VOL. XXXVIIINO. 105-DECEMBER-1994
KOTC Sells Tanker To Pakistani Breakers
The Kuwait Oil Tanker Company (KOTC) announced on 30 November that it hadsold one of its old tankers the 339,106 dwt Bubiyan to a Pakistani breaker for asum of $7.6mn. The tanker, built in 1974, was purchased by KOTC in 1989 from A.B. Moller for $30mn. With the scrapping of this VLCC, KOTC's fleet at presenttotals 36 vessels with a capacity of over 3,806,261 dwt, comprising six crudecarriers with a capacity of...