Chapter 2 Strategic Business Units and Support Departments Dry Bulk Cargo Transportation Sector Dry Bulk Cargo Transportation Sector operates through Bahri Dry Bulk Company LLC (BDB), a joint venture which is owned 60% by Bahri and 40% by Arabian Agricultural Services Company (ARASCO). The company is competent in the transportation of grains, cereals and other dry bulk cargo. Project for Building Dry Bulk Transportation Vessels In April 2012, BDB signed contracts with one of the leading shipyards in the world to build 5 Kamsarmax bulk carrier vessels to ship dry bulk cargo. MV Bahri ARASCO was delivered on November 29, 2013, while Bahri Grain and Bahri Bulk were delivered on January 15 and 27, 2014 respectively. The remaining two vessels will be delivered during the first half of 2014.
Specifications of Dry Bulk Cargo Carriers Delivered and Under Construction as at December 31, 2013
S. N.
Weight (DWT)
Draught (M)
Width (M)
Length (M) Horsepower
Speed (Knots)
Ship
Building Year and Delivery Date
1 Bahri Arasco Delivered on November 29, 2013
81,800 14.45 32.26 224.5
9.840
14.5
2 Bahri Grain
Delivered on January 15, 2014
81,800 14.45 32.26 224.5
9.840
14.5
3 Bahri Bulk
Delivered on January 27, 2014
81,800 14.45 32.26 224.5
9.840
14.5
4 Bahri Wafi
Expected Delivery in first quarter of 2014
81,800 14.45 32.26 224.5
9.840
14.5
5 Bahri Trader
Expected Delivery in first quarter of 2014
81,800 14.45 32.26 224.5
9.840
14.5
Technical Ship Management Mideast Ship Management Ltd. is a wholly owned subsidiary of Bahri based in Dubai and manages the Company’s fleet, in addition to the fleet of its subsidiaries on a technical
• Percentage of employee turnover decreased from 8% in 2012 to 2% in 2013. • Job positions and titles were reassessed and job descriptions were developed in Mideast Ship Management Ltd. • Mideast Ship Management participated in an annual study prepared by Moore Stephens to measure and compare operating costs of ships with other peers.
Key highlights • Mideast Ship Management Ltd. is a member of the Vessels Human Resources Club which encompasses 60 major ship owners or ship management providers’ worldwide comparing salaries and wages of ship crews. • Qualified technical and administrative employees increased this year by 10% in line with the increasing number of ships managed by Mideast Ship Management Ltd.
basis. Mideast submits technical reports on vessel performance, operational status and results of periodic checks along with its recommendations to Bahri.
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