The National Shipping Company of Saudi Arabia (Bahri) has received a new general cargo vessel of 26,000 deadweight tons in South Korea.
The ship, named the Bahri Tabuk, was built by Hyundai Mipo in South Korea. It is the third vessel delivered from a series of six vessels that were ordered by Bahri from this shipyard in 2011 for a total of 1.5 billion Saudi riyals (about US$411.4 million).
The new vessels are specialized in carrying general and project cargo and several other types of roll-on, roll-off cargo. They are equipped with heavy lift cranes with a capacity of 240 tons, and although they have more cargo lifting capabilities, they are smaller than the ships in Bahri’s current fleet, resulting in lower fuel consumption.
Bahri has three general cargo vessels remaining under construction at Hyundai Mipo, with delivery expected to take place during the rest of 2013 and the first half of 2014. The financial impact of the delivery of the Bahri Tabuk will materialize during the third quarter of 2013.