SAUDI ARABIA

NSC to Take Delivery of Petrochemical Tanker Soon 

The National Shipping Company (NSC) of Saudi Arabia will take delivery of its first petrochemical tanker on 12 March, according to the company's Managing Director Mr. 'Abd al-'Aziz al-Turki. The 43,000 dwt vessel "Oqba ibn Nafie" was built by South Korea's Daewoo Shipbuilding and Heavy Industries at a cost of $2022mn, and will be leased to the National Methanol Company (ibn Sina) for seven years...