KOTC names new tankers

Ceremony held in South Korea.
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 The Kuwait Oil Tanker Company has named its new oil tankers Dasma and Boubyan during a ceremony held in South Korea.

The new vessels are expected to be delivered in April and May.
The company, which is a subsidiary of Kuwait Petroleum Corporation (KPC), said in a statement that Sheikh Talal Al-Khaled had named the two new oil tankers in a ceremony that was held in South Korea today and attended by Kuwaiti Ambassador to South Korea Jassem Al-Bedeiwi and several senior KOTC officials.

The KOTC will get delivery of Dasma from South Korean company Daewoo Shipbuilding and Marine Engineering, and of Bobyan from Hyundai Mipo.

The naming of the two new tankers is part of the company's plan to fulfil the third phase inaugurated by the company toward the acquisition of a new fleet, it said in the statement.

With the addition of the two new tankers, KOTC's total fleet size will be 25, it said, adding that the revamping process of its fleet had begun with the first phase in 2003, when the lifespan of the fleet was 16 years.

Once the first, second and third stages of the revamping process are completed, the lifespan of KOTC's fleet will be reaching six and a half years, it added.

Kuwait Oil Tanker Company is mainly involved in the ownership and management of tankers engaged in the transport of crude oil, refined petroleum products and liquefied petroleum gases (LPG).

In addition, it also operates a Marine Agency Branch, acting as sole agent of all tankers calling at Kuwait's sea port and a Gas Branch for the filling and distribution of LPG cylinders for local industry and domestic consumption.

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