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...
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