Kuwait Oil Tanker Co. Aims for 30 Ship Fleet

MarineLink.com
Sunday, December 08, 2013

Kuwait Oil Tanker Company (KOTC) has put into service a new VLCC and named another as part of a strategy aimed at increasing its tankship fleet to 30 by the end of 2014, reports the Kuwait News Agency.

KOTC Chief Executive Officer Sheikh Talal Al-Khaled Al-Ahmed Al-Sabah inaugurated the enormous crude carrier, Al-Fintas, during an official ceremony held at the main compound of Daewoo Shipbuilding and Marine Engineering Company (DSME) in South Korea.

The ceremony was attended by Kuwaiti Ambassador to South Korea Jassem Al-Badawi, KOTC board members and Daewoo's senior executives.

Earlier, KOTC named their new bi-products tanker Burgan, which was constructed by Hyundai Mipo Dockyard in South Korea.

According to Kuwait News Agency these two tankships are part of the third phase of a process aimed at upgrading the company fleet. This phase also envisages five other tankers, thus the company total fleet will reach 30 tankers of various capacities and sizes by end of 2014.

Source: Kuwait News Agency

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

EMS Seven Seas Announces New CEO

EMS Seven Seas announces new CEO; enters into agreement to acquire Wave Shipping, a Singapore-based maritime and port agency services company. EMS Seven Seas,

Liebherr Sees Growing Demand for Harbor Cranes in Latin America

Several new deliveries to Latin America; strong 2014 year for Liebherr mobile harbor cranes Liebherr said its mobile harbor crane population in Latin America

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of

Contracts

iSURVEY Awarded Two-year Contract with Island Offshore

iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management, which will see iSURVEY AS provide positioning services to Island

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of

Shipbuilding

Hyundai Mipo Dockyard Delivers Fourth PSV

Hyundai Mipo Dockyard (HMD) delivered the fourth high value platform supply vessel (PSV) for BP Shipping at its main shipyard in Ulsan, South Korea. HMD won

First-of-type Walk-to-Work Crewboat Launched

Incat Crowther announced the launch and sea trials of Muslim Magomayev, a first-of-type 70m Catamaran Fast Crew Boat (FCB). Constructed by Incat Tasmania, Muslim

Scorpio Tankers Receive 7 More Newbuildings

Scorpio Tankers Inc. say it has recently taken delivery of seven newbuilding vessels as follows: STI Madison and STI Park, LR2 product tankers, were delivered

Tanker Trends

For Europe's LNG Ports, Russia Gas Fears and US Exporters Buoy Demand

Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant.

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Scorpio Tankers Receive 7 More Newbuildings

Scorpio Tankers Inc. say it has recently taken delivery of seven newbuilding vessels as follows: STI Madison and STI Park, LR2 product tankers, were delivered

Middle East

Mideast Crude Tanker Rates Near 3-month Low

Crude oil tanker earnings on the major Middle East route fell to their lowest in nearly three months as a slowdown in business in recent days battered rate sentiment.

Marlink VSATs Chosen for UASC Containerships

United Arab Shipping Company (UASC) has selected WaveCall Plus VSAT (Very Small Aperture Terminal) services from Marlink to provide reliable connectivity for its new build fleet of 17 containerships,

Saudi Shipper Bahri Names Omar as CEO

The National Shipping Company of Saudi Arabia (Bahri) has named Ibrahim Abdulrahman al-Omar as its chief executive, effective on Oct. 1, a bourse filing said on Wednesday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Repair Ship Simulators Winch
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: 0.2585 sec (4 req/sec)