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A WORD FROM THE CEO - January 2020

Happy New Year

While we bid farewell to 2019 and welcome 2020, and before we talk about our achievements during the last year and our aspirations for the new year, we would like to extend our highest appreciation and compliments to HH the Amir, HH the Crown Prince, HH the Prime Minister, we pray to Allah to protect them, the Kuwaiti people and all KOTC’s staff, wishing the New Year to bring all happiness, welfare, progress and prosperity to our dear homeland.

 

During 2019, we have achieved many targets that helped our Company to achieve more progress. One of the most important achievements is the fleet renewal project to build eight oil tankers, which are expected to be completed early in 2021. This Project is within KPC’s Fleet Renewal Project, in which the first promises of this

 

Project was the delivery of the giant LPG tanker “Gas Al-Mubarkiya” from Hyundai Heavy Industries Co. during last November.

 

In addition, we are proud of obtaining “The Best Oil Tanker Operator” Award in the marine industry in the Middle East & Indian Subcontinent granted by “Maritime Standard”. KOTC has won this award for the fifth time in succession since 2015 which confirms our continuous success in managing and operating our fleet very efficiently, in addition to having a modern fleet that operates according to the latest international technology in the field of shipping with the highest standards of Safety and Security.

 

We are also proud of culminating the efforts of KOTC and its staff through granting Mr. Bader Al-Khashti, KOTC Chairman, “Lifetime Achievement Award” by Seatrade Maritime – Middle East, Indian Subcontinent & Africa within the activities of Maritime Week Ceremony held in Dubai last, in recognition of his remarkable achievements during assuming an executive position in the Company, in addition to be the KOTC Chairman for successive periods, in which many achievements at the regional and global levels in the marine industry have been achieved.

 

We wish that we will continue to achieve more accomplishments during 2020, increase our aspirations and reach internationality through our success as one team.

 

Ali Abduljalil Shehab

Acting Chief Executive Officer