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2014 August 12   15:15

One of the VLCCs in Vela fleet was transferred to Bahri's ownership

The National Shipping Company of Saudi Arabia (Bahri) announces that (Almizan Star), one of the VLCCs in Vela fleet, was transferred to Bahri's ownership on Monday 11 August 2014 and her name was changed to (Khuzama), the company said in its press release. The remaining Vela vessels shall be transferred to Bahri on a staggered basis according to an agreed upon vessel delivery schedule with Vela and is expected to be completed before the end of 2014. The financial impact is expected during the third quarter of 2014.

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