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KOTC ups its fleet renewal programme

KUWAIT Oil Tanker Co is renewing its fleet through a $600m investment in new tonnage. In March, the company took delivery of the first of its newbuildings, the VLCC Kazimah III from Hyundai Heavy Industries in South Korea, and it was the first of a total of nine new tankers and a service boat to be delivered to KOTC in this phase of the fleet renewal process.

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