NSCSA to double tanker fleet
The National Shipping Co. of Saudi Arabia said it will invest SR5.0 billion ($1.3 billion) from next year doubling its oil and chemical product tanker fleet as part of a five-year development plan.
NSCSA owns nine double-hulled very large crude carriers with a capacity of 2.1 million barrels each. It also owns 14 petrochemical carriers and has 10 more on order.