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Regions :: Middle East :: Saudi Arabia

Saudi Arabia’s NCC Forms Tanker JV with Odfjell

12:59 PM MDT | June 26, 2009

National Chemical Carriers (NCC; Riyadh) has agreed to form a 50-50 joint venture with Odfjell (Bergen, Norway) that will operate the largest chemical tankers in the partners’ respective fleets. NCC and Odfjell will pool their tankers with an individual tonnage of 40,000 dwt m.t. and above to create the jv, which will be based in Dubai. The new company will start operating early next year with 15 vessels and a total dwt capacity of 660,000 m.t. The fleet will grow to 31 vessels with a combined dwt capacity of almost 1.4 million m.t. during the next three...

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