NO. 24


Saudi Arabia

NSC and SABIC Acquire Nine Chemical Carriers

National Chemical Carriers (NCC), arecently-established arm of the National Shipping Company (NSC) of Saudi Arabia,has bought nine chemical carriers from the Storli group of Norway for $215mn.Storli has made a profit of $19.5mn from the sale of these carriers, which itpurchased in January 1990. According to industry sources, the Saudi Basic Industries Corporation (SABIC), which produces a variety of...