NO. 17


Kuwait's KOTC In Market For Large-Scale Program Of Tanker NewBuildings

Convinced of an impending long-term upward trend in freight rates, the KuwaitOil Tanker Company (KOTC) is now in the market for a large-scale program oftanker new buildings covering crude, products, LPG and ethylene carriers,according to KOTC Chairman 'Abd al-Fattah al-Badr.

Mr. al-Badr told MEES in an interview that KOTC is looking for new buildingsfor the following vessel categories:

- Four...