in reuters.com: The National Shipping Company of Saudi Arabia (Bahri) (4030.SE), opens new tab has signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for approximately 3.75 billion Saudi riyal ($999 million), the company announced on Tuesday. The purchase is part of a modernisation drive and will enable the company to start phasing out older vessels, Bahri said in a statement issued via Saudi Arabias stock exchange.
