No. 37



Iran Takes Delivery Of First South Korean Tanker

The National Iranian Tanker Company (NITC) on 30 May took delivery of the first of five 300,000 dwt VLCCs ordered in 1993 from the South Korean firm Daewoo Shipping and Heavy Machinery Company at a cost of $490mn (MEES, 22 April). According to NITC's Chairman, Mr. Mohammad Souri, the five tankers will boost Iran's tanker capacity to 3.6mn tons from the present 2.1mn tons. Mr. Souri said a second tanker...