Saudi's Bahri Signs $1 Billion Deal for Nine Oil Tankers
OIL & GAS

Saudi's Bahri Signs $1 Billion Deal for Nine Oil Tankers

Saudi Arabia's Bahri, the National Shipping Company, has entered into a significant deal worth nearly $1 billion to acquire nine new oil tankers. This expansion is part of Bahri's strategy to strengthen its position as a global leader in maritime logistics and shipping.

The contract was signed with an undisclosed shipbuilding company, marking a major step for Bahri in expanding its oil transportation capabilities. The new tankers are expected to enhance the company's ability to transport crude oil efficiently across international markets, meeting the growing global demand for energy.

Bahri's CEO stated that the acquisition aligns with the company's vision of becoming a global leader in maritime transport. The new tankers, equipped with advanced technology, will improve the company's operational efficiency and sustainability, reducing the environmental impact of its fleet.

The oil tankers are expected to be delivered in phases over the next few years, with the first expected to be operational by mid-2025. This expansion not only reinforces Bahri's fleet but also strengthens Saudi Arabia's position as a dominant player in the global oil market.

With this deal, Bahri aims to cater to the rising demand for oil transportation, particularly from the Middle East to Asia and other parts of the world, further solidifying its status as a key player in the international shipping industry.

Saudi Arabia's Bahri, the National Shipping Company, has entered into a significant deal worth nearly $1 billion to acquire nine new oil tankers. This expansion is part of Bahri's strategy to strengthen its position as a global leader in maritime logistics and shipping. The contract was signed with an undisclosed shipbuilding company, marking a major step for Bahri in expanding its oil transportation capabilities. The new tankers are expected to enhance the company's ability to transport crude oil efficiently across international markets, meeting the growing global demand for energy. Bahri's CEO stated that the acquisition aligns with the company's vision of becoming a global leader in maritime transport. The new tankers, equipped with advanced technology, will improve the company's operational efficiency and sustainability, reducing the environmental impact of its fleet. The oil tankers are expected to be delivered in phases over the next few years, with the first expected to be operational by mid-2025. This expansion not only reinforces Bahri's fleet but also strengthens Saudi Arabia's position as a dominant player in the global oil market. With this deal, Bahri aims to cater to the rising demand for oil transportation, particularly from the Middle East to Asia and other parts of the world, further solidifying its status as a key player in the international shipping industry.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?