Bahri Takes Delivery of VLCC from Hyundai Heavy Industries

Image courtesy Bahri

By The Maritime Executive 2017-07-20 21:34:03

On Wednesday, Saudi shipping firm Bahri took delivery of the 300,000 dwt tanker Aslaf, the latest addition to its growing fleet of 86 vessels. 

Aslaf was built by Hyundai Heavy Industries' Mokpo yard in South Korea. Its delivery marks another milestone for Bahri, which is one of the largest owners and operators of VLCCs in the world. 

“This marks yet another milestone for Bahri and reinforces our preeminent position in the global oil transportation industry,” said Ali Al-Harbi, Acting CEO of Bahri. “‘’ASLAF’ is the third VLCC to join the Bahri fleet this year following the delivery of ‘AMJAD’ in February and ‘MAHARAH’ in June. This addition is part of Bahri’s plan to continue to improve its operational excellence and commercial flexibility and maintain its status as a first-class owner and operator ensuring maximum customer satisfaction.”

Bahri and HHI officials at the delivery of the Maharah, June 12, 2017 (Bahri)

Marking the delivery of the Maharah in June, Al-Harbi said that Bahri and Hyundai Heavy Industries have had a close relationship for over a decade. M.K. Yoon, HHI's president and CEO, says that Bahri has placed orders for over 30 vessels with HHI over that period (including vessels already delivered). 

The partnership extends beyond vessel orders. In May, Bahri, Hyundai Heavy Industries and Lamprell signed a joint venture agreement for the construction of the largest maritime yard in the Middle East region. The new facility will have the capacity to manufacture four offshore rigs, over 40 vessels including three VLCCs and service over 260 maritime products annually.