Second-Hand VLCC Joins Bahri’s Fleet

  • Business & Finance

The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the first of two second-hand Very Large Crude Carriers (VLCCs) purchased in October, the Blue Topaz.

The ship was transferred to Bahri’s ownership on Thursday, 7 January 2016 and her name was changed to Wedyan.

Bahri said that the financial impact of the vessel is expected during the first quarter of 2016.

The two-vessel contract is worth a total of USD 157 million. Bahri did not disclose when the second vessel, Blue Pearl, is expected to join the company’s fleet.

The VLCC duo was built in 2010 at Daewoo Shipbuilding & Marine Engineering and is being bought from DSME’s shipowning arm DK Maritime.

World Maritime News Staff

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