Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec.
Ahmed Ali Al Subaey, CEO of Bahri, Saudi’s top shipping line, said: “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.”
Giles Fearn, CEO of Petredec, one of the world’s largest LPG carrier operators, commented: “This partnership is a natural progression, combining our respective strengths to meet Saudi Arabia’s growing LPG and ammonia shipping needs.”
