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09 March 2016 Subsequent to The National Shipping Company of Saudi Arabia (Bahri) announcement on 25 February 2016 that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed a Memorandum of Agreement (MoA) to purchase five (5) second hand MRs ships; Bahri announce the first MR ship STI Lexington was delivered and ownership was transferred to NCC on Tuesday, 8 March 2016 and the ship name was changed to (NCC Wafa). The financial impact of this ship is expected during the second quarter of 2016. The National Shipping Company of Saudi Arabia (Bahri) announces that The National Chemical Carriers (subsidiary 80% owned by Bahri) purchased five (5) Chemical Tankers 25 February 2016 The National Shipping Company of Saudi Arabia (Bahri) announces that The National Chemical Carriers (subsidiary 80% owned by Bahri) signed on Wednesday 24th February 2016 MoA to purchase five (5) second hand MRs ships built in 2014 at Hyundai Mipo Dockyard in South Korea from Scorpio Tankers Inc. at a total Purchase Price of One Hundred Sixty Six million and Five Hundred Thousand Dollars (US$166,500,000). The five (5) ships will be delivered to NCC between 1st February and 30th June 2016. The financial implication of these 5 MRs is expected during the 2nd and 3rd quarters of 2016. Bahri (formerly known as NSCSA), press release 
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