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Bahri orders 10 chemical tankers for $410m from HMDBahri orders 10 chemical tankers for $410m from HMD

Bahri has inked a $410m agreement with Hyundai Mipo Dockyard (HMD) for 10 chemical tanker newbuildings.

Marcus Hand, Editor

August 21, 2020

1 Min Read
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Photo: Pixabay

The Saudi shipowner has ordered ten 49,999 dwt MR chemical tankers from HMD, part of the Hyundai Heavy Industries (HHI) group.

The tankers are scheduled for delivery from the first quarter of 2022 and the order is valued at $410m in total.

The agreement was signed recently at a virtual ceremony, between Abdullah Aldubaikhi, ceo of Bahri, and Seung-Yong Park, coo and senior executive vice president of HHI.

“The new agreement with HMD for the building of 10 high-spec chemical tankers represents a major step forward in our next phase of growth and further strengthens our leading position in the global maritime industry. With the newbuilds entering our fleet over the next two years, we will be further equipped to cater to the varying needs of our customers around the world,” Abdullah Aldubaikhi said.

Park from HHI commented: “These 10 MR tankers will bring the tally of various types of vessels that we built for Bahri to 61. We are committed to ensuring that our long-standing partner receives high-quality and eco-friendly vessels this time as well, and sincerely hope this project further strengthens our concrete relationship with one of the most renowned shipping companies.”

Bahri owns and operates a total of 87 vessels, including 41 VLCCs, 34 chemical and product tankers, 6 multipurpose ro-ro vessels, and 6 dry-bulk carriers, in addition to four other carriers on order.

Related:Bahri donates $2.67m to Saudi fight against COVID-19

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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