VOL. XLIII
No. 13
27-March-2000
IRAN
China To Build Five VLCCs For Iran After Chinese Bank Backs $370Mn Financing
The National Iran Tanker Company (NITC) has signed a $370mn contract with China Shipbuilding Industry Corporation (CSIC) and the China Shipbuilding Company Limited (CSBC) for the construction of five very large crude carriers (VLCCs) to be delivered before 2004.
The five 300,000 dwt vessels will be built at the Dalian New Shipyard in northeast China. NITC ordered the VLCCs, each of...
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