Optimism on display in Dubai

Nov 17 2017

Bahri recently hosted three maritime experts at its annual Oil Transportation Forum, which was held in Dubai during the Bahri VLCC Week.

Organised under the theme, ‘Tanker Market Opportunities and Challenges,’ the half-day event brought together major regional and global maritime tanker sector players to exchange thoughts and views.

The panel discussion, which attracted more than 200 guests from around the world, featured  Mohammed Al-Sarhan, Vice Chairman of Bahri, John Angelicoussis, Chairman of Angelicoussis Shipping Group and George Procopiou, Chairman of DYNACOM Tanker Management. The panel was moderated by Michael Tusiani, Chairman of Emeritus.

Al-Sarhan, said: “We are very optimistic about the future of the oil tanker market and we believe that there will continue to be demand for this market.”

Angelicoussis, said: “Markets where the population is high and where there is a very high GDP growth, for instance China and India, are markets that are immensely helping our industry. These countries need more oil and they are far away from reaching the levels we are consuming in the region.”

“As the world’s largest owner and operator of VLCCs and a market leader in the tanker sector, we are committed to leading the discussion on the next phase of growth in the maritime industry while strengthening Saudi Arabia’s position as a regional logistics hub as outlined in the Saudi Vision 2030.

“The global oil tanker market is going through a significant phase and it is up to us – as industry players – to come together and look for innovative ways to address the most pressing challenges and explore new opportunities that would enable us to become more resilient in a rapidly changing global economic environment,” said Naser Al-Abdulkareem, President of Bahri Oil.

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