KUWAIT

 

Kuwaiti Tanker Fleet Set For Nine-Vessel Expansion In 2014-15

State-owned Kuwait Oil Tanker Company (KOTC) is expecting the delivery of nine new tankers from South Korean firms by mid-2015 as part of a $1.75bn fleet expansion announced earlier this year, the company’s newly appointed chairman said on 1 August. This comes on the back of a year in which the company was operating at 95.8% of capacity – a rate he believes will continue to...