Kuwait Oil Tanker Co. S.A.K. - Kuwait

Kuwait Oil Tanker Co. S.A.K.

Kuwait Oil Tanker Co. S.A.K.

KOTC was founded in April 1957, by a group of Kuwaiti pioneer investors, who had a vision of how important sea borne transportation would be for the development of oil industry and how essential it becomes to exploit and discover oil in Kuwait.

History

KOTC was founded in April 1957, by a group of Kuwaiti pioneer investors, who had a vision of how important sea borne transportation would be for the development of oil industry and how essential it becomes to exploit and discover oil in Kuwait.
 
As Oil becomes the major source of energy and the world demands increased substantially, its transport in crude, refined and liquefied product forms did indeed develop into an important part of the marketing activity. Thus in 1976, the government decided to become a partner to KOTC with a 49 % share capital, thereby providing a strong and vital boost to its development.
 
Three years later, in June 1979, in conformity with plans to bring all its oil operations, from the well to the ultimate consumer, under one corporation, the government acquired full control of the Company's capital. When Kuwait Petroleum Corporation (KPC) was established in January 1980, KOTC assumed responsibility for the transportation sector of KPC.
 

Fleet Development

 
Two years after its establishment in 1959, KOTC took delivery of the first crude oil tanker “KAZIMAH” 49,000 Metric Tons. It was the vanguard of oil tanker flying the Kuwaiti flag and in those days it was considered a super tanker.
 
By 1975 the fleet had been expanded to transport over one million Metric Ton of crude oil, but due to the expansion of refinery capacity in Kuwait , product tankers were also acquired along with liquefied petroleum gas (LPG) carriers, by 2001 the fleet reached 25 vessels of different sizes  and purposes which had deadweight capacity of 3.2 million Metric Tons. The fleet reached its maximum number in 1993 with a total of 38 vessels and capacity of 4.1 million Metric Tons. In the last decade, KOTC modernized and developed its fleet by building new tankers and scrapping the very old ones.
 
In line with the company’s mission and strategy to maintain a high standard fleet to cater for KPC’s requirements, the Fleet New Building Projects Group (FNBPG) handles all issues pertaining to fleet renewal projects.
 
Interacting with various parties from shipyards / vendors, to classification societies / consultants; the FNBPG studies the market and new trends/technologies in the shipbuilding industry, which is adopted in the preparation of the specification for various types of vessels.
 
Throughout the process of the new building, from plan approval stage, on site supervision of the construction until delivery, the FNBPG has the utmost contribution to ensure high safety and quality standards complying with International Maritime Standards reflected in KOTC governing rules and regulations. 
 

Our Vision & Mission​

 
Vision:
To be a world class provider of marine transport, a leading carrier of Kuwaiti hydrocarbons, and an employer of choice.
 
Mission:
-  Ensure strategic coverage and provide marine transportation for Kuwaiti hydrocarbons.    
-  Conduct operations to world class standards in an efficient manner and promote safety and environmental responsibility. 
-  Pursue commercially viable opportunities within the hydrocarbon shipping sector.
-  Support the development of our people while building up national manpower and expertise, and ensure a commitment to social responsibility.
 
Values:
​1. Commit ourselves to our Vision; 
2. Strive to zero HSE incidents and minimise environmental pollution; 
3. Maintain a healthy and constructive relationship with our stakeholders in our business; 
4. Build trust within our own organisation; 
5. Maintain a positive working atmosphere thus enabling creativity, innovation and teamwork; 
6.Take and demonstrate our responsibilities towards development and maintenance of competence of our employees; 
7. Recognise good performance of our employees; 
8. Fulfil Company’s expectations as the requirements of our processes; 
9. Show visible continual improvement in results.
 
 

KOTC Fleet List 

Very Large Crude Carriers (VLCC's) 
 
Vessel Name Yard Delivery Date Capacity (98% M3)
Al Derwazah DSME May -14 357,538.40
Al Funtas DSME Mar-14 350,387.60
Al Riqqa DSME Oct-11 351,314.60
Al Salmi DSME Jun-11 351,315.00
Umm Al Aish DSME Feb-11 350,714.00
Dar Salwa DSME Oct-10 344,725.00
Al Jabriyah II HHI Jul-07 344,732.00
Kazimah III HHI Mar-06 344,725.00
Al Shegaya HHI July-98 344,166.00
Al Salheia HHI HHI May-98 344,166.00
Total Capacity   3483783.60
Product Carriers 
 
Vessel Name Yard Delivery Date Capacity (98% M3)
Al Dasma DSME Jun-14 125,063.00
Bneider DSME Apr-12 125,220.50
Bahra DSME Feb-12 125,220.50
Wafrah Daewoo Oct-07 127,170.00
Al Salam II Daewoo Jan-07 83,564.00
Al Soor II Daewoo Feb-07 83,564.00
Hadiyah Samsung Feb-89 344,166.00
Arabiyah Samsung Apr-89 150,048.00
Total Capacity   1164016.00
 
Liquified Petroleum Gas (LPG) Carriers 
 
Vessel Name Yard Delivery Date Capacity (98% M3)
Gas Al Negeh HHI Dec-07 80,680.00
Gas Al Kuwait II HHI Apr-07 80,360.00
Gas Al Gurain MHI Jun-93 76,905.00
Gas Al Mutlaa MHI Mar-93 76,905.00
Total Capacity   314850.00
 
Chemical Carriers
 
Vessel Name Yard Delivery Date Capacity (98% M3)
Kaifan HMD July-14 52,001.00
Bubyan HMD May-14 52,001.75
Burgan HMD Mar-14 52,001.74
Total Capacity   156004.49
 
Bunker Vessels 
 
Vessel Name Yard Delivery Date Capacity (98% M3)
Al Wataniah IV JSML Singapore Oct-07 4,744.00
Sedra II JSML Singapore May-08 4,744.00
Total Capacity   9488.00
 
 
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