No. 30

22 April 1996


Iran To Take Delivery Of South Korean Tanker In May

The National Iranian Tanker Company (NITC) will take delivery in May of the first of five 300,000 dwt VLCCs ordered from the South Korean firm, Daewoo Shipping and Heavy Machinery Company, in 1993 at a cost of $490mn. The Iranian news agency IRNA reported on 17 April that delivery of the five new crude carriers should be completed by early next year at a rate of one every two months. The new VLCCs...