Gulf Oil and Gas accountACCOUNT

Bahri Approves Buying 2 Vlccs for $155 Mln

Source: Reuters 12/24/2015, Location: Middle East

The board of National Shipping Company of Saudi Arabia (Bahri) has approved the purchase of two second-hand very large crude carriers (VLCCs) for $155 million, it said in a bourse statement.

Bahri will take delivery of the carriers between Jan. 14, 2016 and Feb. 1, 2016, the statement said, adding the financial impact of the ships would appear in its first quarter of 2016 earnings.

The ships were purchased from Alpha and Beta VLCC LLC, a subsidiary of Tanker Investment Ltd, the statement added.

Bahri became the sole provider of VLCC oil shipping services to Saudi Aramco after it purchased the marine unit of the oil giant in a deal first announced in 2012 and completed last year.

Vessels, Tanks >>

Vessels, Tanks News in Saudi Arabia >>

Saudi Arabia >>  7/7/2020 - Air Products, in conjunction with ACWA Power and NEOM, announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia...
Oman >>  7/5/2020 - Tethys Oil is pleased to announce that the Government of the Sultanate of Oman and Tethys Oil has entered into an Exploration and Production Sharing A...

United Arab Emirates >>  6/23/2020 - The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into an agreement with some of the world’s leading infrastructure investors a...
Bahrain >>  6/16/2020 - Petrofac’s Engineering & Production Services division (EPS) has been awarded a multi-million dollar engineering, procurement, construction, and commis...

Related Categories: Barrels & Containers  Dish Ends  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Pressure Vessels  Plastic Tanks  Steel Plates  Vessels Internals 

Related Articles: Barrels & Containers  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Tanks  Steel Plates  Vessels Internals 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.