Bahri Signs On for five VLCCs at Hyundai Samho

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

The VLCCs will likely be delivered throughout 2017. The contract additionally consists of an possibility for extra 5 extra ships.

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

Bahri says that the signing of the contracts is for steady renewal of the present fleet to fulfill the wants of the native and international markets. The firm says it’s going to announce the financing particulars at a later time.

With a fleet of 31 VLCCs, Bahri is the unique supplier of VLCC crude oil transport companies 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.