The National Shipping Company of Saudi Arabia (Bahri) announced yesterday that it has accepted delivery of the Bahri Hofuf, a 26,000 DWT general cargo ship built by Hyundai MIPO in South Korea.
This is the second of six vessels ordered by Bahri to have been delivered so far. The new build order was placed in 2011 at a total contract value of SAR 1,543 million (USD $411 million).
Deliveries of the final four vessels are expected during 2013 and the first half of 2014.
Bahri owns 17 Very Large Crude Carriers (VLCC’s), two of which are chartered to Hanjin and 15 are operating in the spot market. In addition, the Bahri owns three RoRo/RoCon vessels operating on the trade liner between North America, Europe, Middle East and the Indian Subcontinent and 23 chemical tankers.
By 2014, they expect to grow around 56 vessels according to a statement on their website.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,959 members that receive our newsletter.
Have a news tip? Let us know.
The United States Trade Representative (USTR) has announced the launch of an investigation into alleged unfair trade practices by China in the shipbuilding, maritime, and logistics sectors. The probe was...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Virginia-based energy company Dominion Energy has announced the launch of the first U.S.-built and Jones Act-compliant offshore wind turbine installation vessel, the Charybdis. A 472-foot vessel is being built at the...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,959 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
