Latest Tanker Operator news

Newbuilding tanker orders increase
(July  9  2010)

Several newbuilding tanker orders were reported recently covering most size sectors.

For example, parcel tanker operators Odfjell and NCC have each ordered an LR1 from Daewoo.

The vessels will be IMO II 75,000 dwt chemical tankers with 31 coated tanks. They are scheduled for delivery during the first half 2013 and later the same year and will cost about $65 mill each.

National Chemical Carriers of Saudi Arabia (NCC) and Odfjell are joint venture partners. The vessels will be commercially operated by NCC Odfjell Chemical Tankers (NOCT), based in Dubai.

Both Odfjell and NCC have options for one more vessel each.

NCC is a subsidiary of The National Shipping Company of Saudi Arabia (NSCSA).

NCC said in a statement that this contract falls within the company’s strategic plans to strengthen its competitive position and increase its fleet capacity to meet the demand for transport of chemicals worldwide with emphasis on the growing production and export from the Middle East Gulf region.

The contract will also serve the expansion in Saudi exports for liquid chemicals with SABIC.

NCC currently owns a fleet of 13 vessels specialising in transporting chemicals, vegoils and clean petroleum products (CPP) totalling nearly 600,000 dwt

In addition, NCC has 14 vessels on order in South Korea with deliveries over the next three years, which will bring total fleet size to nearly 30 vessels of 1.3 mill dwt.

Other newbuilding contracts included four VLCCs for Dynacom at New Century, two Suezmaxes for Frontline at Jiangsu Rongsheng, four Suezmaxes for AET at Samsung, three Suezmaxes for NS Lemos at Samsung, two LR2s at Daewoo for Kuwait Oil Tanker and four LR1s for Tanker Pacific at STX, according to market reports.

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