KOTC to Tender for Four Vessels

Friday, September 29, 2006
Kuwait Oil Tanker Company (KOTC) said it would issue a tender in the next few months to build four 300,000-tonnes crude oil tankers as part of plans to upgrade its fleet. Chairman Abdullah Al Roumi said Asian shipbuilding companies were expected to take part in the tender. He said each tanker was expected to cost between $120 million-$130 million. 'It will cost more this time compared to the previous cost of $100 million for a tanker because the price of shipbuilding materials has increased worldwide,' Roumi said. He said nine other tankers are already being built and will be delivered in 2007 and that KOTC planned to build two more tankers in the future. Source: Trade Arabia
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipping Contributes $164bln to EU

The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping

UAE Shipping Delegation to Meet with Greek Counterparts

A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi,

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1227 sec (8 req/sec)