SAUDI ARABIA

SADAF to Take Delivery of Petrochemical Carrier Next June 

Al-Farabi - the 42,500-dwt petrochemical carrier which is currently under construction at a cost of $27mn by Daewoo Shibuilding and Heavy Machinery Company of South Korea - is to be delivered to the Saudi Petrochemical Company (SADAF) in June, according to SADAF's Vice President, Mr. Muhammad al-Madi. SADAF, a 50/50 joint venture between the Saudi Basic Industries Company (SABIC) and the US Shell affiliate...