Monday 15 October 2018
 
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Hyundai Mipo Dockyard

Bahri gets $96m funding for 4 new bulk carriers

Bahri Dry Bulk, a business unit of global logistics leader Bahri, has secured a Sharia-compliant funding of SR360 million ($96 million) from Saudi Arabia-based Bank Albilad to finance the purchase of four new bulk carriers. The mo

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Bahri gets $96m funding for 4 new bulk carriers

Bahri Dry Bulk, a business unit of global logistics leader Bahri, has secured a Sharia-compliant funding of SR360 million ($96 million) from Saudi Arabia-based Bank Albilad to finance the purchase of four new bulk carriers. The mo

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Saudi Shipping firm to ink $400m Hyundai deal

The National Shipping Company of Saudi Arabia (NSCSA) will sign on Sunday deals worth 1.54 billion riyals ($400 million) with South Korea's Hyundai Mipo Dockyard to build four vessels. The agreement includes an option to get an additio

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GEM takes delivery of first Panamax

Gulf Energy Maritime (GEM), one of the Middle East's largest commercial product tanker operator, said it has taken delivery of the first-ever Panamax vessel built by Korean shipbuilding giant, Hyundai Mipo Dockyard (HMD). The 75,000 dw

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GEM region's top chemical transportation firm

Gulf Energy Maritime (GEM) said the delivery of the $56 million Gulf Baynunah makes it the region's top chemical transportation company. GEM's current fleet has reached 11 With the addition of Gulf Baynunah, which received its name

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