Saudi Bahri-owned NCC receives new chemical tanker

18 December 2013 16:46  [Source: ICIS news]

KARACHI (ICIS)--National Chemical Carriers Ltd. Co. (NCC), an affiliate of the National Shipping Company of Saudi Arabia (Bahri) said on Wednesday that it has received a 75,000-deadweight tonne (DWT) chemical tanker built by Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) in South Korea.

The new chemical tanker, named “NCC FAJR”, was contracted with DSME in 2010 for the value of Saudi riyals (SR) 247m ($65.9m).

“This vessel is the first of its kind due to its large size with DWT of 75,000 and very high quality standard of specification,” Bahri said in a statement to Saudi bourse Tadawul.

NCC now operates a fleet of 24 vessels specialized in transporting chemicals, vegetable oils and petroleum products and with DWT capacity of more than 1.1m tonnes.

The financial impact of the delivered tanker on the company revenue will appear from the first quarter of 2014, the statement said.

($1 = SR3.75)

By: Aamir Ashraf

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