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Bahri Dry Bulk Co. inks contracts with HHI to build 4 bulk carriers
The National Shipping Company of Saudi Arabia (Bahri) announces that its subsidiary Bahri Dry Bulk Company, owned 60% by Bahri (BDB) signed contracts with Hyundai Heavy Industries to build 4 bulk carriers. These carriers will be delivered during the first half of 2020. The financial impact of these contracts will appear after the delivery of the vessels.
These vessels are designed to the latest international technical specifications and are fitted with environmentally-friendly specifications and high efficiency in fuel consumption, with a capacity of 80,000 metric tons / per carrier. The signing of these contracts is for expanding the fleet to meet the needs of the local and global markets.
The total price of these contracts is one hundred twenty million dollars (US$120,000,000)
The Company will announce the financing details at a later time.