Hyundai to build five tankers for Saudi shipping group Bahri
5/26/2015
The National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builder Hyundai Heavy Industries.
The deal includes the option for five more vessels, according to a Reuters report.
Hyundai will build the tankers, each of which will have a capacity of 300,000 deadweight tonnage, and deliver them to Bahri in 2017.
The financial details of the deal were not disclosed.
Bahri became the sole provider of very large crude carrier crude oil shipping services to Saudi Aramco after it bought the marine unit of the oil giant in a deal that was first announced in 2012 and completed last year.
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