Saudi Arabia

Vela To Take Over Management Of Its Tanker Fleet

Saudi Aramco's tanker arm, Vela International Marine, has decided toterminate its commercial ship management agreements with outside firms and totake over management control of its fleet, according to Lloyd's List of 12October. As a first step to shift to in-house management, Vela will establish aship operating center in Dubai within three months. Northern Marine Management,the Glascow-based ship...