Bahri inks deal for quartet ships from 2020

Bahri Dry Bulk Company, a majority-owned subsidiary of the National Shipping Company of Saudi Arabia (Bahri), has penned contracts with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of four bulk carriers.

Bahri confirmed that the total pay cheque for the four new buildings is $120 million USD ($30 million per ship).

Despite the payment, the shipping company haven’t announced further details of how the contracts will be financed. They are due to be revealed at a later date.

The delivery of the bulkers are set to be delivered during the beginning of 2020 located from Hyundai Mipo Dockyard.

The company said: "The financial impact of these contracts will appear after the delivery of the vessels."

The owner has stated the ships will be designed to the latest international technical specifications, fitted with environmentally-friendly specifications and high efficiency in fuel consumption with a capacity of 80,000 metric tons per carrier.

The order comes as Bahri embarks upon fleet expansion aimed at meeting the needs of the local and global markets.

The contracts for Hyundai have been secured at an important moment as the shipbuilder faces insufficient workload and is asking around 5,000 of its working force to take leave of absence.

Share with

Industry Specific Guidance and Logistics Advice

Chemicals

The chemical goods industry has experienced significant changes over recent years with a much larger emphasis being placed on logistics compliance and regulation. Tudor provide businesses with specialist chemical logistics advice and guidance.

Oil and Gas

We have been providing logistics services to the oil and gas industry for many years. Our specialist team have worked on many projects across the world and understand the demands of this sector more than most.

Exhibitions and Events

When fast reactions and quick solutions are required, you can count on Tudor International Freight to provide a dedicated team and exceptional service to help make your event a resounding success.

Aerospace

Tudor International Freight provide a wide range of supply chain solutions to the aerospace sector. Our staff are familiar with industry terms and jargon – we understand and speak your language.

Manufacturing

Tudor International Freight manage the supply chain movements of many large international manufacturing companies. Our team appreciate the complex issues and unique logistical challenges facing this sector.