Saudi Arabia
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Asia
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…
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Middle East
Bakri’s latest buy takes its S&P spend past $50m this year
Jeddah headquartered Bakri Navigation Company continues to be hungry for more tonnage. Brokers report that the Arab outfit has purchased…
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Americas
McDermott awarded lump sum contract by Saudi Aramco
Houston-headquartered McDermott International announced on Thursday that it has been awarded a large lump sum contract with Saudi Aramco for…
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Americas
McDermott International reveals LTA with Saudi Aramco
Houston: US oil services firm McDermott International announced on Tuesday that it had signed a new long-term agreement (LTA) with…
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Middle East
Bahri ties up deal with Saudi Electricity Company
Doha: The National Shipping Company of Saudi Arabia (Bahri) and Saudi Electricity Company (SEC) have signed a Memorandum of Understanding…
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Middle East
Bahri in for 5 plus 5 VLCCs
Dubai: Saudi Arabian tanker giant Bahri announced over the weekend that it has concluded a deal with South Korea’s Hyundai…
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Finance and Insurance
Bahri lines up $1bn sukuk deal
Dubai: Tanker giant National Shipping Company of Saudi Arabia (Bahri) is lining up a first sukuk issue worth up to…
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Middle East
NCC snaps up Mipo pair
Dubai: The National Shipping Company of Saudi Arabia (Bahri) has announced that its subsidiary National Company for Chemicals Shipping (NCC)…
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Asia
Caramin Petroeum, Makamin Offshore and Petro Allied in three-way hook-up
Kuala Lumpur: Malaysian oil and gas engineering specialist, Caramin Petroleum, has announced that subsidiary Caramin Engineering Services has entered into…
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Middle East
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…
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Americas
KBR signs six-year offshore management deal with Saudi Aramco
New York: US engineering firm KBR announced on Monday it has signed a six-year deal to provide project management services for…
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Middle East
Saudi fleet shrinks
Jeddah: The Saudi Arabian merchant fleet has shrunk by one fifth in recent years, and by 10% in the last…
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Finance and Insurance
Bahri moves to raise $1bn
Dubai: Saudi Arabian tanker giant Bahri is selling ten-year sukuk worth RYLS3.9bn ($1.04bn) this month to repay debts. Bahri, which…
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Middle East
New Yanbu refinery will boost product tanker trade, shipbroker says
London: Both clean and dirty tankers are set to benefit from the boost in refined products exports from the new…
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Middle East
Jeddah port criticised for “careless” unloading
Jeddah: Importers in Saudi Arabia have criticised the Jeddah Port Authority for damaging goods during vessel unloading, as well as…
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