VOL. XLIII

No. 34

21-August-2000

SAUDI ARABIA

Hyundai Wins Order For Four VLCCs For Saudi Aramco’s Vela

Saudi Aramco’s sea transportation subsidiary, Vela International Marine, has awarded a contract to South Korea’s Hyundai Heavy Industries Company to build four very large crude carriers (VLCCs), the Saudi Press Agency (SPA) reported on 16 August. The 300,000dwt tankers, to be delivered between 2002 and 2003, will each be able to transport 2mn barrels of crude oil and...