Bahri, Saudi Aramco Execute Transaction Agreements for Merger of Vela’s Fleet
The National Shipping Company of Saudi Arabia (“Bahri”) announces today that Bahri, the Saudi Arabian Oil Company (“Saudi Aramco”) and Vela International Marine Limited (“Vela”), a wholly owned subsidiary of Saudi Aramco, have executed definitive and legally binding agreements (the “Transaction Agreements”) to merge the fleet and operations of Vela and Bahri (the “Transaction”). Execution [...]
November 5, 2012 | Posted in Company News,Europe & Eurasia,Featured,News by topic,NEWS category,Press releases,Regional news,Shipping News,Top Stories | Read More »
