CHEVRON SHIPPING ACCENTS MIDSIZE TANKERS

Chevron Shipping Co. expects soon to take delivery of the second crude oil tanker in a construction series focused on midsize vessels. The series took shape early in 1989, when Chevron let contract to Ishikawajima-Harima Heavy Industries Company Ltd. (IHI) of Japan for construction of four 150,000 dwt tankers at a cost of about $42 million each. By the time the John Young, first of the 150s or million barrel tankers, was delivered last summer, its value had increased to about $60 million,

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