Bahri, Saudi Arabia’s leading shipping and logistics provider, announced a landmark agreement with International Maritime Industries (IMI) for the order of six new dry bulk carriers.
This milestone represents the official launch of Saudi Arabia’s first large-scale national shipbuilding project, a crucial step in reinforcing the Kingdom’s ambition to create a globally competitive maritime ecosystem under Vision 2030 and the Saudi Inc. initiative.
The new state-of-the-art vessels will be constructed at IMI’s shipyard in Ras Al-Khair, recognized as the most advanced full-service maritime facility in the MENA region. This strategic collaboration highlights the goal of the Saudi Inc. initiative to enhance integration among major Saudi companies and promote the localization of supply chains within the Kingdom.
“This agreement marks a strategic milestone for Bahri and a defining moment for the maritime industry in the Kingdom,” said Eng. Ahmed Ali Al-Subaey, CEO of Bahri. “Through our partnership with International Maritime Industries to launch the first large-scale national shipbuilding program, we are not only modernizing our fleet but also laying the foundations for a sustainable and globally competitive maritime sector.”
The new geared Ultramax vessels are specifically designed to deliver significant operational flexibility and efficiency. Their specialized design enables them to access ports with limited infrastructure, allowing Bahri Dry Bulk to expand into niche markets and emerging trade routes. This enhanced adaptability reduces exposure to market volatility while boosting resilience, competitiveness, and sustainability.
Eng. Al-Subaey added, “The construction of these new carriers will enable us to expand and elevate our service level into strategic markets, enhance the resilience of supply chains, and deliver long-term value to our customers and stakeholders, fully aligned with the ambitious objectives of Saudi Vision 2030.”
This commitment reflects Bahri’s role in strengthening the local maritime industry, supporting the Saudi economy, and contributing to a new supply chain ecosystem that enhances the Kingdom’s global trade competitiveness.
Bahri is one of the world’s leading shipping and logistics companies, playing a vital role in the transformation and growth of the global shipping industry. The company operates a fleet of vessels across different segments and provides a comprehensive range of transportation and logistics solutions.
