Kuwait Oil Tanker Co (KOTC) is unlikely to order new tonnage in the next five years unless there is a specific requirement from parent company Kuwait Petroleum Co (KPC), according to deputy chief executive Ali Shehab.
“There are no plans for further ships in our current five-year plan unless KPC wants more,” Shehab told TradeWinds on the sidelines of the TMS Tanker Conference held in Dubai last week.
