- Bahri and Petredec have formed a joint commercial team to address the growing demand for LPG and ammonia transportation.
- With Bahri holding a 40% stake in Petredec, the partnership strengthens its ability to meet regional and global shipping demands.
- The collaboration aims to enhance Saudi Arabia’s role as a global logistics hub and support economic growth.
Bahri and Petredec have entered into a strategic partnership to enhance Saudi Arabia’s LPG and ammonia shipping capabilities. This alliance builds on a strong two-decade relationship and aligns with the Kingdom’s Vision 2030 goals of becoming a global logistics leader, reports Petredec.
Bahri and Petredec Join Forces for Saudi Arabia’s Shipping Sector
Aiming to address the increasing demand for LPG and ammonia transportation, Bahri and Petredec have announced a strategic partnership.
The collaboration will establish a dedicated joint commercial team within Bahri Oil.
Strengthening a Long-Standing Relationship
With nearly 20 years of partnership, Bahri’s 40% stake in Petredec enhances its ability to provide efficient LPG and ammonia shipping solutions.
Petredec’s expertise in logistics and supply chain operations further solidifies this alliance.
A Strategic Move to Enhance Shipping Infrastructure
Eng. Ahmed Ali Al Subaey, CEO of Bahri, emphasized the importance of this partnership, stating, “This strategic alliance with Petredec builds on two decades of partnership and underscores Bahri’s commitment to meeting Saudi Arabia’s growing demand for LPG and ammonia shipping solutions.”
He highlighted that Bahri will establish an in-house LPG team within Bahri Oil to cater to future shipping requirements.
Petredec’s Perspective on the Collaboration
Giles Fearn, CEO of Petredec, reflected on the long-standing relationship between the two companies, stating, “For two decades, our relationship with Bahri has been built on mutual trust and shared objectives. It has been both productive and a pleasure to work with Bahri as both a shareholder and fellow director.”
He emphasized that this partnership is a natural progression to strengthen Saudi Arabia’s LPG and ammonia shipping sector.
Aligning with Saudi Arabia’s Vision 2030 Goals
The collaboration plays a crucial role in supporting the Kingdom’s economic diversification plans.
By combining expertise, Bahri and Petredec aim to reinforce Saudi Arabia’s logistics capabilities and global market presence.
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Source: Petredec
