{"id":101087,"date":"2025-10-02T00:00:00","date_gmt":"2025-10-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/02\/bahri-inks-sar-762-agreement-to-boost-bulk-fleet\/"},"modified":"2025-10-02T00:00:00","modified_gmt":"2025-10-02T00:00:00","slug":"bahri-inks-sar-762-agreement-to-boost-bulk-fleet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/02\/bahri-inks-sar-762-agreement-to-boost-bulk-fleet\/","title":{"rendered":"Bahri inks SAR 762 agreement to boost bulk fleet"},"content":{"rendered":"

The National Shipping Company (Bahri) signed a SAR 762 mn agreement with<\/strong> International Maritime Industries<\/a><\/strong> (IMI) to build six geared ultramax dry bulk vessels<\/strong>, it said in a disclosure to Tadawul<\/a> yesterday. The ships are scheduled for delivery in batches between 2028 and 2029.<\/p>\n

More details:<\/strong> The new vessels \u2014 each with a capacity of 62.8k deadweight tons \u2014 will be built by IMI, in which Bahri holds a 19.9% stake, making it a related party. Each ship is designed to handle ports with limited infrastructure, giving Bahri greater flexibility to expand into new markets and trade routes. The agreement also includes an indirect interest for CEO Ahmed Ali Alsubaey. <\/p>\n

SOUND SMART- <\/strong>Ultramax vessels are a class of bulk carriers typically sized between 60k and 65k deadweight tons. They are equipped with onboard cranes which give them the ability to load and unload cargo without relying on advanced port infrastructure.<\/p>\n

ICYMI- <\/strong>Bahri completed its USD 1 bn acquisition of nine Very Large Crude Carriers (VLCC) from Greece\u2019s Capital Maritime and Trading Corporation last month<\/a>, with the delivery of the final vessel Burqan. The agreement expands Bahri\u2019s fleet of VLCC to 50 \u2014 the largest in the world \u2014 and lifts the group\u2019s total owned fleet to more than 100 vessels.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ships are scheduled for delivery in batches between 2028 and 2029<\/p>\n","protected":false},"author":1,"featured_media":101088,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2857],"tags":[288,10,309],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-bahri","tag-enterpriseam-ksa","tag-trade","wpautop","entry"],"acf":{"mongo_id":"d7786a7d-ebad-4347-a7ae-ff6e69da1801","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/704.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bahri inks SAR 762 agreement to boost bulk fleet","related_issue":[101075],"teaser":"The ships are scheduled for delivery in batches between 2028 and 2029","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.425c6986-7c2d-4655-b0f9-68ddcdb875b3.mp3"},"yoast_head":"\nBahri inks SAR 762 agreement to boost bulk fleet - 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