Bahri (The National Shipping Company of Saudi Arabia) and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands, according to Petredec's release.
The two companies, both leaders in their respective fields, will establish a dedicated joint commercial team, led by Bahri Oil and Petredec.
Bahri’s 40% shareholding in Petredec, combined with Petredec’s world-class LPG logistics and value chain platform, creates a strong foundation to meet increasing regional and global demand for LPG and ammonia transportation.