Bahri Receives New General Cargo Ship

Press Release
Tuesday, April 30, 2013

The National Shipping Company of Saudi Arabia (Bahri) receive the 'Bahri Hofuf' from the South Korean shipyard Hyundai Mipo.

The new 26,000 dwt general cargo ship is the second vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011 for a total value of SAR 1,543 million.

Bahri has four general cargo vessels remaining under construction at Hyundai MIPO in South Korea with delivery expected to take place during 2013 and the first half of 2014.

Bahri say that the financial impact of the delivered vessel, Bahri Hofuf, on their revenue will materialize during the second quarter of 2013G.



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