Join our crew and become one of the 104,883 members that receive our newsletter.

Bahri Signs On for 5 VLCCs at Hyundai Samho

Bahri Signs On for 5 VLCCs at Hyundai Samho

Mike Schuler
Total Views: 7
May 26, 2015

Photo: Bahri

The National Shipping Company of Saudi Arabia (Bahri) has signed contracts with South Korea’s Hyundai Samho Heavy Industries (HSHI) for the construction of 5 very large crude carriers VLCCs.

The VLCCs will be delivered during 2017. The contract also includes an option for additional 5 more ships.

The vessels will have a capacity of 300,000 DWT and built to the latest environmental and fuel-efficient technical specifications.

Bahri says that the signing of the contracts is for continuous renewal of the current fleet to meet the needs of the local and global markets. The company says it will announce the financing details at a later time.

With a fleet of 31 VLCCs, Bahri is the exclusive provider of VLCC crude oil shipping services to state-owned Saudi Aramco under a long-term agreement signed in 2012. Bahri also owns 24 chemical carriers , 6 Ro-Ro vessels and 5 bulk carriers.

Tags:

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 104,883 members delivered daily straight to your inbox.

Join Our Crew

Join the 104,883 members that receive our newsletter.