Saudi Aramco’s shipping arm Bahri has confirmed a $410m order for 10 chemical tanker newbuildings at Hyundai Mipo Dockyard (HMD) in South Korea.

The contract, which was inked this week and announced late on Thursday, will see the South Korean shipbuilder start deliveries of the the ten 50,000-dwt, medium-range tankers from the first quarter of 2022. It does not include any options.