VOL. XXXII

NO. 39

3-JULY-1989

GCC

Gulf Tanker Fleet Mooted

A number of petrochemical producers from Saudi Arabia, Kuwait, the UAE, Qatarand Bahrain, are considering setting up their own shipping fleet because of theexcessive freight rates charged by foreign companies. At a recent meeting inRiyadh between producers from the Gulf Cooperation Council (GCC) states andshipping companies in the area, a decision was taken to carry out a feasibilitystudy on a regional fleet and on the possibility of...