KOTC Orders Three LPG Tankers from Hyundai

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In a major development, Kuwait Oil Tanker Co. (KOTC) has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries, reports Reuters.

  1. The deal was made at a cost of $213.3 million, the state-run Kuwait New Agency (KUNA) reportedly told Reuters.
  2. The first vessel should be delivered at the end of 2019, said KUNA, citing an announcement by KOTC Chief Executive Officer Sheikh Talal Khaled Al-Sabah

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SourceReuters

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