Bahri, Suez Canal Authority Strengthen Maritime Ties

National Shipping Company of Saudi Arabia (Bahri) and Suez Canal Authority (SCA) have decided to further support the maritime transport development between Saudi Arabia and Egypt and study a potential joint shipping company.

On March 11, the duo renewed the agreement aimed at facilitating seaborne transport across the Suez Canal.

The memorandum of agreement has been inked by Abdullah Aldubaikhi, Bahri’s CEO and Mohab Mameesh, Chairman and Managing Director of SCA.

In addition, the agreement includes a study of the establishment of a joint Egyptian-Saudi shipping company represented by SCA and Bahri. To be headquartered in Egypt, the company would be focused on transporting all kinds of cargo to fulfill Egypt’s needs.

Furthermore, the deal includes the study of another JV company providing integrated marine services for vessels crossing the canal. Back in 2016, Bahri and SCA started to explore possibilities on forming such a company.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >