NO. 29



KOTC Chairman Predicts World Tanker Shortage within Next Two Years

The Chairman of the Board and Managing Director of the Kuwait Oil TankersCompany (KOTC), Mr. 'Abd al-Fattah al-Badr, has predicted in an interview withthe Kuwait daily al-Watan of 15 April that the "world will face a tankershortage within the next two years similar to the one that occurred in the1970's," and that as a result freight rates will rise to levels which arethree to four times more...