Bahri and Bunge to Form Ocean Freight Joint Venture - Seite 2

The JV, which will be financed pro rata by BDB and Bunge, will charter and commercially operate SUPRAMAX and/or PANAMAX (and/or other suitably sized dry bulk vessels) initially from the fleet currently owned or managed by BDB and subsequently from third parties.

About Bahri Dry Bulk Company
Bahri Dry Bulk, a 60/40 joint venture between Bahri and Arabian Agricultural Services Company (ARASCO), is the leading bulk carrier in Saudi Arabia specializing in the transportation of grain, coal, barley and other dry bulk cargoes. Bahri Dry Bulk is one of six business units within Bahri, a global leader in logistics and transportation, headquartered in Saudi Arabia.

Bahri Dry Bulk has a diversified regional customer portfolio with well-established, long-term shipping partnerships with key regional cargo owners. Having registered a growth of over 300% of cargo volumes during 2016, BDB aims to capture about 14 Mtons by 2020, with the support of its JV partner and expand into global markets.

About Bahri
Established in 1978, Bahri is one of the world's foremost logistics and transportation companies, playing a leading role in the transformation and growth of the global shipping industry through innovation and delivering value-added onshore and offshore services. As a global leader in the logistics and transportation industry, Bahri has six business units that include Oil, Chemicals, Logistics, Dry Bulk, Ship Management, and Data.

Bahri is the second largest owner of Very Large Crude Carriers (VLCCs) in the world, and the largest owner of chemical tankers in the Middle East. Presently, the company owns 84 vessels, including 37 VLCCs, 36 chemical/product tankers, 6 multipurpose vessels, and 5 dry-bulk carriers with additional 9 VLCCs on order.

Bahri is committed to playing an integral and leading role in realizing Saudi Arabia's Vision 2030 by continuously enhancing and expanding its services and presence across the world, enabling the opening of new trade routes, and positioning Saudi Arabia as a unique regional logistics gateway to three continents.

Bahri has around 2,400 dedicated employees across its global network of offices in Saudi Arabia, UAE, USA and India.

For more information, please visit:
www.bahri.sa
www.facebook.com/OneBahri/
www.twitter.com/onebahri
www.linkedin.com/company/bahri
www.youtube.com/user/bahriupdate/feed

About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.