Awtad Vessel Reviews and Specifications

In a significant move within the maritime industry, the National Shipping Company of Saudi Arabia, known as Bahri, has announced the signing of a memorandum of agreement (MoA) to purchase a Very Large Crude Carrier (VLCC) from Hanjin Shipping for a total of $75 million. This transaction, which was reported by brokers last week, involves the Hanjin Ras Tanura, a vessel with a deadweight tonnage of 318,000 dwt, built in 2011. Bahri has indicated that the delivery of the VLCC is scheduled for March, marking another strategic addition to its fleet.

In a significant development within the maritime industry, Koch Oil has successfully secured a new charter agreement, setting the daily rate at $17,000. This deal marks another strategic move in Koch Oil’s operational expansion, as the company continues to enhance its shipping capabilities. The terms of the charter are expected to bolster the efficiency of their logistics, ensuring timely delivery of operations in the competitive oil sector. This announcement underlines the ongoing demand for chartered vessels in the oil and gas markets, reflecting robust market dynamics.