One of many carriers of the Saudi Nationwide Delivery Firm – Bahri
The corporate introduced Saudi Nationwide Maritime Transport – Bahriintroduced the renewal of the long-term sea transportation contract with S-Oil Firm, one of many largest refining firms in South Korea, positioned within the capital, Seoul.
The corporate mentioned in a press launch that the brand new contract extends for 10 years, below which it can transport crude oil shipments through big oil tankers from the Arabian Gulf and the Pink Sea to the port of Unsan in South Korea.
She defined that the versatile contract construction supplies secure and predictable income flows, whereas defending a big portion of the large tanker fleet from the cyclical fluctuations of delivery markets, noting that below the renewed contract, it can transport a minimum of about 70 million barrels of crude oil yearly.
The corporate indicated that renewing the contract is certainly one of its most distinguished strategic agreements, and represents a long-term dedication that permits it to profit from the operational capabilities of the oil tanker fleet.
It’s noteworthy that the present fleet of Bahri Firm reaches 50 big crude oil tankers.
