VOL. XXXVI

NO. 10

7-DECEMBER-1992

KUWAIT

KOTC Takes Delivery of Fourth Korean Built VLCC

The Kuwait Oil Tanker Company (KOTC) - a subsidiary of the state-owned KuwaitPetroleum Corporation (KPC) - has taken delivery of the last of four tankersbuilt in South Korean yards (two by Daewoo and two by Hyundai) under contractsconcluded in the first half of 1990 prior to the Iraqi invasion of Kuwait. Thenew vessel - the 280,000 dwt tanker named Al-Shuhada (the martyrs) - waslaunched at an official ceremony...