VOL. XXXVIIINO. 105-DECEMBER-1994

Kuwait

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...