Bahri announced it has signed a VPA with IMI and a subsequent sub-contract agreement with its long-term partner HHI to build of a 319,000 DWT VLCC with delivery expected in October 2021.
The commitment from five of the Kingdom’s maritime leaders at the world-class Saudi Maritime Congress in Riyadh highlights the significant platform this allows to discuss how Vision 2030 will transform the Saudi economy.
A new technology, called ground level optical water cut (GLOW), allows checking the water content of a crude oil shipment in a safe and timely manner.
More than a dozen homemade drones attempted to attack two Russian military bases in Syria in the past week, while a swarm of three remote-control boats in the Red Sea rushed a Saudi-flagged oil taker.
Lockheed Martin has been awarded the first contract for a quartet of frigates the company is building as part of a $20 billion foreign military sales package to Saudi Arabia, USNI News has learned.
The Authority explained that this global distinguished presence of the Kingdom is based on its membership in IMO and its membership in the International Anti-Piracy Group.
Saudi Aramco signed a contract with a consortium comprising Saudi Archirodon and Huta Hegerfeld AG Saudia for dredging, reclamation and marine structures for King Salman International Complex.
The aim of this initiative is to ensure all ships comply with BWM convention requirements, which has been ratified by Saudi Arabia and will become internationally enforced by 8 September 2017.
Under the MOU, the two companies will jointly develop smart ship solutions and apply them to ships operated by Bahri that currently operates 37 VLCC.