Saudi Arabia: $451 Million Contract Signed to Build 3 Giant Oil Tankers - Sarmad
A contract worth $451 million was signed for the construction and delivery of three giant crude oil tankers during 2029 and 2030.
Translated by Qiyas from سرمد — Original source
Saudi National Maritime Transport Company announced the signing of a contract with Global Marine Industries to build and deliver three super tanker oil vessels worth $451 million.
In a statement published on the “X” platform today, Sunday, the company said the contract was signed last Thursday on the sidelines of the Saudi Maritime and Logistics Conference, and includes the construction of three super crude oil tankers, each with a deadweight tonnage of 320,000 tons.
It added that Global Marine Industries will deliver the tankers in installments during 2029 and 2030, with the contract period ending upon delivery of the final tanker.
According to the company, the contract raises the total number of tankers under construction in the Kingdom for Saudi National Maritime Transport Company to nine, including six bulk cargo carriers and three super crude oil tankers.
It confirmed that the contract’s financing will be provided through a mix of the company’s internal cash sources and bank facilities.
