating that was better than the industry’s global average at the Oil Companies International Marine Forum (OCIMF). – – The Company recorded a performance increase of 13 percent on the Port State Control (PSC) indicator for ship inspections Compared to the 2016 average, with no violations recorded. Our fleet has also undergone 28 inspections by the US Coast Guard (USCG) throughout the year with no negative observations. – – The company has passed DNV-GLISM checks and achieved an ISO merit in the new audit system.

7 vessels were added to “Bahri Ship Management’s fleet”

+ 6 9

Periodic maintenance of nine VLCCs and six chemical tankers were carried out during the year Authority were trained at the Company’s Dubai offices 11 11 employees from the Saudi Public Transport

Audits based on data about operations and reducing

operational costs were conducted Safe Seas A new marine application named “Safe Seas” was developed in cooperation with DNV GL, a global quality assurance and risk management Company. Application

15 employees from the Maritime Consulting Center in Dammam were trained as part of an initiative to support the maritime sector. 15

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