Hyundai Samho Heavy Industries (HSHI) wins contract for five very large crude carriers
The National Shipping Company of Saudi Arabia (Bahri) has signed a deal with South Koreas Hyundai Samho Heavy Industries (HSHI) for five very large crude carriers (VLCCs) in a deal rumoured to be worth $1bn.
Talks have been taking place for several months regarding the deal, which could eventually also include an order for a further five vessels.
Bahri has said that it plans to add as many as 29 new vessels to its fleet in the coming years, which could bring its total fleet up to as many as 60 carriers.
You might also like...
UAE suspends operations at Habshan gas complex
20 March 2026
Dubai seeks consultants to develop drainage strategy
18 March 2026
Oman awards power purchase agreements
18 March 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
