Bahri Annual Report-2016



Bahri Annual Report


Bahri Annual Report


Maritime Standard Awards (TMS) for Ship Owner/Operator of the Year Award. This accolade is further testament to Bahri’s business success

and its continued focus on creating and driving greater value for its shareholders and its stakeholders.

In recognition for its pioneering efforts and impressive contribution to transforming the maritime sector, Bahri received two highly prestigious awards from Lloyds List; in the Innovation Category (Big Data) and Big Data & Intelligence categories. The above accolades were the result of Bahri Data team’s collaborative engagement that included data scientists, commercial managers and technical ship managers. With

their combined 350 years of domain knowledge, Bahri Data’s team are the vanguard of Bahri’s pioneering transformation that will eventually allow it, through focused investments, to combine its operational and commercial knowledge with ‘Big Data’. This will strengthen Bahri’s pioneering position within the industry and enhance its customer- focused approach that is built on deploying a proactive and predictive information technology platform.

Awards & Accolades

In line with Bahri’s commitment towards playing an integral and leading role in realizing Saudi Arabia’s 2030 Vision, and given its transformation efforts that will contribute to Saudi Arabia’s economic diversification efforts, Bahri signed a Joint Development Agreement, JDA, with Saudi ARAMCO Maritime Offshore Limited, Hyundai Heavy Industries and Lamprell. The objective is to establish a maritime yard at Ras Al Khair, in Saudi Arabia’s Eastern Province, which will contribute to increasing local manufacturing and developing the services sector, while supporting the kingdom’s economic efforts and

increasing employment and growth opportunities. Moreover, the above partnerships will underpin the Saudi Arabia’s efforts in knowledge transfer and will help with the creation of 80,000 direct and indirect jobs, both skilled and semi-skilled. In addition, it is expected to spur potential entrepreneurial spin-offs, thus creating even greater employment opportunity. The JDA, which calls for the construction of aworld classmaritime yard, is part of Bahri’s strategic vision to invest in the Saudi economy and expand into adjacent businesses. Bahri’s stake is expected to be 19.9%.

Bahri Spearheads Building a Saudi Shipbuilding Industry

efficiency and financial gain for the company.

Bahri was also awarded an equally respected accolade, the USCG Quality Award, which is given to only 10% out of the 4,800 vessels that call on US ports per year. This award is further testament to Bahri’s superior safety and quality standards that outperformed the industry benchmarks and resulted in

Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates Airline and Group, Bahri also scooped The

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