Bahri secures financing for VLCC spree

The National Shipping Company of Saudi Arabia (Bahri) has signed a RYL700m ($186.7m) loan to help pay for 80% of three VLCCs it has ordered in South Korea.

The loan, from Alinma Bank, would run for ten years.

Bahri has a total of 10 VLCCs on order at the moment.