Bahri has placed an order for four bulkers at Hyundai Mipo Dockyard, in a deal that will see the Saudi company almost double its dry fleet.
The diversified owner will pay $120m for the vessels through its subsidiary Bahri Dry Bulk.
With a bigger multipurpose fleet, Bahri aims to support the growing domestic demand for grains import.
It currently owns four bulk carriers and six multipurpose vessels.
