The National Shipping Co of Saudi Arabia (NSCSA) has said that two tankers it recently ordered at SLS Shipbuilding were in fact its own previously axed newbuildings.

The Riyadh-based owner is bagging a saving of some $12m on resigning for the chemical tanker pair after repeated delivery delays put paid to the previous order.



NSCSA wrote last week in an announcement to the Saudi bourse that it had picked up a pair of resales at beleaguered yard SLS for SAR 322.5m