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RIYADH: Shipping firm Bahri has signed an agreement with conglomerate Ajlan & Bros to explore creating a new company specializing in owning and operating a range of vessels. The two firms signed a memorandum of understanding to begin discussions on the joint venture on Dec. 12, and have a timetable of six months to achieve progress.
Bahri, a global leader in logistics and transportation, said its business units Bahri Chemicals and Bahri Logistics have recently signed Memorandums of Understanding (MoUs) with Saudi Aramco Base Oil Company (Luberef).
Bahri Chemicals will provide logistics solutions and services to Luberef, which will assist by providing details of available shipments that align with vessel dates at load ports