Bahri and Bihar International, Saudi Arabia’s two largest tanker companies, have become the first major operators to sell large vessels for demolition in 2020.
Bahri has sold the 300,000-dwt Safaniyah (built 1997) to undisclosed shipbreakers for a reported $393 per ldt, which equates to $18.9m.
The Safaniyah is the first VLCC sent for recycling in over six months. Scrap industry sources suggest it will be going to Alang.
