Kuwait firm orders three LPG tankers

Kuwait

Oil Tanker Co. (KOTC) has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries at a cost of $213.3 million, the Kuwait New Agency (KUNA) reported yesterday.

The first vessel should be delivered at the end of 2019, said KUNA, citing an announcement by KOTC Chief Executive Officer Shaikh Talal Khalid Al Sabah.

A unit of Kuwait Petroleum Corporation plans to build a liquefied natural gas (LNG) import terminal at Al-Zour in Kuwait. (Reuters)