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Bahri extends MoU with Aramco, Sembcorp

Bahri extends MoU with Aramco, Sembcorp
BAHRI
4030
0.78% 31.16 0.24
The National Shipping Company of Saudi Arabia (Bahri) said the memorandum of understanding (MoU) signed with Saudi Aramco and Sembcorp Marine Ltd. was extended to be valid until October 29, 2015.
The accord will be effective until the study is completed and an investment decision on this project is taken, Bahri added.
The MoU is to prepare a feasibility assessment to develop a world class maritime yard in Saudi Arabia.