Bahri buys VLCC duo

Bahri buys VLCC duo

Saudi Arabia’s Bahri has purchased two 321,200-dwt VLCCs from Daewoo Shipbuilding & Marine for $78m each after the vessels failed to sell over the summer.

Blue Topaz and Blue Pearl (both built 2010) were officially offered for sale on Tuesday, with the sale reported by brokers on Thursday. Prior to the sale, both vessels were managed by Korea Line, according to Equasis.

Daewoo had looked to sell the vessels privately over the summer to a specific buyer, but the unnamed counterparty was unable to meet the asking price, brokers say. The owner offered inspection opportunities to all other interested parties in September.

The acquisition will bring Bahri’s VLCC fleet up to 34 vessels, plus 10 newbuildings under construction at Hyundai Samho in South Korea.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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