NO. 35 


Saudi Arabia 

NCC Finalizes Acquisition of Norwegian Chemical Carriers 

The National Chemical Carriers (NCC), which was established last month by the National Shipping Company (NSC) of Saudi Arabia (80%) and the Saudi Basic Industries Corporation - SABIC (20%) with a capitalization of SR200mn, on 30 May signed an agreement with the Storli group of Norway to finalize the acquisition of nine chemical carriers for SR808mn ($215mn). The...