Bahri signs two MoUs with Dynacom and SeaTraders

The transportation and logistics company, Bahri, formerly known as the National Shipping Company of Saudi Arabia, signed two Memoranda of Understanding (MoUs) with the greek companies, Dynacom Dynagas and SeaTraders.

The MoUs were intended to promote and facilitate commercial cooperation, technology transfer, and the use of the parties’ services and fleets. Each is valid for a duration of one year. They were signed on August 2nd, 2022, during the Saudi Greek Investment Forum in Athens, Greece. This took place shortly after the visit of H.R.H. Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, at the end of July.

Bahri is not the only Saudi company to have committed to partnerships. the conference. Indeed, during the forum, Saudi and Greek entities signed over a dozen agreements, worth over 15.2 billion Saudi Riyal (SAR), which is almost four billion euros.

Eng. Ahmed Ali Alsubaie, CEO of Bahri, commented: “With the signing of these two significant agreements, Bahri has taken yet another major leap towards improving the operational efficiency of our fleet and further establishing our organisation both regionally and globally. Dynacom and SeaTraders have developed impressive service portfolios, and we are excited to build a lasting relationship that embodies innovation and strengthens our country’s bilateral relations.”

Eng. Mohammed Bin Battal, President of Bahri Dry Bulk, said: “We are proud to begin the collaborative process with Sea Traders, in an ambitious pursuit of expanding our market presence and growing parallel to other dry-bulk shipping leaders. This new agreement gives leeway to a remarkable collaboration between the Saudi Arabian and Greek private sectors. It demonstrates our commitment to providing services of the highest standards to our customers.”

Author: Emma Dailey

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