VOL. XXXIII

NO. 2

16-OCTOBER-1989

Kuwait

KOTC Negotiates Deals to Modernize Tanker Fleet

The Chairman of the Board of Directors of the Kuwait Oil Tankers Company (KOTC),Mr. 'Abd al-Fattah al-Badr, revealed to the Kuwait daily al-Qabas on 9 Octoberthat the company has started negotiations with a number of shipbuilding firmswith a view to modernizing its tanker fleet. Mr. Badr was quoted as saying thatthe company is planning to sell 11 of its used vessels and to order newbuildings for which bids...