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Kuwait to start building 6 tankers in 2014
Source: BI=-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed May 2, 2012 10:11 am

 KUWAIT. Kuwait Oil Tanker Co. will start building six oil and gas tankers in 2014, state news agency KUNA reported, citing KOTC’s chairman.

The company will also receive nine tankers in mid-2014 as part of a US$556 million contract it signed earlier this year with South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Chairman Nabil Bouresli said, according to KUNA.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 19, 2014
INTERNATIONAL. Europe has been mired in an economic crisis for half a decade now. There have been constant predictions that Europe may finally be turning an economic corner, but if Germany's economy is contracting, it is difficult to believe that any corner is being turned.
date:Posted: August 19, 2014
UAE. Frost & Sullivan study finds the market earned revenues of US$549.3 million in 2013 and estimates US$818.5 million in 2018, at a CAGR of 8.3%. The study covers the Middle East market for industrial service of pumps, motors, compressors, automation, instrumentation and electric drives.
date:Posted: August 18, 2014
INTERNATIONAL. "We believe that raising capital requirements through the introduction of new capital buffers will help to make the industry more resilient," said Standard & Poor's credit analyst Mohamed Damak.
UAE. Frost & Sullivan study finds the market earned revenues of US$549.3 million in 2013 and estimates US$818.5 million in 2018, at a CAGR of 8.3%. The study covers the Middle East market for industrial service of pumps, motors, compressors, automation, instrumentation and electric drives.
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