VOL. XXXIX No. 59 11-November-1996IRAN

Iran Puts In Operation Fourth South Korean Tanker The National Iranian Tanker Company (NITC) announced last month that its fourth South Korean-built tanker - the 300,000 dwt Iran Najm which was recently delivered to Iran - has been put in operation. The vessel is one 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, 21 June 1993). The first of these vessels was...