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Malaysian shipping struggling to catch up, while ports anchor aweigh from troubled waters

Malaysian shipping struggling to catch up, while ports anchor aweigh from troubled waters
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Malaysian shipping struggling to catch up, while ports anchor aweigh from troubled waters

KUALA LUMPUR (Dec 4): Malaysia’s Maritime industry had a mixed development in 2022, with the shipping business slowly steaming in rough waters, attempting to recover from the hard knocks of the Covid-19 pandemic, and rebuilding it amid a lack of directional stability. However, the ports have started gaining momentum.

Bahri Logistics to acquire remaining stake in joint venture with Bolloré

RIYADH: National Shipping Co. of Saudi Arabia, better known as Bahri, has announced its business unit has entered into a sales and purchase agreement with Bolloré Logistics to acquire 40 percent of the share capital of their joint venture, Bahri Bolloré Logistics. According to a press release, Bahri Bolloré Logistics will become a wholly owned subsidiary of Bahri and will be

Saudi-listed Bahri s profit soars 360% as shipping operations rebound

RIYADH: The National Shipping Co. of Saudi Arabia, better known as Bahri, saw its profit surge 360.67 percent during the first nine months of 2022, following a revenue jump to SR5.8 billion ($1.5 billion). The firm, which is a joint venture between the Public Investment Fund and Saudi Aramco, made profits of SR463 million, up from SR100 million a year ago, a bourse filing

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