To develop specialized shipping solutions and support industrial integration

The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent (LOI) to explore potential cooperation in maritime transport to meet Hadeed’s Iron Ore shipping needs. The LOI, signed in Riyadh, states that both parties intend to discuss mechanisms for utilizing Bahri capabilities to meet Hadeed’s maritime transport requirements. This collaboration aims to explore potential joint opportunities between Bahri and Hadeed , including the potential development and construction of new vessels tailored to Hadeed’s operational and technical needs within the Kingdom.

Providing reliable and resilient shipping solutions 

On this occasion, Bahri’s Chief Executive Officer, Eng. Ahmed Al-Subaey, said:
“This collaboration marks an important step toward enhancing the national maritime transport ecosystem. At Bahri, we remain committed to supporting supply chains and providing reliable and resilient shipping solutions that enhance operational efficiency for our partners.”

Securing specialized maritime transport solutions 

Meanwhile, Hadeed’s Chief Executive Officer, Mr. Abdulqader Al-Mubarak, stated:
“Hadeed is continuously working on developing its operational and logistics ecosystem. This collaboration with Bahri represents a supportive step toward securing specialized maritime transport solutions that meet our operational needs and enhance the efficiency of the industrial sector.”

The cooperation

The cooperation aligns with efforts to strengthen industrial and operational integration and localize value chains. Bahri serves as the Kingdom’s national maritime carrier with a global logistics footprint, while Hadeed is one of Saudi Arabia’s leading national industrial companies in the steel and iron sector.

About :Bahri, 

Bahri, formerly the National Shipping Company of Saudi Arabia, is a major global transportation and logistics company, acting as Saudi Arabia's national carrier, specializing in crude oil, chemicals, dry bulk, and integrated logistics with a large fleet serving over 150 ports worldwide, supporting Saudi Vision 2030 by connecting global markets. The name also means "marine" or "maritime" in Arabic and is a common surname

About :The Saudi Iron & Steel Company (Hadeed)

The Saudi Iron & Steel Company (Hadeed) is a major integrated steel producer in Saudi Arabia, owned by SABIC, established in 1979 to support the kingdom's development by supplying long (rebar, wire rod) and flat (hot/cold rolled) steel products for construction and infrastructure, becoming the largest in the GCC with a significant role in Saudi Vision 2030

Source : Press - Release received by Maritime Tickers

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