Petredec and Bahri have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec, while Bahri will establish an in-house LPG team within Bahri Oil to target all future Saudi Arabian LPG and ammonia shipping requirements.
It is expected that Bahri’s 40% shareholding in Petredec, combined with Petredec’s LPG logistics and expertise, will...
https://www.themaritimestandard.com/alliance-to-meet-saudi-arabias-lng-and-ammonia-shipping-needs/