Bahri inking deal for up to 10 VLCCs with Hyundai Heavy

Bahri inking deal for up to 10 VLCCs with Hyundai Heavy

Seoul: Bahri, Saudi Arabia’s tanker giant, is lining up an order for up an order for up to 10 tankers worth just shy of $1bn. Reuters reports that board members of Bahri’s parent, Saudi Aramco, visited Hyundai Heavy Industries in Ulsan yesterday to discuss the order.

Bahri has tendered for a five plus five VLCC order for delivery in 2017. The VLCCs Bahri are after are 320,000 dwt in size. Once the order is confirmed it will take the global backlog of VLCCs to more than 100.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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