NCC receives new chemical tanker “NCC NOOR”

Mar 16, 2011

The National Shipping Company of Saudi Arabia (NSCSA) will sign 4 shipbuilding contracts + 2 additional optional contracts on Sunday, the 06th March, 2011 with Hyundai MIPO of South Korea.

The National Chemical Carriers Ltd. Co. (NCC), (80% owned by The National Shipping Company of Saudi Arabia) announces that the company received on Wednesday, 16th March 2011 in Korea a new chemical tanker named “NCC NOOR” from SLS Shipbuilding Co. Ltd. of South Korea, as part of two vessels previously purchased by NCC from SLS on 21/12/2010 for a total price of approximately (SAR 322 Millions) for the two tankers.

This vessel 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 its long term strategic partner ODFJELL SE of Norway, which commenced operation in January 2010.

The delivery of the 2nd vessel is expected during April 2011.

NCC has additional nine vessels under construction at SLS in South Korea costing (SAR 1,721 Millions) with deliveries expected during 2011/12, 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 (SAR 247 Millions) for delivery during 2013.

NCC currently operates a fleet of 13 vessels that are specialized in transporting Chemicals, Vegoils and Clean Petroleum Products with DWT capacity of nearly 575,000 tons, which will grow to (25) vessels and 1.1 Millions DWT by 2013.

The National Shipping Company of Saudi Arabia (NSCSA), press release