Transporation and logistics company National Shipping Company of Saudi Arabia (Bahri) has appointed Ahmed Ali Alsubaey, a member of its board of directors, as a new chief executive officer (CEO) of the company.
Alsubaey will start his new role on 1 April 2022.
He holds a BSc and a Master’s in Electrical Engineering from the University of Arizona, USA and an Executive MBA from Stanford University, USA.
Alsubaey was the CEO of S-Oil in South Korea, where he was named “South Korea Most Respect CEO of the year 2009”. Ahmed held various leading roles in Saudi ARAMCO, the most recent was the Vice President for Marketing, Sales and Supply Planning.
Bahri also announced the resignation of its current CEO, Abdullah Ali Aldubaikhi who decided to pursue his career elsewhere. The company’s board approved the resignation on 19 December 2021 effective 1 April 2022.
Bahri owns and operates a fleet of 90 vessels, including 42 very large crude carriers (VLCCs), 23 chemical and 10 product tankers, six multipurpose roll-on/roll-off (RoRo) vessels, and nine dry-bulk carriers, serving 150 ports worldwide.
On 31 October, the company expanded its VLCC fleet to 42 when it added its first gas-ready vessel named Rayah. The ship was built by International Maritime Industries (IMI) and Hyundai Heavy Industries (HHI) at HHI’s shipyard in Ulsan, South Korea, as part of a $98.9 million contract signed in September 2019.