Tankers: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

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 >>

Petsec Completes Acquisition of 29.75% in Block 7
  Yemen >>  9/30/2015 - Petsec Energy has completed the acquisition of both the Mitsui E&P Middle East (8.5%) and AWE Limited (21.25%) Participating Interests in the Block 7,...
Gms Scirocco Completed and First Contract Awarded
  United Arab Emirates >>  9/29/2015 - Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewab...

ADOC Awards Tecnicas $310m EPC Contract for Haild
  United Arab Emirates >>  9/29/2015 - Abu Dhabi Oil Company (ADOC), a Japanese company responsible for the development of the Haild field in Abu Dhabi, has awarded Tecnicas Reunidas a new ...
ADNOC to Regulate Sale of LPG Through Cards
  United Arab Emirates >>  9/29/2015 - ADNOC Distribution will begin the regulated sale of LPG cylinders through Rahal e-Gas cards according to set monthly quotas from 1 October in the emir...

Genel Acquired 36% Stake in Bina Bawi Field
  Iraq >>  9/22/2015 - Following approval from the Kurdistan Regional Government, the acquisition of OMV’s 36% operated stake in the Bina Bawi field has completed. As a resu...
Aramco and LANXESS Sign Joint Venture Agreement
Saudi Arabia >>  9/22/2015 - Saudi Aramco subsidiary, Aramco Overseas Company, and German specialty chemicals company LANXESS have signed a 50:50 joint venture agreement to create...

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 |

More News

Oil & Gas Companies in Saudi Arabia >>

Related Links

Countries Quick Links

Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed