South Korea: SHINAsb Hands Over New Chemical Tanker NCC NAJEM to NCC

The National Shipping Company of Saudi Arabia (BAHRI), its 80% owned subsidiary company The National Chemical Carriers Ltd. Co. (NCC), received on Friday 3rd August 2012, in Korea a new chemical tanker named NCC NAJEM with DWT of 45,000 tons from SHINAsb Shipyard (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).

The financial impact of the delivered tanker on the company revenue will appear starting from the delivery date.

NCC has additional Three (3) vessels under construction at SHINAsb in South Korea for a value of (SAR 585 Mln) 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 approximately (SAR 247 Mln) for delivery during 2013.

[mappress]

Shipbuilding Tribune Staff, August 6, 2012; Image: bahri