The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Qamran” on Wednesday, the company said in a statement to Tadawul.

 

The vessel is one of five VLCCs financed by Standard Chartered Bank, Arab National Bank, National Bank of Abu Dhabi (now First Abu Dhabi Bank), and Bank Albilad, under a $350 million (SAR 1.31 billion) syndicated Murabaha facility signed in November 2016.

 

Last month, Bahri received VLCC Kassab, also financed under the same deal.

 

Commercial operations of Qamran will begin in March, while the financial impact of the new VLCC will be reflected on Q1 2018 results, the statement added.

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0012,025.0012,050.0012,075.0012,100.0012,125.00
Close : 12097.75 | Jan 9, 15:20
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website