South Korea: SHINAsb Shipyard Hands Over Chemical Tanker NCC SHAMS

The National Shipping Company of Saudi Arabia Bahri, its 80% owned subsidiary company The National Chemical Carriers Ltd. Co. (NCC), received on Tuesday, 29th May 2012 in Korea a new chemical tanker named NCC SHAMS 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 (USD 459.1 Mln).

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

NCC has additional Four (4) 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 approximately (SAR 247 Millions) for delivery during 2013.

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Shipbuilding Tribune Staff, May 29, 2012; Image: nscsa