The Saudi Arabian shipping company, Bahri, has reinforced its position as one of the world’s largest owners and operators of VLCCs, with the addition of the 300,000 dwt Maharah. Built by Hyundai Heavy Industries in South Korea, the vessel is Bahri’s 38th VLCC, and its second VLCC delivery to date in 2017.
A further 8 sister vessels are on order with the same yard. Three of these will be delivered before the end of this year.
Built to the latest environmental and fuel-efficiency standards, Maharah was handed over to Bahri on June 12th at a delivery ceremony at HHI’s Mokpo shipyard. This was attended by Bahri board member, Ahmed Ali Al-Subaey, HHI presidents and CEO, M.K. Yoon, Bahri acting CEO, Ali Al-Harbi, Bahri Ship Management President, Per Pedersen, Bahri Senior Vice President, marketing, Waal Al-Sarah, and Vice President, commercial, Hisham Alnughaimish, along with other senior officials from both organisations.
Ahmed Ali Al-Subaey, said,” In current times fleet growth is critical to offsetting low spot market rates, and the timing of this delivery could not have been better.”