Bihar International has followed through with its long-mooted plans to order new product tankers.
The Dubai-based shipping arm of Saudi Arabia’s AK Albakri & Sons (Bakri Group) has commissioned New Times Shipbuilding of China to construct a series of vessels worth around $340m in total.
Shipbuilding players said Bihar has signed up for two firm 110,000-dwt LR2 tankers for delivery in the second half of 2021.
