Vela Takes Delivery Of First Of Four New VLCCs
Vela International Marine Ltd,Saudi Aramcos shipping subsidiary, on 24 Septembertook delivery of a 317,000dwt VLCC, Leo Star, thefirst of four such vessels being built by Koreas HyundaiHeavy Industries (HHI). The Leo Star will be owned by Vela subsidiary BrightStar Shipping Company. HHI is to hand over the last of the four VLCCs by June 2003. During 2001, Vela delivered more than1.9mn b/d of crude nearly...