VOL. XLI

No. 27

6-July-1998

KUWAIT

KOTC Takes Delivery Of Second 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 second of two 309,000 dwtcrude oil carriers which have been built by South Korea's Hyundai Heavy Industries companyunder a $160mn contract signed in early 1997 (MEES, 6 January 1997). The new tankerhas been named Al Shaqayah. The first sister vessel - Al...