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Saudi shipping firm gains 9pc on mergerShares at Saudi National Shipping Company (Bahri) rose 9 per cent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares. On Wednesday State oil giant Saudi Aramco and Bahri a More… |
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Saudi shipping firm to boost VLCC fleetThe state-run National Shipping Company of Saudi Arabia is looking to buy more Very Large Crude Carriers (VLCCs) to add to its existing fleet of 17 tankers, a company executive said. 'We have a five year growth strategy and would like More… |
