The company ordered two 110,000 dwt and two more 50,000 dwt units. The deals include two options each.
Bahri places debut VLCC order with International Maritime Industries.
The parties signed five separate agreements to reinforce their relationship and expand international operations.
The company already secured long-term contracts with oil majors for all three 300,000 dwt ships.
Qatar’s orders would have minimal impact on short-term charter rates, but could drive newbuilding prices up.
Qatar’s major LNG ship construction program could see over a 100 new LNG carriers built over the next decade.
Tristar Group placed an order for six oil and chemical tankers at Hyundai Mipo Dockyard.
Nakilat established a new joint venture with Maran Ventures, expanding its fleet to 74 vessels.
N-KOM completes its first FSRU project for the 138,000 cbm FSRU Excelerate.
Take a look at last week’s most popular articles.
Al-Kaabi, Qatar Petroleum CEO, confirmed Qatar’s intentions to order up to 60 LNG carriers.
A total of 744 large ocean-going commercial vessels were sold to the scrap yards in 2018.
Qatar plans to order 60 liquefied natural gas carriers.
Oman Shipping Company is set on growing its fleet further.
