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4 August 2012

National Chemical Carriers Receives New Chemical Tanker NCC Najem

National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of The National Shipping Company of Saudi Arabia (BAHRI) announced that it had received on Friday, 3rd August 2012 in Korea a new chemical tanker named "NCC Najem" from SHINAsb (previously SLS) of South Korea, as part of Nine (9) vessels previously contracted by NCC from this yard during2006 - 2007 for a total value of approximately (SAR1,722m).
"NCC Najem" has a DWT of 45,000 tons with (DNV) classification and full (IMO 2) notations and cargo capacity of 53,200 cubic meters comprising (22) Zink/Epoxy coated cargo tanks with (20) full segregations.

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 additional Three (3) vessels under construction at SHINAsb in South Korea for a value of (SAR585m) 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 the price of (SAR247m) for delivery during 2013.

NCC currently operates a fleet of 20 vessels that are specialized in transporting Chemicals, Vegoils and Clean Petroleum Products with DWT capacity of nearly 900,000 tons, which will grow to (25) vessels and 1.1 millions DWT by 2013.