Bahri announces receiving a new General Cargo Vessel (Bahri Jazan)

Oct 29, 2013

The National Shipping Company of Saudi Arabia (Bahri) announces that it has received on Tuesday 24/12/1434H corresponding to 29/10/2013G in South Korea a new vessel specialized in general cargo with a size of 26,000 DWT.

The ship was named (Bahri Jazan) and it was built by Hyundai MIPO in South Korea. This is the fourth vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011G for a total value of SAR 1,543 million.

The financial impact of the delivered vessel on the Companys revenue will materialize during the fourth quarter of 2013G.

Bahri has two general cargo vessels remaining under construction at Hyundai MIPO in South Korea with delivery expected to take place during the first half of 2014G.

Bahri (formerly known as NSCSA), press release