The National Shipping Company of Saudi Arabia (Bahri) has confirmed it has signed a memorandum of agreement (MoA) to buy a VLCC from Hanjin Shipping for $75m. Brokers reported the sale late last week.
Hanjin Ras Tanura (318,000 dwt, built 2011) will be delivered to Bahri in March, the company said.
Bahri has bought four secondhand VLCCs and ordered 10 new ones over the past 12 months.
Last week, Bahri also bought five MR product tankers from Scorpio Tankers for $166.5m en bloc.