Already the world’s largest owner and operator of Very Large Crude Carriers (VLCCs), the Saudi Arabian operator Bahri has further expanded its fleet with the addition of Aslaf, a 300,000dwt tanker built by Hyundai Heavy Industries (HHI) in South Korea.Bahri took delivery of the new vessel at HHI’s Mokpo shipyard in July, taking the number of VLCCs in its fleet to 39, while increasing its total fleet size to 86.
Aslaf is the third VLCC to join the Bahri fleet this year, following the delivery of Amjad in February and Maharah in June
Bahri has also announced its first half year results, which highlight difficult trading conditions in the tanker markets especially. Net profits for the first six months of 2017 were 51.6% lower than the equivalent period of 2016. The company attributes the decline to weaker spot market rates and higher bunker fuel costs.