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South Korea’s Hyundai Mipo Dockyardon 13 October signed a SR 250 million ($67 million) contract with the local National Chemical Carriers (NCC) to build two carriers, scheduled for delivery in 2006. Each carrier will be 183 metres long, 32.2 metres wide and have capacity of 46,200 dwt. A similar agreement involving two vessels, part of NCC’s expansion programme, was announced in July, with the carriers due in 2005 (MEED 18:7:03). The orders will take NCC’s fleet to 16 vessels. The new vessels will be used primarily for exporting the products of Saudi Basic Industries Corporation (Sabic), which owns a 20 per cent stake in NCC. The remainder is held by National Shipping Company of Saudi Arabia.