Kuwait to Start Building 6 Tankers, Receive 9 in 2014, KUNA Says

-- 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 $556 million contract it signed earlier this year with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660), Chairman Nabil Bouresli said, according to KUNA.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net