In 2012, Bahri signed binding agreements with Saudi Aramco and Vela International Marine Ltd (a wholly owned subsidiary of Saudi Aramco), to merge Vela’s fleet and operations. In accordance with this agreement, the whole fleet of Vela comprising 14 double-hull VLCCs, one floating storage oil tanker and 5 tankers of refined oil products were transferred to Bahri. The process was completed in December 2014.