Logistics (MENA) 
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Bahri + Salic JV kick off operations at Yanbu Grain Handling Terminal
The terminal has a handling capacity of up to 3 mn tons of grain per year
Bahri’s net income increases 127% y-o-y in 3Q 2024
The firm’s net income increased 40% y-o-y in 9M 2024
TODAY: Vale and Jinnan Iron & Steel partner on iron ore plant in Oman + China’s BAIC group to set up EV factory in Egypt
What we’re tracking this morning regionally and around the world
Bahri secures USD 756 mn murabaha financing to modernize fleet
The funds will be used to finance Bahri’s acquisition of nine VLCCs back in August
Updates in cargo, storage, aviation, and digitalization from the UAE, Morocco, and Iraq
Stories on our radar this morning from around the region
Bahri buys two USD 96 mn Chinese product tankers
Bahri bought two Chinese 50k dwt MR2 product tankers, Maritime Inspiration and Maritime Verity, from IMC shipping in Singapore
TODAY: Everything that happened at the Routes World forum in Bahrain + Equipment updates from Milaha
What we’re tracking this morning regionally and around the world
Bahri writes USD 1 bn ticket for nine oil tankers
Bahri currently operates a fleet of 40 VLCCs with a 2.2 mn barrels capacity
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