VOL. XXXIV
NO. 25
25-MARCH-1991
Saudi Arabia
Saudi Arabia Considers Purchase of Six ULCC Tankers
Saudi Arabia's oil tanker company Vela is reportedly considering placingorders for up to six new-built ULCC tankers, and has begun talks withinternational shipbuilding yards in this connection. Orders of this magnitudecould involve a cost of around $850mn.
Vela is also reported to be close to finalizing a $680mn deal for theconstruction of six 280,000 dwt crude carriers with high-grade specifications...
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