Bahri in MoU with Aramco, Sembcorp

The National Shipping Company of Saudi Arabia, or Bahri, has signed a memorandum of understanding with Saudi Aramco and Singapore’s Sembcorp Marine to conduct a feasibility study for a maritime yard project in the kingdom.

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Published: Wed 21 Aug 2013, 10:30 PM

Last updated: Tue 7 Apr 2015, 7:49 PM

A decision on whether to go ahead with the development, which will provide engineering, manufacturing and repair services to rigs platforms, commercial vessels and offshore service vessels, will be made in the next 15 months, Bahri’s statement to the Saudi stock exchange said on Tuesday.

No value or location in the kingdom was given in the statement, except to say the yard would be a “world-class” facility. The study comes after preliminary assessments for the project completed by Aramco and Sembcorp Marine.

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