Bahri Orders Six Ultramax Bulk Carriers, Launching Saudi Shipbuilding Ambitions

total, with deliveries scheduled between 2028 and 2029. The order, financed through internal cash and bank facilities, is seen as a significant step in modernizing Bahri's fleet and supporting Saudi Arabia's Vision 2030 strategy. IMI is a joint venture between Saudi Aramco, Bahri, Lamprell, and Hyundai Heavy Industries. The new vessels will allow Bahri to expand into niche and emerging trades, while also serving as a launchpad for the country's first large-scale shipbuilding project.