Riyadh - Mubasher: National Shipping Company of Saudi Arabia (Bahri) announced on Monday that its subsidiary National Chemical Carriers (NCC) has received the fourth MR ship STI Olivia.
According to a bourse filing, the ship name was changed to (NCC Ghazal) after transferring its ownership to NCC.
Bahri expected the financial impact of the ship to take place in the second quarter of the current fiscal year.
Earlier in February, the company earlier announced that its unit signed memorandum of agreement (MoA) to purchase one VLCC (Hanjin Ras Tanura) built in 2011 at Hyundai Heavy Industries in South Korea at a purchase price of SAR 281.25 million ($75 million).
