Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) announced that it signed today a Memorandum of Agreement (MoA) to purchase one VLCC (Hanjin Ras Tanura) built in 2011 at Hyundai Heavy Industries in South Korea at a purchase price of SAR 281.25 million ($75 million).
The vessel will be delivered to Bahri in March 2016.
The financial impact of the purchased vessel is to be reflected during the second quarter of 2016, the company added.
