Gulf Oil and Gas accountACCOUNT

NSCSA Subsidiary Purchase Two Petrochemical Tankers

Source: www.gulfoilandgas.com 12/21/2010, Location: Middle East

Share |
The National Shipping Company of Saudi Arabia (NSCSA) announces that the Board of Directors of The National Chemical Carriers Ltd. Co. (NCC) (one of its affiliates) agreed in their meeting held on Tuesday 21st December, 2010 to sign a contract with SLS Shipbuilding Company of South Korea to purchase (2) Petrochemical tankers for a total price of approximately SAR (322.5) millions with expected delivery during the 1st half of 2011.

The company previously signed a contract with SLS to construct these (2) vessels for a total cost of SAR (367.5) million, but due to delay in the agreed delivery dates, this contract was cancelled on 19th May, 2010.

The company achieved an estimated overall savings of SAR (45) millions in the procurement of these vessels and has received all financial premiums paid plus other related costs.

NCC also has contracts with SLS Shipbuilding of Korea to build (9) tankers that are expected to be received during the next two years.

Tankers News in Saudi Arabia >>

Saudi Arabia >>  5/28/2016 - In March, oil demand in Saudi Arabia reversed the previous month’s trend, increasing y-o-y by a strong 0.3 mb/d, or around 17%. Most of this growth is...
Kuwait >>  5/26/2016 - Amec Foster Wheeler has been awarded a front end engineering design (FEED) contract by Kuwait Oil Company (KOC) to upgrade its Oil Gathering Centre GC...

Yemen >>  5/25/2016 - The Middle East’s oil supply declined by 70 tb/d y-o-y to average 1.27 mb/d in 2015, with the biggest decline coming from Yemen. Syrian and Yemeni pro...
United Arab Emirates >>  5/16/2016 - In line with Abu Dhabi Vision 2030, which is aimed at creating an effective shift in the Emirate’s economy and to achieve greater integration with the...

Kuwait >>  5/11/2016 - Wavefront Technology Solutions Inc. is a technology provider offering fluid delivery processes to oil and gas producers that are widely effective meth...
Iraq >>  5/9/2016 - Wood Group has secured two new, three year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of ...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.