Bahri Adds New VLCC to Its Fleet

Image Courtesy: Bahri

National Shipping Company of Saudi Arabia (Bahri) has further expanded its fleet with the addition of a 300,000-dwt very large crude carriers (VLCC) Aslaf.

Bahri took delivery of the new vessel at HHI’s Mokpo shipyard in South Jeolla Province, South Korea, bringing the number of VLCCs in its fleet to 39 while increasing its total fleet size to 86.

Built by Hyundai Heavy Industries (HHI) in South Korea, the new ship features a length of 330 meters and a width of 60 meters.

“This marks yet another milestone for Bahri and reinforces our preeminent position in the global oil transportation industry,” Ali Al-Harbi, Acting CEO of Bahri, said.

Aslaf is the third VLCC to join Bahri’s fleet this year following the delivery of Amjad in February and Maharah in June. This addition is part of the company’s plan to continue improving its operational excellence and commercial flexibility.

In a separate announcement, Saudi Arabia’s shipping firm said that it signed an agreement with France-based Bollore Logistics Sas to establish a joint venture in Riyadh, Kingdom of Saudi Arabia, with share capital of SAR 15 million (USD 3.9 million).

The parties would increase the share capital to be SAR 30 million in three months from the date of incorporating the joint venture, which will be engaged in total logistics services including brokerage in freight forwarding and transportation.

Bahri will own 60% of the shareholding in the joint venture while Bollore will own the remaining 40%. The companies expect to finalize the establishment of the joint venture by the third quarter of 2017.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 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 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >