Bahri takes ownership of a fourth crude carrier from Vela Int’l

14/08/2014 Argaam

The National Shipping Company (Bahri) said today it took ownership of a fourth very large crude carrier (VLCC) owned by Aramco’s Vela International, a step further towards its planned merger with Vela.
 

Bahri’s general assembly agreed in June to merge its fleets and operations with Aramco’s Vela International, whereby Bahri becomes Aramco’s exclusive oil shipping manager.


The remaining fleet will be handed over to Bahri before year end, and a financial impact is expected in the third quarter, a filing on Tadawul said.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.