| Kippreport.com

Saudi Aramco’s Vela Intl takes delivery of new VLCC

November 3, 2010 12:22 by Reuters

State oil giant Saudi Aramco said on Wednesday its shipping subsidiary Vela International Marine Ltd. had started to operate a new Very Large Crude Carrier (VLCC).

Matar Star, which is the third of four VLCCs Vela ordered from South Korea’s Daewoo Shipbuilding and Marine Engineering, entered into service on Oct. 26, Aramco said in a statement on its website.

The Dubai-based firm currently operates 20 VLCCs and five product ships, according to its website. Each VLCC can carry 2.1 million barrels of crude oil per voyage.

Vela has expanded its fleet from 4 second-hand tankers it had when it was formed in 1984.

(Reporting by Reem Shamseddine; editing by James Jukwey)

Tags: Aramco new VLCC, Matar Star, Saudi Aramco VLCC, Saudi Aramco's Vela Intl, Vela Intl new VLCC