Bahri Orders Ten Chemical Tankers from Hyundai for $410M

Friday, August 21, 2020

Saudi Arabia's national shipping company Bahri has ordered ten 49,999-dwt Medium Range (MR) chemical tankers from Hyundai Mipo Dockyard, part of South Korea's Hyundai Heavy Industries (HHI).

Bahri said the order, signed at a virtual ceremony,  was valued $410 million, meaning $41 million per vessel. The first deliveries are expected in the first quarter of 2022.

Seung-Yong Park, Chief Operating Officer and Senior Executive Vice President of HHI, said the latest order would bring the tally of various types of vessels that HHI has built for Bahri to 61.

In May 2020, Bahri took delivery of its new dry-bulk carrier ‘Sara,’ the first ship received as part of the agreement signed between Bahri Dry Bulk and Hyundai Mipo Dockyard in August 2017 to build four new dry-bulk carriers by 2020. 

Bahri currently 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.

Categories: Shipbuilding Middle East Saudi Arabia Chemical Tankers

Related Stories

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

China's First Purpose-built Offshore Wind SOVs Delivered

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Valeura Set to Restart Wassana Production Offshore Thailand

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com