Bahri and Bunge in Middle East dry bulk JV

Bahri

Bahri Dry Bulk Company (BDB), a subsidiary of the Bahri Group, and Koninklijke Bunge have formed a joint venture to establish an ocean freight supplier for dry bulk import and export flows in the Middle East.

The partnership, which will operate under the name Bunge Bahri Dry Bulk Ltd., will provide exclusive freight transportation services to regional and other international customers.

The joint venture will charter and commercially operate supramax and/or panamax, and possibly other suitably sized dry bulk vessels, initially from the fleet currently owned or managed by BDB and subsequently from third parties.

“This JV is one of BDB’s strategic initiatives to reduce complexity for our customers along the value chain,” said Bahri CEO, Ibrahim Al-Omar.

 

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