Saudi Arabia’s national shipping company Bahri on 20 August announced the purchase of nine very large crude carriers (VLCCs). Bahri will pay Athens-based shipowner Capital Maritime and Trading Corporation $1bn for the ships, the funds coming from bank facilities and internal cash resources.
Bahri says the delivery of the tankers will be done in installments by the end of 1Q 2025. Currently, Bahri has 40 VLCCs in its fleet, alongside 36 chemical and oil product tankers, 11 dry bulk carriers, and six multipurpose vessels according to its website. (CONTINUED - 164 WORDS)