about 20 years ago
The Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tons, Kuwait News Agency (TUNA) reported on Wednesday. According to the report, each tanker will cost 120 million to 130 million U.S. dollars depending on technical specifications, whi
The Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tons, Kuwait News Agency (TUNA) reported on Wednesday.
According to the report, each tanker will cost 120 million to 130 million U.S. dollars depending on technical specifications, while the previous cost was 100 million dollars per tanker.
KOTC Chairman Abdullah al-Roumi attributed the higher prices to rising shipbuilding materials worldwide.
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