Bahri, Saudi Arabia’s leading shipping line, is accelerating fleet renewal efforts by actively buying and selling vessels. Brokers report that the shipping giant has tabled $101m for two 2021-built, 50,000 dwt sister ships—Maritime Inspiration and Maritime Verity—from Singapore-based IMC Shipping. CSSC Guangzhou Longxue Shipbuilding built both ships. In another deal, Bahri reportedly added a six-year-old ultramax bulk carrier, the 63,000 dwt AMIS Miracle, built by Oshima Shipbuilding in Japan in 2018. This vessel was acquired from Taiwanese owner Wisdom Marine for just under $34m. On the selling front, Bahri is letting go of the 2002-built, 303,000 dwt VLCC Safwa for just under $31m, marking the first reported VLCC sale of the month. Earlier this summer, the company sold another sister VLCC, Marjan, for a slightly higher price. In August, Bahri made headlines with a significant $1bn investment to acquire nine VLCCs from Evangelos Marinakis-led Capital Maritime. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsSaudi Arabia