Kuwait Oil Tanker Co News

Kuwait Oil Tanker Co. (KOTC), a subsidiary of Kuwait Petroleum Corporation, has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries (HHI), the South Korean shipbuilding giant.According to the government's media outlet Kuwait New Agency (KUNA), the order for very large gas carrier (VLGC) is worth KD 64.8 million (around USD 213.3 million).KUNA quoted CEO of KOTC Sheikh Talal Al-Khaled Al-Sabah as saying that the VLGC-LPG gas tankers are part of a tanker-building contract signed with HHI, which includes the building and delivery of three giant gas carriers.Each tanker can carry around 84,000 cubic meters…

Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) and delivered to Kuwait Oil Tanker Co. S.A.K. (KOTC) in Geoje, Korea on August 25, 2014. The 317,300DWT very large crude carrier (VLCC), named the M/T Al Yarmouk following its delivery to KOTC, was built as Hull No. 5391 at DSME under ClassNK Rules and Regulations and in line with KOTC’s strict standards on safety and environmental performance.

Arab Shipbuilding and Repair Yard (ASRY), said it has recently achieved a milestone with the repair of its 4,000th ship. The vessel, the Gas Al Gurain, is an LPG Tanker owned by Kuwait Oil Tanker Company (KOTC) one of ASRY’s longest standing customers. ASRY, established in 1977, noted that reaching the 4,000-ship mark was achieved in part thanks to some of the world most prestigious fleets, including KOTC, Maersk, UASC, Odfjell MidEast and many more. Installation of a new Waste Heat Recovery (WHR) system, exhaust gas economizer which utilizes the heat energy from diesel generators.

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.

Wärtsilä's RT-flex common rail engine technology provides environmental benefits including low fuel consumption and reductions in exhaust emissions. The engine waste heat is utilized to produce onboard electricity. These features help maintaining and operating seaborne transportation in more economical and sustainable ways. Wärtsilä will supply the main engines for a series of vessels being built for Kuwait Oil Tanker Co. (KOTC), a Subsidiary of Kuwait Petroleum Corporation. Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are being built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea.

Wärtsilä to supply main engines for a series of 9 large vessels being built by Daewoo for Kuwait Oil Tanker Co. Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are being built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea. The VLCCs will be fitted with 7-cylinder Wärtsilä RT-flex 82T engines and a Waste Heat Recovery System, which utilizes exhaust gas energy  to generate steam which is used to operate a turbo generator that produces ship's electricity supply.

Daewoo Shipbuilding & Marine Engineering reportedly received a $560 million contract to build four very large crude carriers (VLCC) and one product carrier for Kuwait Oil Tanker Co (KOTC), according to Reuters.

According to a report from the Kuwait News Agency, Kuwait Oil Tanker Co. (KOTC) said it received a giant tanker from Daewoo Shipbuilding and Marine Engineering Co. The tanker, named Al-Salmi, can carry up to 1.2 million barrels of oil.   Source: KUNA

There are currently three large tankers under repair at Bahrain’s Asry – the 284,889 dwt VLCC Al Samidoon and the 285,117 dwt VLCC Al Shuhadaa, both owned by Kuwait Oil Tanker Co (KOTC), the 305,783 dwt ULCC Orion Star, owned by Vela International, and the 238,898 dwt VLCC Progress, owned by Greece’s Dynacom. Other ship currently under repair include the 13,143 dwt tanker UVO XX, PNSC’s 99,358 dwt tanker Shalamar, Odfjell’s 37,221 dwt tanker Bow Clipper, the 44,954 dwt tanker QUDS B7, owned by Bakri, Belden Shipmanagement’s 16,960 dwt cement carrier Mariana III and the 1,235 dwt vessel SD Severn.

According to AFP, Kuwait Oil Tanker Co. (KOTC) will soon order four giant oil tankers expected to cost some 500 million dollars, chairman Abdullah Al Rumi said on Wednesday. The new order was approved by the national oil conglomerate Kuwait Petroleum Corp. (KPC), and will be offered in a tender soon, Rumi told the official KUNA news agency. Each has a capacity of 300,000 tonnes and will replace old tankers in the company’s fleet of 24 vessels. KOTC signed three contracts in 2004 with South Korean companies to build seven new vessels at a cost of 540 million dollars. Delivery is expected to start next year. They include two very large crude carriers (VLCC), two liquefied petroleum gas tankers and three petroleum products vessels. Source: Business Times

This past November, the GMD Group performed emergency repairs to Evergreen's 46,411-gt containership M/V Ever Goods, when its rudder failed in one of the busiest shipping lanes in the world — midway between New York and New Jersey, underneath the Verrazano-Narrows Bridge. Rather than pay anywhere between five and six million dollars to tow the broken vessel to its homeport in Japan, the owners opted to call on GMD's Bayonne Drydock & Repair, which was conveniently located just a few miles from the bridge. Originally the plan called for the fabrication of a new rudder stock, but when GMD located a never-before used tailshaft with ABS certification papers in San Francisco, Calif. those plans were quick to change.