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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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