Bahri Annual Report-2017

Bahri Logistics 3 Strategic Business Units 3 Annual Report 2017 68

69

Bahri Logistics Fleet

Bahri Logistics, established in 1979, was the first strategic unit to be established within the Bahri Group. Bahri Logistics adopts a unique approach by concentrating on providing an optimal mix of shipping services. It regularly operates six new state-of-the-art multipurpose vessels connecting the Kingdom of Saudi Arabia with key seaports in the Arabian Gulf, Indian subcontinent, Mediterranean region, North America and Europe.

In 2011, Bahri Logistics upgraded its services by signing contracts with large corporations such as Saudi Aramco, the Saudi Railway Company (SAR), Saudi Electricity Company (SEC) and Riyadh Metro project. Bahri Logistics is distinguished by the fact that it is a national Company with a Saudi nationalization percentage of more than 90 percent. It has branches in Dammam, Jeddah, Jubail, Ras Al- Khair, Jazan and Yanbu.

Bahri Logistics’ objectives are in line with the Saudi Vision 2030, which aims to make the Kingdom of Saudi Arabia a logistics hub in the region and to make Bahri the first national company representing the government in this industry locally, regionally and globally.

Bahri Logistics operates six new state-of-the-art multipurpose vessels as follows:

4 Ships connecting the United States to ports in the Kingdom, Gulf, Indian subcontinent and the Mediterranean.

2 Ships connecting Europe to ports in the Kingdom, Gulf and Mediterranean

4 The average age of our multipurpose vessels is four years or less. years

Bahri Logistics manages roll-on/ roll-off ships that are dedicated to transport breakbulk, project bulk and other types of cargo. RO-RO

26,000 26,000 DWT is the capacity of each vessel when they are operating regularly tons

About Bahri Logistics

• One of the six divisions of the Bahri Group • Listed among the world’s top 10 breakbulk shipping operators. • A leading operator of transportation services that provides shipping from the east of the United States, the US Gulf and Canada to Jeddah, Dubai, Dammam and Mumbai every 20 days and from Europe to the Red Sea and the Arabian Gulf every 30 days. • Bahri Logistics’ ships dock in Mediterranean and European seaports as part of their itinerary. • Operates ships through seaports situated in the Red Sea and Arabian Gulf through two monthly voyages. • Provides long-term contracted services to international companies and Saudi governmental entities. • Provides integrated door-to-door service solutions for breakbulk transportation. • Manages a private container yard facility at Jeddah Islamic Port. • Invests in information technology systems that integrate and streamline information from ports, agents and offices. • Operates an integrated network of offices and agents around the world.

Key Achievements in 2017

– – Cooperative agreements were signed with partner carriers such as Höegh Autoliners, Liberty Global Logistics and Rickmers-Linie.

– – The Company signed a joint venture agreement with Bolloré Group to establish BahriBolloré Logistics, with Bahri owning a 60 percent stake and Bolloré owning the remaining 40 percent. The project aims to expand into the market of door-to- door logistics management and tap into the fast-growing supply chain in Saudi Arabia and Gulf countries. – – Additionally, Bahri Logistics signed an agreement with the Saudi Railway Company (SAR) under which it will provide transportation and shipping services across the world to the latter’s hubs of operation in the Kingdom along with customs clearance services.

– – The division signed a logistics services agreement with Saudi Aramco. – – Alexandria Seaport was added as a new direct port call to the company’s portfolio of ports in Egypt, enabling Bahri to offer breakbulk and roll-on/ roll-off transportation services on its North American itinerary. – – Bahri Logistics was restructured with new departments introduced to further develop its services. In addition, the ISO 2015 certificate was acquired to complement the Company’s ISO 2009 certification. – – The Company acts as the exclusive carrier for the Saudi Ministry of Defense and Ministry of Interior.

Powered by