VOL. XLIV

No 33

13-August-2001

SAUDIARABIA

NSCSABuys Four Korean-Built Crude Tankers In $330Mn Deal

TheNational Shipping Company of Saudi Arabia (NSCSA) announced at the end of Julythat it had ordered four new double-hull VLCC crude oil tankers, each with acapacity of 302,700dwt (equivalent to 2.165mn barrels), at a total cost ofSR1,238mn ($330mn) from Hellespont Shipping Corporation of Greece. The tankersare being built by South Korea痴 Samsung Heavy Industries, with the firstscheduled for...