Bahri Chemicals, part of the Riyadh-based Bahri shipping and transportation group, has entered into a long-term time charter agreement with Dubai-headquartered United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 medium range (MR) chemical tankers will join Bahri Chemicals’ fleet from April 2021 onward, bringing the total number of vessels of the type that it operates to 31.
Eng. Abdullah Aldubaikhi, CEO of Bahri, commented: “The addition of the vessels further underscores that we are well on track to achieve our fleet expansion plans and is closely tied to our ongoing newbuilding program. The UACC vessels are known to us, as we managed them in the past, and as sister ships with the same specifications and high standards as our chemical fleet, they will strengthen our capabilities to offer premium services to a wide range of clients worldwide.”
Bahri Chemicals has a series of ten further IMO2 MR tankers under construction at Hyundai Mipo Dockyard in South Korea with delivery scheduled for 2022. The company currently owns a fleet of 23 chemical tankers, as well as five product tankers providing maritime transportation for the chemicals, clean petroleum products and vegetable oils industries.