OPEC Transportation By Numbers
Table 1: Saudi state tanker firm Vela has downsized radically in the past four years, according to the latest OPEC Annual Statistical Bulletin (ASB). Vela slashed the number of its tankers by over half since 2008, amid an overall rise, albeit a modest one, in OPEC tanker capacity.
Last year, Vela announced it would merge with the National Shipping Company of Saudi Arabia (Bahri) in a $1.3bn deal, which would see the new Bahri...