The National Shipping Company of Saudi Arabia announced its 80%-owned subsidiary The National Chemical Carriers Ltd. Co. (NCC) took delivery the 45,000dwt chemical tanker NCC AMAL from South Korean SHINAsb (previously SLS), the shipping company said. The tanker is part of 9 vessels previously contracted by NCC from the shipyard during 2006 - 2007 for a total value of approximately SAR 1,721m.
The financial impact of the delivered tanker on the company revenue will appear starting third quarter of the current financial year.
NCC has additional 8 vessels under construction at SHINAsb in South Korea for a value of SAR 1,538 m with deliveries expected during 2011/12, 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 247m for delivery during 2013.
The financial impact of the delivered tanker on the company revenue will appear starting third quarter of the current financial year.
NCC has additional 8 vessels under construction at SHINAsb in South Korea for a value of SAR 1,538 m with deliveries expected during 2011/12, 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 247m for delivery during 2013.