NO. 38


Saudi Arabia

NSC Shops for Five VLCCs

Saudi Arabia's National Shipping Company (NSC) has reportedly invitedshipbuilding companies from Japan, South Korea and western countries toparticipate in tenders for the construction of five VLCCs with a capacity of280,000 dwt each. NSC's plans to expand its fleet were unveiled last fall, whenthe company announced that it was considering the purchase of seven tankers -five 280,000 dwt crude carriers and two product carriers - at...