Petredec and Bahri (The National Shipping Company of Saudi Arabia) announced a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands.
The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec.
Building on nearly two decades of collaboration, the partnership represents a new chapter in the long-standing relationship between Petredec and Bahri.
Bahri’s 40 per cent 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, the companies said.
Giles Fearn, CEO of the Petredec Group, said this partnership is a natural progression, combining the two companies’ respective strengths to meet Saudi Arabia’s growing LPG and ammonia shipping needs.
“I look forward to our extended collaboration with Bahri as it broadens its role within the LPG sector,” he said.
Ahmed Ali Al Subaey, CEO of Bahri, said by combining the company’s global expertise with Petredec’s renowned leadership in LPG and logistics platform, it aims to strengthen its presence in these critical markets.
“Bahri will establish an in-house LPG team within Bahri Oil to target all future Saudi Arabian LPG and ammonia shipping requirements,” he said.
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