Bahri Fleet Continues to Grow With the Addition of 45th VLCC

Press release
Published April 11th, 2018 - 05:38 GMT
The new addition brings the total number of the vessels in Bahri’s fleet to 92 and is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries.
The new addition brings the total number of the vessels in Bahri’s fleet to 92 and is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries.

Bahri, a global leader in logistics and transportation, today accepted the delivery of ‘Khurais,’ a Very Large Crude-oil Carrier (VLCC), further enhancing its market-leading capabilities in crude oil transportation. The new addition brings the total number of the vessels in Bahri’s fleet to 92 and is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company.

‘Khurais’ was delivered at a ceremony held at HSHI’s Mokpo shipyard in South Jeolla Province, South Korea, on 10 April 2018. Capable of transporting two million barrels of crude oil, the 300,000-DWT carrier is the ninth of 10 VLCCs ordered from the South Korean shipbuilding company as part of Bahri’s strategic long-term maritime growth and expansion plan.

“This latest addition to Bahri’s fleet of VLCCs consolidates our standing as a global leader in the crude oil transportation industry and gives us a greater competitive edge. We will leverage the resulting improvements in efficiency to cater for the steadily increasing demand for crude oil transportation and bring added value to our clients and stakeholders,” said Eng. Abdullah Aldubaikhi, CEO of Bahri.

“The addition of the new vessel further enhances our capabilities and underlines our commitment to objectives of the Saudi Vision 2030. We are proud to play a key role in maintaining the Kingdom’s pre-eminent position as a key strategic regional hub and logistics gateway across three continents,” he added.

‘Khurais’ joins the three vessels received earlier this year, named ‘Kassab,’ ‘Lawhah,’ and ‘Qamran,’ in further strengthening Bahri’s position as the world’s biggest owner and operator of VLCCs.

Background Information

Bahri

Bahri is one of the world’s foremost transportation and logistics companies. Established as the national shipping carrier of Saudi Arabia, Bahri has played a leading role in the transformation and growth of the global shipping industry through an unrelenting focus on innovation and a commitment to delivering technology-driven, value-added onshore and offshore services.

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