Bahri Returns to Hyundai Samho for Five More VLCCs

The National Shipping Company of Saudi Arabia, aka Bahri, has returned to South Korea’s Hyundai Samho Heavy Industries for 5 newbuild Very Large Crude Carriers.

[contextly_sidebar id=”vWfXi6e5HTn4UsHTKJ8KGB5DK9jNwbwb”]Bahri signed the take care of Hyundai Samho, an affiliate of Hyundai Heavy Industries, late Tuesday. The contract consists of choices for 5 further VLCCs.

The 5 newbuildings brings the entire variety of VLCCs Bahri has on order from Hyunday Samho to 10. In late May, Bahri signed a deal for the primary 5 VLCCs for supply in 2017. That order additionally included choices for 5 further vessels.

The newbuilds introduced Tuesday might be delivered in 2017-2018.

All ten vessels may have a capability of 300,000 DWT and constructed to the newest environmental and fuel-efficient technical specs.

Once once more, Bahri says that the signing of the contracts is for steady renewal of the present fleet to satisfy the wants of the native and international markets and that financing particulars might be introduced at a later time.

With a fleet of 31 VLCCs, Bahri is the unique supplier of VLCC crude oil transport providers to state-owned Saudi Aramco beneath a long-term settlement signed in 2012. Bahri additionally owns 24 chemical carriers , 6 Ro-Ro vessels and 5 bulk carriers.