Iran's NITC Under Pressure to Pay Tanker Charter Debts
Iran's National Iranian Tanker Company (NITC) is under increasing pressureto pay off debts for tankers it chartered during the last year. Shipping sourcesestimate that NITC owes as much as $100mn or more to tanker chartering companies. Of this, around $50mn is said to be due toNorwegian companies andanother $50mn due to Greek companies. NITC's representative in London, Mr. AhmadHatami, said earlier this...