Riyadh-headquartered Bahri, has signed a Memorandum of Understanding (MoU) with International Maritime Industries (IMI) and Hyundai Heavy Industries (HHI) to build a series of new VLCCs. As part of the agreement, Bahri is committed to issuing IMI its first order before the end of July 2019. Following the placing of the order, IMI will engage HHI as a sub-contractor to build the vessel in South Korea. HHI, in turn, will help facilitate the transfer of knowledge enabling IMI to independently...
https://www.themaritimestandard.com/bahri-signs-newbuilding-mou/