No. 18



NITC Chief Says Iran Needs Up To 34 New Tankers

Mohammad Souri, head of the state-owned National Iranian Tanker Company (NITC), has said that Iran needs up to 34 new crude oil tankers to refurbish and expand its ageing fleet, according to the official news agency IRNA. Mr Souri told the agency on 19 April that Iran currently owns or has under construction a total of 36 tankers. Last month NITC signed a $370mn contract with two Chinese shipbuilding companies for...