Hyundai and Daewoo poised to win Kuwaiti order

2004-07-20T00:00:00

Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are in line to win as many as seven tanker orders from Kuwait, which plans to spend more than $525 million to renew its fleet. Kuwait Oil Tankers (KOT), a subsidiary of state-owned Kuwait Petroleum, is currently negotiating with Daewoo and ...

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