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Strong 2012 at BAHRI

February 27 - The National Shipping Company of Saudi Arabia (BAHRI) saw strong financial performance during 2012.

Net profit at the shipping line for 2012 totalled SAR504 million (USD134.4 million), up 75.1 percent over 2011.

Operating profit during the trading period rose by 97.7 percent year-on-year to SAR453.8 million (USD121 million).

According to BAHRI, its net profit surge was a result of an improvement in the oil and gas sector, due to an increase of the average time charter equivalent rates in the very large crude carrier spot market.  BAHRI also saw improvement in the general cargo sector.

www.bahri.sa

Heavy Lift | News

EGL in transformer move thumbnail image

EGL in transformer move

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Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
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Seaboard ups Savannah services thumbnail image

Seaboard ups Savannah services

May 21 - The port of Savannah in Georgia has welcomed itsĀ first Seaboard Marine vessel call earlier this month, and the shipping line is preparing to launch additional services from the port.
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