NO. 34


Saudi Arabia

NSC Reports Record Profits

Saudi Arabia's National Shipping Company (NSC) in 1990 reported a record netprofit of SR80mn ($21.3mn), up 17.6% from SR68mn ($18.1mn) in 1989, according tothe company's Chairman of the Board, Dr. Muhammad ibn `Abd al-Rahman al- Tawil.NSC first returned a profit of SR12mn in 1987. At the end of 1990, the companyhad a fleet of 21 carriers with a total capacity of 569,000 tons. It alsoincreased the number of its containers by 60%...