• Home
  • Kuwait Petroleum Offering Ship-to-Ship Transfers Outside Hormuz to Buyers, Official Says
Kuwait Petroleum Corporation (KPC) announced that it was offering customers ship-to-ship (STS) transfers outside the Strait of Hormuz to facilitate petroleum deliveries amid ongoing regional maritime disruptions. Speaking at the APPEC conference in Singapore, KPC Deputy Managing Director of International Marketing Emad Al-Kandari said the company continued to move some vessels through Hormuz when conditions permitted while offering alternative transfer arrangements. KPC also recently offered naphtha cargoes on a delivered basis rather than its traditional free-on-board arrangements.

Kuwait Petroleum Offering Ship-to-Ship Transfers Outside Hormuz to Buyers, Official Says

Kuwait Petroleum Corporation (KPC) announced that it was offering customers ship-to-ship (STS) transfers outside the Strait of Hormuz to facilitate petroleum deliveries amid ongoing regional maritime disruptions. Speaking at the APPEC conference in Singapore, KPC Deputy Managing Director of International Marketing Emad Al-Kandari said the company continued to move some vessels through Hormuz when conditions permitted while offering alternative transfer arrangements. KPC also recently offered naphtha cargoes on a delivered basis rather than its traditional free-on-board arrangements.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.