VOL.XXXIXNo. 6416-December-1996IRAN

NITCTakes Delivery Of Last Of Five South Korean Tankers The National Iranian Tanker Company (NITC)has taken delivery of the last of five oil tankers orderedin 1993 from the South Korean firmDaewoo Shipping and Heavy Machinery Company at a cost of$490mn.The five VLCCs with a capacity of 300,000 dwt eachwill boost the capacity of Iran's tanker fleet to 3.6mn tons from2.1mn tons. NITC's fleet of operating tankersrises to 17 vessels with the latest delivery....