Bahri Takes Delivery of General Cargo Vessel (Bahri Abha)

05/02/2013 Tadawul

The National Shipping Company of Saudi Arabia (Bahri) announces that it has received Tuesday, 24/3/1434H corresponding to 5/2/2013G in South Korea, a new vessel specialized in general cargo with a size of 26,000 DWT.

The ship was named Bahri Abha and it was built by Hyundai MIPO in South Korea. This is the first vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011 for a total value of SAR 1,543 million.

The financial impact of the delivered vessel on the Companys revenue will materialize during the first quarter of 2013G. 

Bhari has five general cargo vessels remaining under construction at Hyundai MIPO in South Korea with delivery expected to take place during 2013 and the first half of 2014. 

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