{"id":88616,"date":"2025-09-02T00:00:00","date_gmt":"2025-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/02\/bahri-added-nine-new-vlccs-to-its-fleet\/"},"modified":"2025-09-02T00:00:00","modified_gmt":"2025-09-02T00:00:00","slug":"bahri-added-nine-new-vlccs-to-its-fleet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/02\/bahri-added-nine-new-vlccs-to-its-fleet\/","title":{"rendered":"Bahri added nine new VLCCs to its fleet"},"content":{"rendered":"

Bahri\u2019s VLCC fleet hits 50 ships<\/strong>:<\/strong> National Shipping Company of Saudi Arabia (Bahri) added nine very large crude carriers (VLCCs) earmarked at USD 1 bn \u2014 bringing its total operational fleet to 50 of the advanced vessel model, according to a statement<\/a>. The deliveries came one year<\/a> after Bahri signed a SAR 3.75 bn (c. USD 1 bn) agreement with global shipping outfit Capital Maritime and Trading Corporation to procure nine VLCCs. <\/p>\n

About the vessels:<\/strong> Each vessel has an average capacity of 310k dwt, increasing the company\u2019s total fleet handling capacity to 15.5 mn dwt. The vessels are scrubber-fitted and equipped with tech ensuring higher energy efficiency and lower emissions. <\/p>\n

The funding:<\/strong> The company secured a SAR 2.8 bn (USD 756 mn) Murabaha financing agreement with Alinma Bank to back the acquisition last October<\/a>. The 10-year facility \u2014 backed by mortgaging VLCCs \u2014 covered about 70% of the acquisition costs for nine new VLCCs. <\/p>\n

The wider picture:<\/strong> The acquisition brings Bahri\u2019s total fleet to 104 vessels, made up of 33 chemical and product tankers, eight multipurpose vessels, and 13 dry bulk carriers \u2014 in addition to the 50 VLCC carriers, according to its website<\/a>. <\/p>\n

The Saudi shipping giant is also venturing into LNG cargo<\/strong>, with plans announced last year to build a fleet of 20-30 new LNG tankers \u2014 also capable of moving green hydrogen and ammonia. The bid to move LNG cargo comes as Aramco \u2014 one of Bahri\u2019s owners \u2014 ramps up<\/a> its natural gas production and trade operations amid growing global demand for the fuel. <\/p>\n

REMEMBER- <\/strong>The vessels \u2014 reportedly built in South Korean shipyards \u2014 were scheduled for delivery in batches before the close of 1Q 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"

Each vessel has an average capacity of 310k dwt, increasing the company\u2019s total fleet handling capacity to 15.5 mn dwt<\/p>\n","protected":false},"author":1,"featured_media":88617,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[190],"tags":[198,31,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping-maritime","tag-bahri","tag-saudi-arabia","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"7b552aac-dded-4bae-8acb-1f2609a0bd09","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/855.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bahri added nine new VLCCs to its fleet","related_issue":[88611],"teaser":"Each vessel has an average capacity of 310k dwt, increasing the company\u2019s total fleet handling capacity to 15.5 mn dwt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.c81a6af8-252d-4603-b75b-31df35272366.mp3"},"yoast_head":"\nBahri added nine new VLCCs to its fleet - 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