Kuwait
- Operations
Abandoned seafarers to return home after two-year ordeal
The International Transport Workers’ Federation (ITF) has reported that the 19 remaining crewmembers of the abandoned Aswan bulker will be…
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Kuwati firm buys the world’s largest livestock carrier
Australian live export company Wellard is selling the world’s largest purpose-built livestock vessel, the , for $53m to Kuwait’s Al…
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Kuwait follows India’s lead in banning single-use plastic onboard
Kuwait has joined India in banking single-use plastic onboard ships Enforcement of India’s requirement for ships to keep single-use…
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X-Press Feeders boxship and KOTC tanker collide at Chittagong Port
The 1,688 teu feeder boxship X-Press Mahananda and 46,300 dwt MR2 tanker Burgan collided on the Karnaphuli channel near Chittagong…
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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…
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KOTC puts its oldest VLCCs up for sale
Kuwaiti Oil Tankers Company (KOTC) has put its two oldest VLCCs up for sale as part of its ongoing fleet…
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KOTC splashes for four MRs at Hyundai Mipo
Kuwait Oil Tanker Company (KOTC) has signed a contract with South Korea’s Hyundai Mipo Dockyard for four medium range product…
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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…
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KOTC orders VLCC at Bohai Shipbuilding Heavy Industry
State-owned Kuwait Oil Tanker Company (KOTC) has signed a shipbuilding contract with China’s CSIC-affiliated Bohai Shipbuilding Heavy Industry for the…
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KOTC orders three VLGCs at Hyundai Heavy Industries
Kuwait Oil Tanker Company (KOTC) has signed shipbuilding contracts with South Korean shipbuilder Hyundai Heavy Industries for the construction of…
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Tristar gets $100m investment from Kuwait
Kuwait-based Gulf Investment Corporation (GIC) has bought a $100m equity stake in UAE-based Tristar Group. Tristar will use the funds…
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KOTC readies tanker ordering spree
Kuwait Oil Tanker Company (KOTC) is readying a series of orders with the devaluation of the yen giving Japanese yards…
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KOTC set for newbuild spree
Kuwait Oil Tanker Company (KOTC) has revealed that it is looking to order three VLGCs, one VLCC, and four MR…
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UASC posts biggest operating loss of any major container line
United Arab Shipping Company (UASC) has posted its financial figures publically for the first time, revealing a -9% operating loss…
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Kuwaiti government to sell KOTC stake in IPO
The government of Kuwait announced plans to sell stakes in state oil producer Kuwait Petroleum Corp’s business units, among them…
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UASC may sell chemical tanker unit UACC
United Arab Shipping Co (UASC) is considering the sale of its stake in United Arab Chemical Carriers (UACC) as part of…
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Hyundai Samho bags Middle Eastern suezmax orders
South Korea’s Hyundai Samho Heavy Industries has bagged an order for a pair of 158,000 dwt coated suezmaxes from (AMPTC),…
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