The company, 20 per cent owned by Saudi Aramco has placed orders for ten new supertankers
Abu Dhabi: The National Shipping Company of Saudi Arabia (Bahri) is
to be the largest VLCC (very large crude carrier) operator in the world
after it acquires ten more super tankers in the coming years, a senior
executive of the company told Gulf News in Abu Dhabi on Sunday.
“We
placed orders for ten more VLCCs to be delivered in the next two years
with an investment of $1 billion. We will be the largest VLCC operator
once we have them,” said Matthew Luckhurst, line manager at Bahri
general cargo.
The company has signed a contract with Hyundai
Samho Heavy Industries last year to build the giant ships that are
capable of carrying huge amount of crude oil in a single trip.
Currently,
the company operates 36 VLCCs transporting crude from Saudi Arabia to
the rest of the world. “There is growth in the market and we are
committed to crude oil industry,” said Luckhurst without giving further
details.
Bahri is the second largest owner of VLCCs in the world and the largest owner of chemical tankers in the Middle East.
The
company owns 83 vessels including 36 VLCCs, 36 chemical, six
multipurpose vessels and five dry-bulk carriers. It is 20 per cent owned
by Saudi Aramco.
Matthews was speaking to Gulf News on the
sidelines of a press conference to announce details Breakbulk Middle
East conference that will be held in Abu Dhabi from October 23 to 26.
The
conference will bring together the region’s leading shippers, carriers,
freight forwarders, transport specialists and related service providers
to discuss current trends in the market.
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