KOTC tanker fleet set to double through to 2040

KOTC tanker fleet set to double through to 2040

Kuwait has outlined plans to more than double its tanker fleet by 2040.

Kuwait Petroleum Corp CEO Nizar al-Adsani, speaking at the Middle East Petroleum and Gas conference in Abu Dhabi yesterday, said the aim was to grow subsidiary Kuwait Oil Tanker Co’s (KOTC) fleet to 60 ships from its current total of 28. Most of the expansion will focus on product carriers, Adsani said.

KOTC currently operates 12 crude tankers, four LPG carriers, 10 product carriers and two bunker ships.

Adsani said Kuwait had laid out plans to grow crude oil production to 4.75m barrels per day by 2040, up from the current 3.2m barrels.

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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