Each of the two new carriers will be 183 metres long, 32.2 metres wide and have capacity of 64,200 dwt. Delivery, scheduled for 2005/06, will take NCC's fleet to 18 vessels with total capacity of 630,000 dwt.
The expansion of the NCC fleet will primarily serve the export requirements of Saudi Basic Industries Corporation (Sabic), which has a 20 per cent stake in the company.
At the same time as the Hyundai contract was signed, NCC agreed a new chartering arrangement with Sabic for four of the new vessels.
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.