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Vela marine

Vela marine

Saudi Aramco to sell Vela marine for $1.3 billion to Saudi Bahri

The merger of the fleets would make Bahri the world's fourth largest owner of very large crude carriers, or VLCCs, and it would become the exclusive provider of VLCC crude oil shipping services to Saudi Aramco, under a long-term agreement.

June 28, 2012 11:20