Kuwait Oil Tanker Co (KOTC) has launched its planned tender for tanker and gas carrier tonnage worth a possible $370m in total.
Shipbuilding sources say KOTC has recently gone out to three or four pre-qualified yards with a formal tender to build one 317,000-dwt VLCC and three VLGCs of around 84,000 cbm.
They say the Kuwaiti tanker giant is kicking off with LPG and large tanker tonnage first but may move onto its planned medium-range (MR) quartet of 50,000-dwt later, which could add a further $135m-worth of business for yards.
