Kuwait Oil Tanker Company (KOTC) was established in 1957 by a group of Kuwaiti pioneers who envisioned the crucial role of transportation of Kuwait’s natural resource by sea to meet the worldwide energy demand.
In 1976, the Kuwaiti government decided to become a partner in KOTC with a 49% stake, thereby providing a strong and vital boost to its development.
In 1979, the government acquired full control of the Company's capital to bring all its oil operations under one corporation. When Kuwait Petroleum Corporation (KPC) was established in 1980, KOTC became the transportation arm for the Kuwaiti Oil Sector.
In 2014, KOTC introduced new tankers thus, completing a multi-billion dollar modernization and expansion.
KOTC owns a distinguished fleet of ships that consists of 29 tankers, with a total capacity of 4.9 million tons, consisting of 12 VLCCs, 11 Product Carriers (5 LR2, 4 MR, and 2 LR1), 4 VLGC, 2 Bunker vessels.
KOTC is recognized as one of the top tanker companies in the world whose vessels have continuously gained industry acclaims for design innovation, energy efficiency, environmental initiatives and for setting performance benchmarks.
Fleet vessels trade worldwide; mainly in Europe, Middle East and Far East.
LPG Filling Branches & Marine Agency
The Marine Agency branch was established in 1959 and acts as sole agent for all tankers calling at Kuwait’s oil terminals.
Two LPG Filling Plants were established to meet Kuwait’s requirements for the filling and distribution of LPG cylinders for local industry and domestic consumption.
Driven by our purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. Operating in more than 100 countries, our 15,000 professionals are dedicated to helping our customers in the maritime, oil & gas, energy and other industries to make the world safer, smarter and greener. In the maritime industry
DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges.
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A Saudi publicly-listed company, Bahri is one of the world’s foremost logistics and transportation companies.
Established in 1978, Bahri plays a leading role in the transformation and growth of the global transportation industry through innovation and delivering value-added onshore and offshore services, including transportation of crude oil, oil products, chemicals, bulk and general cargo.
Bahri is the largest owner and operator of Very Large Crude Carriers (VLCCs) in the world, and the largest owner of chemical tankers in the Middle East. Presently, the company owns and operates 84 specialized vessels, including 37 VLCCs, 36 chemical/product tankers, 6 multipurpose vessels, and 5 dry-bulk carriers, with additional 9 VLCCs on order.
Bahri offers its logistics customers a wide range of integrated services that can be easily accessed through an online e-Services facility, which provides them with information regarding voyage schedules, cargo and vessel locations, ETAs and ETDs. Simultaneously with the marine expansion, Bahri developed onshore facilities by building its own container yard at Jeddah Islamic Port, and plans are in place for a similar facility at King Abdulaziz Port in Dammam.
Bahri is committed to playing an integral and leading role in realizing Saudi Arabia’s Vision 2030,by continuously enhancing and expanding its services and presence across the world, enabling the opening of new trade routes, positioning the Kingdom as a unique regional logistics gateway to three continents, whilst maximizing returns on shareholders’ investments.
Bahri operates viasix business units includingBahri Oil, Bahri Chemicals, Bahri Logistics, Bahri Dry Bulk, Bahri Ship Management, and Bahri Data.
Bahri has around 2,400 dedicated employees across its global network of offices in Saudi Arabia, UAE, USA and India.
The idea of establishing Islamic P&I Club (IPIC) as a mutual and non-profit organization was proposed and approved by the Organization of the Islamic Shipowners’ Association (OISA), affiliated institution to the Organization of the Islamic Cooperation (OIC). In the 23rd Executive Committee Meeting and the 15th General Assembly Session in October 2001 held in Dubai, the Members of the Organization unanimously approved the procedure of the establishment of Islamic P&I Club and Islamic P&I Club was officially born. The achievement was adopted by the 10th OIC Summit, which was held in Putrajaya, Malaysia in October 2003 and Summit following the RESOLUTION No.35/10-E(IS).
As per kind auspicious of the Government of Dubai, Islamic P&I Club headquarters officially established is in Dubai without the need for sponsorship in 2004.
In order to have better access to the clients either potentials or current members, IPIC organized a second management office in Jakarta – Indonesia in 2009 while Istanbul – Turkey will be IPIC third office. It is policy of the Club to have offices in Beirut – Lebanon as well as Cairo – Egypt in due course.
IPIC provide the most comprehensive and tailor-made cover to its members for protecting their third party legal liabilities and expenses out of the vessel’s operation up to the limit of liability USD 1 Billion as well as Freight Demurrage & Defence, Charterers’ Liability, Loss of Hire and War Risk, Hull & Machinery and K&R through its associate companies. Risks are reinsured through a syndicate of prominent international reinsurance companies to secure the member’s needs in a proper manner.
While the Club have strong links to correspondents supported by a worldwide network of more than 485 independent firms and consultants as well as surveyors, is able to render immediate assistance to the members via its local expertise located in 120 countries and 425 ports, without any delay. Key Personnel:
Amir H. Mosadeghi, CEO
Amir Emad Mosadeghi, Deputy CEO
Mohamad Ahmad Renno, Underwriting Manager
Dubai Maritime City was born out of the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Dubai Maritime City is the world’s first purpose built center for maritime commerce and business.
This 227 hectares iconic city aims to capitalize on the strengths of Dubai as regional and global maritime hub to create a dynamic urban life style for the maritime community.
Dubai Maritime City, located at the meeting point of diverse cultures and ethnicities has traditionally been a popular hub for maritime activities.
Due to its strategic location, it is one of the most important ports in the world. Hence, it is natural that the Dubai Maritime City, with world-class industrial, business and commercial facilities was conceived and implemented in this important regional trading center.
The City is an exclusive center for maritime business and industrial activity for the local and international maritime community.
DMC has a multi-use environment and has both industrial and commercial spaces for propagating and nurturing maritime business and trade, which is an integrated maritime facility that caters to all requirements of the global maritime industry, including the region’s fast-growing boating community.
On completion, the maritime complex it’s designed to provide world-class infrastructure facilities to different maritime industry players. It offers investors and business organization highly attractive economic incentives such as free-zone benefits, responsive government support.