World

Bahri orders 3 oil supertankers in $451m IMI deal

RIYADH: Saudi shipping company Bahri has signed a SR1.69 billion ($451 million) contract with International Maritime Industries to build three very large crude carriers, expanding its fleet and supporting domestic shipbuilding. Each vessel will have a capacity of 320,000 deadweight tonnes, with deliveries scheduled in batches between 2029 and 2030, according to a Saudi Exchange filing on Oct. 25. The order comes as Bahri expands and modernizes its fleet amid strong demand for crude oil transport