The past 12 months have seen the Saudi shipping company Bahri take into its fleet a number of new VLCCs. The pattern is all set to continue in 2018 with the arrival of the Kassab, the first of a series of five large tankers due for delivery this year.
The 300,000 dwt crude oil carrier, built by Hyundai Samho Heavy Industries (HSHI), takes the number of VLCCs operated by Bahri to 42, further consolidating its position as the world’s largest VLCC owner.
Eng. Abdullah Aldubaikhi, chief executive of Bahri, said: “After delivering a solid performance in 2017, we are gearing up for another year of outstanding growth. Bahri is now uniquely placed to cater for increased demand for crude in the global oil market and pursue our expansion into new markets.”
The newly received VLCC is one of five that were financed by Standard Chartered Bank, Arab National Bank, National Bank of Abu Dhabi and Bank Albilad. Kassab is expected to start commercial operations in March 2018.