KUWAIT
KOTC Opts for the Purchase of Used Tankers
The Kuwait Oil Tankers Company (KOTC), a wholly-owned subsidiary of the state owned Kuwait Petroleum Corporation (KPC), has decided to abandon its plans for ordering new tankers and instead to purchase second-hand vessels in the international market, despite the fact that KOTC has already received several bids for new buildings in response to its international tender put out last year. This was stated by the Chairman and...
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