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KOTC readies tanker ordering spree

KOTC readies tanker ordering spree

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Kuwait Oil Tanker Company (KOTC) is readying a series of orders with the devaluation of the yen giving Japanese yards hope of snaring some contracts away from their South Korean rivals.

KOTC has let it be known as part of their latest phase of their ongoing fleet rejuvenation plans it is in the market for up to eight new ships which include two or three VLGCs, four MR product tankers and an aframax tanker.

KOTC’s current fleet comprises 30 vessels including 12 VLCCs, LPG carriers and product tankers of various sizes.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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