Saudi state oil shipper Vela on spot chartering spree

摘要

Singapore—Saudi Arabia’s latest pledge toensure adequate supply of oil to world mar-kets appears to be backed up by a nearlythree-month spate of spot chartering by stateshipper Vela.Trade and shipping sources say Vela, thechartering arm of Saudi Aramco, has beenfixing vessels to haul crude from the PersianGulf to the US Gulf Coast since the beginningof this year.