Kuwait
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Middle East
Kuwait bans ships carrying goods to and from Israel
Kuwait has issued a decree banning the entry of commercial vessels carrying goods to and from Israel from its territorial…
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Tankers
AMPTC returns to Hyundai Heavy for dual-fuel LR2 quartet
Arab Maritime Petroleum Transport Company (AMPTC) has returned to its shipbuilder of choice, Hyundai Heavy Industries (HHI), with an order…
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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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Middle East
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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Middle East
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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Asia
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Middle East
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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Finance and Insurance
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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Finance and Insurance
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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Asia
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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