KOTC signed contracts of taking delivery of them after they completed successfully all building programs and necessary tests "Al-Funtas" and "Burgan" officially join KOTC fleet.
KOTC signed contracts of taking delivery of them after they completed successfully all building programs and necessary tests "Al-Funtas" and "Burgan" officially join KOTC fleet.
KOTC signed contracts of taking delivery of them after they completed successfully all building programs and necessary tests "Al-Funtas" and "Burgan" officially join KOTC fleet.
KOTC now owns 23 tankers meeting KPC needs and plans Our tankers are designed according to the highest int'l. technical and technological specifications When the 3 revamping phases have been accomplished, the fleet average age will be 6 years and gross tonnage 5 million Sheikh Talal Al-Khaled: We are committed to preserving safe strategic coverage for transporting Kuwaiti oil New tankers.. a strong addition to KOTC; they keep its int'l. reputation and provide work opportunities for the Kuwaitis Phase IV is considered in a technical way in conformity with the new regulations for the protection of environment and observance of technical and commercial requirements
Al-Funtas and Burgan were named in S. Korea during the 1st week of December 2013. The 2 tankers have successfully accomplished all building programs and passed the necessary tests according to the contracted specifications and international laws.
Al-Funtas gross load is approximately 2.2 million barrels. It is 330m long and 6om wide with an up to 22.5m draft, speed of 16.2 knot/hr and competitive economic fuel consumption cost in the international charter market besides a speedy discharge of load in full in less than 24 hours. It is the 1st within 5 tankers being built at present at Daewoo D.S.M.E Shipbuilding and Maritime Engineering in Koji Island, S. Korea.
Burgan gross load is approximately 340,000 barrels. It is 185.99 m long and 32.20m wide with an up to 18.5 m draft, speed of 15.5 knots/hr and competitive economic fuel consumption cost in the international charter market besides a speedy discharge of load in full in less than 19 hours. It is the 1st within 4 tankers being built at present at Hyundai Mipo Dockyard H.M.D in Olsan city, S. Korea.
With these 2 tankers taken delivery of, KOTC fleet now counts 23 different- size and multiple-purpose tankers that meet the international marketing needs and plans of KPC, which provides all support and effective help to KOTC for the success of the latter's strategic program.
For his part, Sheikh Talal Al-Khaled confirmed KOTC commitment to keeping the safe strategic coverage for the Kuwaiti oil, explaining that such commitment started with Phase I of the project for the fleet renewal and revamping in 2002 when the fleet average age was then 16 years. He pointed out that after the completion of Phase I, Phase II and Phase III the average age of the fleet will be approximately 6.5 years and the gross crude oil, petroleum product and LPG load of this fleet will be approximately 5 million tons.
Sheikh Talal Al-Khaled explained that KOTC would thereby have effectively promoted the desired objectives, i.e. keeping the safe strategic coverage for the transport of crude oil and products, supporting KPC strategic plan up to 2030, providing the best marine transport services and international marketing through quality and efficiency. He pointed out that among other objectives realized were keeping the international reputation of the company, providing work opportunities for the Kuwaitis, continuation of marine scholarship system to ensure having qualified Kuwaiti manpower, e.g. engineers and marine officers for work on board the tankers.
Sheikh Talal also pointed out that the project for building new tankers depends largely upon designing the tankers so that they keep in line with the highest technical specifications, modern technology, international conditions and standards of marine laws. He made it clear that "our tankers are environment-friendly and respond to future environmental requirements, elaborating that "the newly built tankers are designed and supplied with special equipment for addressing different emissions, handling sulfur and nitrogen oxides besides limiting the proportion of emitted volatile organic compounds.
Sheikh Talal disclosed that "during this month, KOTC will name 2 tankers and another 2 tankers next month," announcing that Phase IV of the fleet revamping plan is under consideration at present technically and accurately, especially with the nearing date for implementing many new international laws regarding environment protection and other technical and commercial requirements besides limiting the depletion of the ozone layer and greenhouse effect, as KOTC has carried out many studies and researches that could promote such guidelines.