Saudi receives 4th oil tanker from Hyundai

Automotive company Hyundai has delivered a fourth oil tanker to the National Shipping Company of Saudi Arabia (Bahri) as part of a deal which will see the South Korean giant provide five to the oil rich nation.

The carrier is one of five oil tankers financed by Standard Chartered Bank, Arab National Bank, National Bank of Abu Dhabi and Bank Al Bilad.

The company’s fleet reached 91 vessels, including 44 large oil tankers, 36 tankers of petroleum chemicals and products, six mixed-use tankers and five cargo carriers.

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