Saudi Deal for Tankers

It has been reported that a $301.3m contract for six tankers for National Chemical Carriers (NCC) has been signed in Riyadh. NCC board chairman Faisal Saud Al Saleh signed the contract with Su Eun Yoo, chairman of Shina Shipbuilding of Korea, for building six chemical tankers of 45,000 dwt. The new ships will be delivered in 2009-2010, according to Arab News. Source: Trade Arabia