Middle East Economic Survey
KOTC Announces $142Mn Shipbuilding Contract With Koreas Daewoo
Kuwait Oil Tanker Company (KOTC) announced that it will award a $142mn contract for the construction of two Aframax tankers to Koreas Daewoo Shipbuilding and Marine Engineering, KUNA news agency reported on 28 June. The two 110,000 dwt tankers will be used to transport petroleum products. They will be delivered in 2012. KOTC Chairman and Managing Director Nabil Bouresli...