Saudi’s Bahri To Buy Five More Very Large Oil Tankers From Hyundai Heavy

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the exclusive oil-shipper for Saudi Aramco said on Wednesday.

Hyundai agreed a contract in May to build five tankers and deliver them to Bahri in 2017. The deal included an option to buy five more, which Bahri is now taking up according to the latest announcement.

Bahri said the cost of buying the tankers would be announced at a later date, although each will have a capacity of 300,000 deadweight tonnage and would replace ships in its existing fleet.

The latest five ships will be delivered during 2017 and 2018, the statement added.

(Reporting by Tom Arnold; Editing by David French)

Copyright 2015 Thomson Reuters. Click here for Restrictions

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Latest Shipping News You Would Like:

U.S Navy To Decommission Littoral Combat Ships USS Little Rock & USS Detroit After Less Than 10 Years in Service

Posted on September 28, 2023

The Navy is going to decommission Littoral Combat Vessels the USS Little Rock (LCS-9) and the USS Detroit (LCS-7) this week.

Firefighter Robot Built For Indian Navy Warships Undergoes Trials On INS Vikrant

Posted on September 28, 2023

Trials of a fighting bot built by Swadeshi Empresa for the Indian Navy under the SPRINT initiative were undertaken on INS Vikrant.

U.S Navy To Integrate 3D Printing On Virginia-Class Submarine To Speed Up Construction Process

Posted on September 28, 2023

The Newport News Shipbuilding division of HII alongside General Dynamics Electric Boat has recently sourced a unique component from a 3D printing firm dubbed AMMCON.

Cocaine Worth €157 Million Seized From Ship In Ireland’s Biggest Drugs Haul Ever

Posted on September 28, 2023

An operation wherein over two tons of cocaine was recovered off the coast of Ireland is so far the greatest drug seizure in the state’s history, gardaí (the Irish police) have informed.

After India, U.S Raises Concerns Over Chinese Spy Ship’s Visit To Sri Lanka

Posted on September 28, 2023

The US has voiced its concern to Sri Lanka regarding a research vessel of China most likely to dock in the island country in the next month, a development that India finds concerning too.