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KOTC tenders for eight tanker newbuildings

KOTC tenders for eight tanker newbuildings
Kuwait Oil Tanker Co (KOTC) has tendered for eight tanker newbuildings.

KOTC has opened a shipyard pre-qualification process for the design and construction of three VLGCs of 82,000 – 84,000 cu m, one 317,000 dwt VLCC and four 50,000 tonne MR product tankers.

The company stated interested shipyards needed to have experience in building oil and gas tankers in the last 10 years. Pre-qualification will close on 20 December.

Competition among yards is likely to be fierce given the dearth in newbuilding orders this year.