• BIST 105.026
  • Altın 162,753
  • Dolar 3,9187
  • Euro 4,6430
  • İstanbul 10 °C
  • Ankara 4 °C

KIC Oil and Gas to set up

KIC Oil and Gas to set up
Malaysian oil terminal operator KIC Oil and Gas is planning to set up a shipping trust to acquire 22 vessels over the next three years.

KIC Oil and Gas to set up $200m shipping trust

Malaysian oil terminal operator KIC Oil and Gas is planning to set up a shipping trust to acquire 22 vessels over the next three years. KIC has signed a memorandum of agreement with Thailand"s Nathalin Group in collaboration with PTT Public Co to set up a consortium.

Abdul Rashid Isa, chairman and ceo said the aim of the consortium would be to set up a shipping trust. ?KIC and Nathalin with the support from PTT will establish a shipping trust for the acquisition of the 22 vessels to render door-to-door services [in terms of logistics and transportation] supporting the operations of the oil terminals,? he said.

The trust would invest $200m over a three year period. ?In the immediate term [prior to the establishment of the trust], we will first inject our own vessels and time-charter a number of vessels to support the current demand from the customers of the oil terminals,? he added. Nathalin, is Thai private shipowner, engaged mainly in the coastal tanker trades.

www.turkishmaritime.com.tr

This news is a total 6395 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Cosco Energy Transportation to Buy New Tankers23 November 2017 Thursday 12:55
  • Captain Survives Alone on Tanker for a Year23 November 2017 Thursday 12:16
  • Vigor May Purchase San Francisco Shipyard23 November 2017 Thursday 11:41
  • BAE Systems gets $8.8 million for amphibious ship work23 November 2017 Thursday 10:52
  • Arctic LNG Carriers Delivered: RS Class22 November 2017 Wednesday 17:41
  • NOAA Shuts Down 22 Fishing Boats over "Codfather" Scandal22 November 2017 Wednesday 17:03
  • Hapag-Lloyd Takes Up New Refrigerant Reefers22 November 2017 Wednesday 16:18
  • Europe's Shipbuilding Industry Under Threat22 November 2017 Wednesday 15:32
  • Three box ships will have Langh scrubbers, EGR water treatment22 November 2017 Wednesday 14:55
  • Damen wins order for twin rig fishing trawler22 November 2017 Wednesday 14:11
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |