The Riyadh-based Public Transport Authority (PTA) has raised the Saudi flag on Shaden, a VLCC owned and operated by Bahri. At a ceremony held on Thursday, November 23rd, at the Port of Ras Tanura, in the presence of senior officials from both PTA and Bahri, the new vessel joined the country’s national maritime fleet and became Bahri’s fifth VLCC to raise the Kingdom’s flag in 2017.
Built by Hyundai Samho Heavy Industries (HSHI), the 300,000dwt Shaden takes the total number of VLCCs owned and operated by Bahri to 41. As a result the Saudi-based shipping company is now the world’s largest owner and operator of tankers of this type.
H.E. Dr. Rumaih Mohammed Al-Rumaih, President of the Public Transport Authority, said, “Shaden, along with other VLCCs in the national fleet, will contribute to increasing the volume of bilateral maritime trade between the Kingdom and other global economies. In addition it will have a positive impact on the continued growth of the maritime transport sector in the Kingdom and the region.” Further expansion of the Saudi-flagged VLCC fleet is expected over the next 18 months, as Bahri has five more vessels planned for delivery by early 2019.