GULF SHIPPING

Soviet Chartered Tankers Start Lifting from Kuwait; Re-registration of Kuwaiti Tankers under US Flag Expected Shortly

The three Soviet product tankers chartered by the Kuwait Tankers Oil Company (KOTC) in April have now begun operations and loaded their first shipments from Kuwait earlier this month. Meanwhile, formalities for the transfer of 11 Kuwaiti tankers to US registration are expected to be completed very shortly. These are understood to include three VLCC crude oil...