in this issue
Regions :: Middle East
Bahri and Aramco Plan $1.3 Billion Merger of their Shipping Operations
6:13 AM MDT | June 28, 2012 | Natasha Alperowicz
The National Shipping Company of Saudi Arabia (Bahri; Rhiyadh) and Saudi Aramco have signed a memorandum of understanding (MOU) to merge the fleets and operations of Bahri and Vela International Marine, a wholly owned subsidiary of Aramco. The proposed merger would create a large and more diversified national shipping player, the companies say. Bahri is a joint stock company listed on Saudi Arabia’s stock exchange. Under the terms of the MOU, Vela’s operations, including very large crude carrier (VLCC) transportation system, will be transferred to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee