VOL. XLII

No. 03

18-January-1999

SAUDI ARABIA

Saudi/Mobil Joint Venture Take Delivery Of VLCC

SAMOCO, a joint venture company owned 50/50 by the Saudi Maritime Holding Company and Mobil Shipping and Transportation Company (MOSAT), took delivery on 14 January of a new double-hull very large crude carrier (VLCC). The vessel was constructed by Sumitomo Heavy Industries at its Yokosuka Shipyard, where it was handed over. Company officials described the vessel, named the Osprey, as a state-of-the-art...