Saudi National Shipping Co boosts VLCC fleet

Reuters: The State-run National Shipping Company of Saudi Arabia is looking to buy more Very Large Crude Carriers (VLCCs) to add to its existing fleet of 17 tankers, a company executive said.

“We have a five year growth strategy and would like to add more VLCCs,” said Saleh A. Al-Shamekh, President of Oil and Gas for the company, at a shipping conference on Wednesday.