Bahri (National Shipping Company of Saudi Arabia) is a major global shipping and logistics firm founded in 1978 by royal decree, headquartered in Riyadh. Listed on Tadawul, it’s partially state‑owned (PIF ~22.5%, Saudi Aramco Development Co ~20%) bahri.sa+12Public Investment Fund+12bahri.sa+12.
Bahri comprises six core business units:
Marine (floating desalination) investors.bahri.sa+10Wikipedia+10AGBI+10.
Oil (crude transport via VLCCs)
Maersk said on December 24
it was preparing a return to the Red Sea for both eastbound and westbound journeys, citing the deployment of a U.S.-led military operation to protect vessels against Houthi attacks, but provided few details.
France’s CMA CGM similarly on Tuesday said it was increasing the number of vessels travelling through the Suez Canal.
Among the vessels listed in a Maersk advisory to clients on Wednesday was the Maren Maersk, which departed Tangiers on Dec. 24 and would “continue via Suez Canal” with an estimated time of arrival in Singapore on January 14.
But many of its vessels are still scheduled to take the journey around Africa, the advisory showed.
Maersk has since December 19 rerouted ships around Africa via the Cape of Good Hope to avoid attacks, charging customers extra fees and adding weeks to the time it takes to transport goods from Asia to Europe and to the east coast of North America.
