The Company is mainly involved in the ownership and management of tankers engaged in the transport of crude oil, refined petroleum products and liquefied petroleum gases (LPG). In addition, it also operates a Marine Agency Branch, acting as sole agent of all tankers calling at Kuwait’s sea port and a Gas Branch for the filling and distribution of LPG cylinders for local industry and domestic consumption. As the transportation arm of KPC it operates, on a commercial basis, a modern balanced fleet of Very Large Crude Carriers (VLCCs), petroleum product tankers and LPG carriers to maintain a strategic coverage of KPC’s oil exports to all corners of the globe. In spite of the general slackness conditions in the tankers industry all over the world during the current years, KOTC managed to keep its profitability above the regular average due to its intensive concern for reducing the operating expenses and its wise policy of replacing old ships at the appropriate times.
September 28, 2017