The new vessel marks the last of the 10 VLCCs added to Bahri’s fleet as part of its agreement with South Korea-based Hyundai Samho Heavy Industries
Celebrating the addition of its 46th Very Large Crude-oil Carrier (VLCC), Bahri has welcomed ‘Amad,’ from South Korea-based Hyundai Samho Heavy Industries (HSHI), bringing the total number of VLCCs in Bahri’s fleet to 46 and vessels to 93.
“Saudi Arabia is on the cusp of a number of major economic developments and milestones like the delivery of our 46th VLCC, ‘Amad,’ further strengthening our focus on playing an integral role in achieving the Kingdom’s Vision 2030 objectives. A strong fleet of VLCCs allows us to further penetrate and capture the lion’s share of the market through strategic expansions in key geographies, which will, in turn, provide a significant boost to the Kingdom’s ongoing efforts to establish itself as a unique regional logistics gateway to three continents,” said Eng. Abdullah Al-Dubaikhi, CEO of Bahri.
The new vessel, which will be operated on a time-charter/spot basis, marks the completion of the industry leader’s three-year agreement signed with HSHI in May 2015, to build five VLCCs and five more optional VLCCs, to fuel Bahri’s long-term expansion strategy.
With the capacity to transport 2.2 million barrels of crude oil, the 300,000-DWT carrier’s stands at 333 meters long with a beam of 60 meters, and a depth (from keel to main deck) of 30 meters. The speed of Amad is 14.4 knots.
‘Amad’ joins the four vessels Bahri received from HSHI earlier this year, namely, ‘Kassab,’ ‘Lawhah,’ ‘Qamran,’ and ‘Khurais,’ following the five vessels the company received in 2017, including ‘Amjad,’ ‘Maharah,’ ‘Aslaf,’ ‘Rimthan,’ and ‘Shaden.’ (Source: Bahri).