Making its debut at Posidonia last week was the new International Maritime Industries (IMI) $5.2bn mega-yard at Ras Al Khair on the Gulf coast of Saudi Arabia, 70% jointly owned by Saudi Aramco (50.1%) and its most important tonnage provider Bahri...
Saudi Arabian shipowner Bahri has completed its current very large crude carrier (VLCC) fleet expansion with the delivery of 10th newbuilding from Hyundai Samho Heavy Industries (HSHI).
Bahrain shipyard ASRY (Arab Shipbuilding and Repair Yard) has inked a fleet agreement with Bahri, which should see more of the Saudi owners vessels docking at its facilities.
The sheer scale of the new joint venture shipyard complex now under construction in Ras Al Khair on Saudi Arabia’s Gulf coast was revealed to Seatrade Maritime News this week during interviews in Dammam.
The joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries to build a $5.2bn mega-yard in Saudi Arabia has been officially launched.