Independent journal on economy and transport policy
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Completed the procedures of two diligence for the fusion of the Saudi shipowning societies Bahri and Vela
Saudi Aramco will stop 20% of the capital stock of Bahri
June 18, 2014
The procedures of two diligence in sight of the fusion between the Saudi shipowning societies Bahri (The National Shipping Company of Saudi Arabia - NSCSA) and International Marine Sail of the oil group Saudi Aramco are completed. With the positive conclusion of the project, that it is announced two years ago and that it will be the most important fusion never realized in Saudi Arabia ( on 28 June 2012), .
With the fusion the entire fleet of the Sail, constituted from 15 Very Large Raw Carrier and five product carrier, will be transferred to the Bahri that will manage therefore 77 ships altogether and will become supplier exclusive right of the services of marine transport of crude oil for the Saudi Aramco group.
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