Newbuilds will be received in 2022, lifting maritime leader’s fleet of multi-purpose vessels to 101
Bahri recently signed a new agreement with Hyundai Mipo Dockyard, a member of Hyundai Heavy Industries (HHI) Group, which owns one of the largest state-of-the-art shipyards in the world, to build ten 49,999-dwt Medium Range (MR) chemical tankers.
Valued at US$ 410mn (SAR 1.537bn), the agreement was signed recently at a virtual ceremony, between Abdullah Aldubaikhi, CEO, Bahri, and Seung-Yong Park, COO and Senior Executive Vice President, HHI, in the virtual presence of key executives from both the companies.
Scheduled to start being delivered during the first quarter of 2022, the 10 chemical tankers will be built to the highest environmental, fuel-efficiency, and safety standards in line with the company’s commitment to operating responsibly.
“With the newbuilds entering our fleet over the next two years, we will be further equipped to cater to the varying needs of our customers around the world,” affirmed Aldubaikhi.
“This project further strengthens our concrete relationship with one of the most renowned shipping companies,” asserted Park.
In addition to the three other bulk carriers that are under construction, the company is also expecting a new VLCC, which is currently being built by International Maritime Industries (IMI) and will be delivered by October 2021, lifting Bahri’s fleet of multi-purpose vessels to 101.
