NewzSaudi shipping company Bahri has entered into a contract valued at 1.69 billion Saudi riyals ($451 million) with International Maritime Industries to construct three very large crude carriers. Each of the new vessels will possess a capacity of 320,000 deadweight tonnes. Deliveries of the tankers are scheduled to occur in batches.
This agreement serves to expand Bahri’s existing fleet while simultaneously supporting the development of the domestic shipbuilding sector in Saudi Arabia.
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