VOL. XXXIX

No. 43

22-July-1996

SAUDI ARABIA

NSC And Acomarit To Set Up Ship Management Joint Venture In Dubai

The National Shipping Company (NSC) of Saudi Arabia and Acomarit of the UK have agreed to set up a joint venture in Dubai to manage part of NSC's shipping fleet. Acomarit will manage eight of NSC's roll-on roll-off vessels for six months while the partners in the joint venture finalize details of the management package. Commenting on the venture, NSC's Chief Executive, Mr....