Bahri announces that it has received On Monday 22 January 2018 G a new VLCC that was named (Kassab).
The newly received VLCC is one of the 5 VLCCs that were financed by Standard Chartered Bank, Arab National Bank, National Bank of Abu Dhabi and Bank Albilad according to Bahri announcement at Tadawul on 30 November 2016.
The commercial operation of Kassab is expected to be in March 2018. The financial impact of the new VLCC is expected to be in the first quarter of 2018.
The 300,000 dwt tanker was built by South Korea’s Hyundai Samho Heavy Industries. The vessel is 330-meter-long and 60-meter-wide, it is one of five VLCCs that were ordered from the shipbuilder in 2016.