KOTC Plans To Purchase Three New VLCCs
The Kuwait Oil Tanker Company (KOTC) has been given the green light by itsparent company, the state-owned Kuwait Petroleum Corporation (KPC) to placeorders for the building of three new supertankers of 280,000 dwt at an estimated cost of some $60mn each. KOTC will shortly begin the preparation of thespecification documents for the three vessels that will be presented to foreignshipyards for bidding. Delivery of the...
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