Saudi Owners Receive New Chemical Tanker

National Chemical Carriers receive new chemical tanker 'NCC Najeem' from the SHINAsb Shipyard in S. Korea.

National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of The National Shipping Company of Saudi Arabia (BAHRI) announce it has received in Korea a new chemical tanker named "NCC Najem" from SHINAsb (previously SLS) of South Korea, as part of nine vessels previously contracted by NCC from this yard during 2006 - 2007.

The vessel will be commercially operated by "NCC ODFJELL Chemical Tankers JLT", located in Dubai and owned jointly by NCC and ODFJELL SE of Norway, which commenced operation in January 2010.

NCC has an additional three vessels under construction at SHINAsb in South Korea for a value of SAR 585-million with deliveries expected during 2012, 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 a price of SAR 247-million for delivery during 2013.

NCC currently operates a fleet of 20 vessels specialized in transporting chemicals, vegoils and clean petroleum products with a DWT capacity of nearly 900,000 tons, which will grow to total twenty-five vessels and 1.1 million DWT by 2013.