No 46

12 November 2001


NITC Expects FirstChinese-Built Crude Oil Tanker By April 2002

TheNational Iranian Tanker Company (NITC) expects to receive the first of fivecrude oil tankers on order from Chinas Dalian New Shipbuilding Heavy IndustryCompany by April 2002. The Iran Daily newspaper of 4 November reportedthat NITC has ordered five 300,000 DWT capacity tankers from China, plus afurther five from South Koreas Hyundai. These ten tankers plus five other300,000 DWT vessels...