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 Jul 05, 2010
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 NSCSA thru its Subsidiary NCC Signs Contract for Specialized Chemical Tanker  NSCSA
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The National Shipping Company of Saudi Arabia (NSCSA) thru its subsidiary National Chemical Carriers Ltd. Co. (NCC), signed a contract on 4th July 2010 with Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) of South Korea to build a specialized chemical tanker for total price of approximately (SAR 245 Millions).
The vessel will be the largest of its kind, to be built to the latest technology this industry has in Engineering, equipment and design.
The vessel will be classed by (DNV) with full (IMO 2) notations and 75,000 DWT with cargo capacity of 86,000 cubic meters comprising (31) fully segregated coated cargo tanks.
Delivery expected during 2013 and NCC has the option for a second vessel to be declared at a later date.
The vessel will be commercially operated with another sister ship by “NCC ODFJELL Chemical Tankers JLT”, located in Dubai and owned jointly by NCC and its long term strategic partner ODFJELL SE of Norway. Odfjell had also contracted similar ship with DSME for delivery during 2013, in addition to option for a second vessel.
This contract falls within NCC’s strategic plans to strengthen its competitive position and increase its fleet capacity to meet the demand for transport of chemicals world-wide with emphasis on the growing production and export from the Arabian Gulf Region.
The contract will also serve the expansion in Saudi Exports for liquid chemicals with SABIC representing the backbone of such industries as being one of the largest international companies in the production and export of liquid chemicals.
NCC currently owns a fleet of 13 vessels that are specialized in transporting Chemicals, Vegoils and Clean Petroleum Products (CPP) with DWT capacity of nearly 600,000 tons.
In addition, NCC has 14 vessels on order in Korea with deliveries over the next three years, which will bring total fleet size to nearly (30) vessels and 1.3 Millions total DWT.
Riyadh 5th July 2010
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