Bahri and IMI tanker construction agreement

Overview

Saudi Arabian shipping company Bahri signed a contract worth approximately SAR 1.692 billion ($451 million) with International Maritime Industries (IMI) to construct three Very Large Crude Carriers (VLCCs).

Each vessel will have a capacity of 320,000 deadweight tonnes and will feature advanced energy-efficiency technologies. Deliveries are expected in phases between 2029 and 2030. The agreement, announced during the Saudi Maritime & Logistics Congress, is part of Bahri’s fleet modernization strategy and aims to support the localization of shipbuilding capabilities in Saudi Arabia in alignment with Vision 2030. This project brings Bahri’s total orders for vessels built within the Kingdom to nine for the year, following a previous order for six geared Ultramax dry bulk carriers.

Entities

Saudi Arabia · International Maritime Industries · Bahri · Abdullah Al-Ghamdi · Marine Insight

Timeline

1 day ago

[BUSINESS] 3 sources
IMI and Bahri sign SAR 1.692 billion contract for three VLCCs
IMI and Bahri signed a SAR 1.692 billion contract to build three energy-efficient Very Large Crude Carriers in Saudi Arabia, with deliveries scheduled for 2029–2030.
3 days ago

[BUSINESS] 3 sources
Bahri expands fleet with $451 million tanker order
Saudi shipping firm Bahri has ordered three large crude oil tankers in a $451 million deal with IMI, while its dry bulk division received the Bulk Operator of the Year award for 2026.

Sources

arabnews.jp · arabnews.pk · chrissacca.com · ien.sa · mid-east.info · voeazul.com.br