VOL. XLIV
No 44
29-October-2001
SAUDIARABIA
NSCSATakes Delivery Of Sixth VLCC, Three More On Order
TheNational Shipping Company of Saudi Arabia (NSCSA) announced on 23 October thatit had taken delivery earlier in the month of the first of four new double-hullvery large crude carriers (VLCCs) that it had ordered from Koreas SamsungHeavy Industries at a cost of SR1.23bn ($330mn). The new vessel (Harad) hasbeen leased to Vela International Marine, a subsidiary of Saudi Aramco, for 5.5years at a rate...
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