South Korea: SHINAsb Hands Over Chemical Tanker NCC REEM

National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, owned 80% by The National Shipping Company of Saudi Arabia (BAHRI) received on Friday, 28th September 2012 in Korea a new chemical tanker named “NCC REEM” from SHINAsb (previously SLS) of South Korea, as part of nine (9) vessels previously contracted by NCC from this yard during 2006 – 2007 for a total value of approximately (SAR 1,722 Mln/approx $ 458.6 Mln).

“NCC REEM” has a DWT of 45,000 tons with (DNV) classification and full (IMO 2) notations and cargo capacity of 53,200 cubic meters comprising (22) Zink/Epoxy coated cargo tanks with (20) full segregations.

The vessel will be commercially operated by “NCC ODFJELL Chemical Tankers JLT”, located in Dubai and owned jointly by NCC and ODFJELL SE of Norway, which commenced operation in January 2010.

NCC has additional two (2) vessels under construction at SHINAsb in South Korea with deliveries expected during 2012, in addition to one large chemical tanker of 75,000 DWT, to be constructed at Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) of South Korea at the price of (SAR 247 Mln) for delivery during 2013.

NCC currently operates a fleet of 21 vessels that are specialized in transporting Chemicals, Vegoils and Clean Petroleum Products with DWT capacity of nearly 940,000 tons, which will grow to (25) vessels and 1.1 Million DWT by 2013.

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Press Release, October 1, 2012; Image: bahri