KOTC books VLGC trio at Hyundai Heavy

KOTC books VLGC trio at Hyundai Heavy

Kuwait Oil Tanker (KOTC) has placed an order for the construction of three 84,000 cu m VLGCs at South Korean yard Hyundai Heavy Industries, Kuwait News Agency (KUNA) reports.

The total value of the order is KD64.8m ($213.3m) and the first vessel is expected to be delivered at the end of 2019.

KOTC currently operates a fleet of 29 vessels, made up of 22 tankers, three VLGCs and four OSVs.

In April, KOTC outlined plans to double its tanker fleet by 2040.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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