Bahri Dry Bulk, a business unit of Bahri, which is a global leader in transportation and logistics, has signed on Friday, 3 Dhu Al-Hijjah 1438 (25 August 2017) an agreement valued at USD 120 million, to purchase four bulk carriers from Hyundai Mipo Dockyard, a member of Hyundai Heavy Industries (HHI) Group, which owns one of the largest state-of-the-art shipyards in the world, the company said in its press release.
The agreement was signed in Dubai, UAE, in the presence of Mr. Ali Al-Harbi, Acting CEO of Bahri, Mr. Nezar Banabeela, President, Bahri Dry Bulk, Mr. Sam. H. Ka, President & COO, Hyundai Heavy Industries (HHI) Group, in addition to other executives from both the companies.
With construction commencing immediately, each vessel will be built to the highest environmental, fuel-efficiency and safety standards, with a capacity to carry up to 80,000 metric tons per voyage, and will be delivered during the year 2020.