Bahri Fleet Continues to Grow With the Addition of 45th VLCC
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.
Established in 1978, Bahri is one of the world’s foremost transportation and logistics companies, playing a leading role in the transformation and growth of the global transportation industry through innovation and delivering value-added onshore and offshore services. As a global leader in the transportation and logistics industry, Bahri has six business units that include Oil, Chemicals, Logistics, Dry Bulk, Ship Management, and Data.
Bahri is the largest owner and operator of Very Large Crude Carriers (VLCCs) in the world, and the largest owner of chemical tankers in the Middle East. Presently, the company owns and operates 86 vessels, including 39 VLCCs, 36 chemical/product tankers, 6 multipurpose vessels, and 5 dry-bulk carriers with an additional 7 VLCCs on order.
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