VOL. XXXVII

NO.4

25-OCTOBER-1993

Saudi Arabia

Vela Takes Delivery Of New VLCC Tanker

Vela International Marine, Saudi Aramco's tanker arm, last week took deliveryof the first of 15 VLCC/ULCC new buildings which are on order at Japanese, SouthKorean and Danish shipyards. The new 290,000 dwt tanker, Libra Star, which cancarry 2.16mn barrels of crude, was built by Mitsubishi Heavy Industries ofJapan. Mitsubishi is building two other tankers for Vela - Phoenix Star andAl-Bali Star - which are...