KOTC renews three-year marine lubricants deal with Lukoil

Kuwait Oil Tanker Co (KOTC) has renewed a three year deal with Lukoil Marine Lubricants covering its fleet of 24 vessels.

Having supplied KOTC with specialised marine lubricants for the last three years, Lukoil has been contracted for a further three years to supply the fleet consisting of very large crude carriers (VLCC’s), product carriers, liquefied petroleum gas (LPG) carriers, and bunker vessels.

The official signing took place recently at KOTC office headquarters in Kuwait by June Manoharan, the director of Lukoil Marine Lubricants and Ali Shehab, the ceo of KOTC.

The KOTC chief said, “Though our business relationship with Lukoil has been brief thus far, the company and its personnel have demonstrated nothing short of first-class quality with both their marine lubricant product, and the excellent services they have provided us with during our three-year collaboration.”

Jihad Al Bannay, the acting manager for KOTC added, “Managing an extensive fleet, we are continually seeking optimization methods to enhance our operations.

“Since 2015, Lukoil has helped us achieve this by repeatedly proving their innovative and technological expertise within the industry. This is something we are deeply appreciative of, and it was a major factor which contributed to our ability to easily agree upon a contract extension.”

Posted 11 June 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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