Bahri Buys 5 Tankers for $166 Mln

The National Shipping Company of Saudi Arabia (Bahri) announces that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed on Wednesday 24th February 2016 MoA to purchase five (5) second hand MRs ships built in 2014 at Hyundai Mipo Dockyard in South Korea from Scorpio Tankers Inc. at a total Purchase Price of One Hundred Sixty Six million and Five Hundred Thousand Dollars (US$166,500,000).

The five (5) ships will be delivered to NCC between 1st February and 30th June 2016. The financial implication of