Middle East

Bahri’s fleet renewal continues

Doha: The National Shipping Company of Saudi Arabia (Bahri) has sold its general cargo vessel, Saudi Diriyah, for scrapping for a sum of SAR30.3m generating a net gain of SAR19.5m after deducting its book value and all expenses associated with the sale.

The company had previously announced the signing of six shipbuilding contracts to replace the older fleet in this sector.
This is the second ship to be sold by the firm this year – another two are on the chopping block.  [25/03/13]

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