VOL. XLI

No. 20

18-May-1998

KUWAIT

KOTC Takes Delivery Of New ULCC From Hyundai Shipyard

The Kuwait Oil Tanker Company - the oil transportation subsidiary of the state-ownedKuwait Petroleum Corporation (KPC) - has taken delivery of the first of two 309,000 dwtcrude oil tankers built by South Korea's Hyundai Heavy Industries Company under a $160mncontract signed in early 1997 (MEES, 6 January 1997). The new tanker has been namedAl Salhiyah. The second sister vessel - to be named Al Shaqayah - is...