Dubai: Kuwait Oil Tanker Co (KOTC) has laid out its expansion plans, although has refrained from giving financial figures for the likely outlay. Bader Al-Khashti, KOTC’s managing director and chairman, said that come 2015/2016 the shipping firm is looking to add five more MR product tankers and three VLGCs.
The cost of fleet expansion will depend on shipbuilding market prices at that time, Al-Khashti said. [25/04/13]
