Saudi Arabian shipping company, Bahri, remains on course to becoming the world’s largest owner and operator of VLCCs. The company has recently taken delivery of Amjad, a 300,000 dwt VLCC built by Hyundai Heavy Industries (HHI) in South Korea. This is the 37th VLCC in its fleet and its 84th vessel in total.
Ibrahim Al-Omar, Bahri chief executive, said, “The addition of Amjad to our fleet is a milestone achievement, as it not only cements our position as a global leader in oil transportation but also marks the beginning of our journey to becoming the world’s largest owner and operator of VLCCs. This increase in the fleet will provide us with added operational flexibility, facilitate business expansion and help us capitalise on the continued demand for crude oil.”
Bahri and HHI have shared a close relationship for over a decade, with 25 vessels ordered and delivered to date and nine more VLCCs currently on order. This relationship was further accentuated with the joint agreement between Bahri and HHI, signed also with Saudi Aramco and Lamprell Energy, to build a new shipyard within the King Salman Global Maritime Industries Complex in Saudi Arabia. This yard will provide engineering, manufacturing and repair services for offshore rigs, commercial vessels and offshore service vessels and is expected to be fully operational by the end of 2022.