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Oil report

Saudi Aramco's Vela Intl takes delivery of new VLCC

KHOBAR, Saudi Arabia, Nov 3 (Reuters) - State oil giant Saudi Aramco [SDABO.UL] 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 042660.KS, 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)

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