Bahri Adds 38th VLCC

Image Courtesy: Bahri

The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Maharah, a 300,000 dwt very large crude carrier (VLCC), from South Korean shipbuilder Hyundai Heavy Industries (HHI). 

The newbuilding was handed over to Bahri during a delivery ceremony held at HHI Mokpo shipyard in South Jeolla Province, South Korea, on June 12.

With a gross tonnage of 154,252 tons, Maharah features a length of 330 meters and a width of 60 meters.

Currently, the Saudi Arabia-flagged vessel has a market value of 79.2 million, VesselsValue’s data shows.

As disclosed, Bahri Oil, one of Bahri’s six business units, will be responsible for the commercial operation of Maharah.

This is the second VLCC delivery for the company so far this year. In February, the 300,000 dwt Amjad joined Bahri’s multipurpose fleet of 84 vessels.

“The addition of Maharah further strengthens our position as the world’s largest owner and operator of VLCCs… We celebrate this important milestone only months after accepting delivery of our 37th VLCC Amjad… In current times, fleet growth is critical to offsetting low spot market rates, and the timing of this delivery could not have been better,” Ahmed Ali Al-Subaey, Bahri’s Board Member, commented on the occasion.

“The partnership between Bahri and Hyundai Heavy Industries spanning over a decade has been highly successful, with 26 vessels ordered and delivered to date and 8 more VLCCs currently on order, among which 3 will be delivered this year,” Ali Al-Harbi, Bahri’s Acting CEO, said.

In April, Bahri revealed plans to re-flag 32 of its VLCCs and five of its mid-size carriers under the domestic flag by the end of 2017. As earlier explained, the registration of the company’s 37 VLCCs under Saudi Arabian flag is aimed at enhancing the Kingdom’s position in the International Maritime Organization’s (IMO) global rank lists and at increasing the size and efficiency of the Saudi Arabia’s fleet.

Last month, Bahri and HHI inked a memorandum of understanding (MOU) to cooperate in the field of big data. Under the MOU, the two companies will jointly develop smart ship solutions and apply them to ships operated by Bahri.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >