Saudi national shipping carrier Bahri has signed a $410 million deal with manufacturing giant Hyundai Mipo Dockyard (HMD) to build 10 medium-range chemical tankers.
The agreement between Bahri البحري a global leader in logistics and transportation, with HMD was inked for the construction of 10 chemical tankers on the range of 49,999-dwt (measure of how much weight a ship can carry) vessels.
With deliveries scheduled to start 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.
The agreement was signed recently at a virtual ceremony, between Mr. Abdullah Aldubaikhi, CEO of Bahri, and Seung-Yong Park, COO and Senior Executive Vice President of HHI.
“The new agreement with HMD for the building of 10 high-spec chemical tankers represents a major step forward in our next phase of growth and further strengthens our leading position in the global maritime industry. 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,” Abdullah Aldubaikhi said.
Park from HHI commented: “These 10 MR tankers will bring the tally of various types of vessels that we built for Bahri to 61. We are committed to ensuring that our long-standing partner receives high-quality and eco-friendly vessels this time as well, and sincerely hope this project further strengthens our concrete relationship with one of the most renowned shipping companies.”
Bahri owns and operates a total of 87 vessels, including 41 VLCCs, 34 chemical and product tankers, 6 multipurpose ro-ro vessels, and 6 dry-bulk carriers, in addition to four other carriers on order.
