Kuwait in $556m deal with Daewoo for 5 new tankers

Author: 
REUTERS
Publication Date: 
Tue, 2012-01-31 03:05

The four double-hull very large crude carriers (VLCC) will be able to carry 2.2 million barrels of crude each while the fifth vessel is for oil products with a capacity of 800,000 barrels, it said. 
Kuwait will take delivery of the tankers in early 2014. 
Daewoo Shipbuilding, the world's No. 2 shipbuilder, is aiming for around $11 billion in new orders this year, the same as it initially forecast for 2011, despite a credit crunch that has seen orders cancelled.

Taxonomy upgrade extras: