High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
The VLCC Al Kout was delivered last week by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) as part of a series of vessels constructed for the Kuwait Oil Tanker Company (KOTC).
The 165,178 gross ton vessel was built under ClassNK Rules and Regulations and is the final vessel of the four VLCCs and one Aframax Tanker constructed by DSME as part of this project under ClassNK
The Japanese class society notes this ship is the first in the ClassNK registry to comply with the Performance Standard for Protective Coatings (PSPC) requirements for Cargo Oil Tanks of Crude Oil Tankers.
Join the 67,748 members that receive our newsletter.
Have a news tip? Let us know.