VOL. XL
No. 04
27-January-1997
IRAN
NITC To Build Five New Crude Tankers
The Chairman of the National Iranian TankerCompany (NITC), Mr. Muhammad Souri, announced last week that his company intends tocontract for the construction of five new crude carriers in a bid to modernize its fleetand reduce the cost of chartering tankers internationally from the spot market. He saidthat NITC - a wholly-owned subsidiary of the National Iranian Oil Company (NIOC) - isshopping around for five Suezmax type...
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