SAUDI ARABIA

NSC to Take Delivery of Petrochemical Carrier this Month

The National Shipping Company (NSC) of Saudi Arabia is scheduled to take delivery of its first petrochemical carrier on 20 August, according to the company's Managing Director, Mr. 'Abd al-'Aziz al-Turki. The 42,500 dwt vessel "Oqba ibn Nafie" was built by South Korea's Daewoo Shipbuilding and Heavy Industries at a cost of $25mn, and will be leased to the National Methanol Company (ibn Sina) for...