VOL. XXXVIII
NO. 34
22-MAY-1995
Iran
Iran Moves To Renew Tanker Fleet, Mulls Storage Options
After nearly two years of negotiation, Iran's state-owned National IranianTanker Company (NITC) has secured the necessary financing for five new 300,000dwt tankers scheduled for construction at South Korea's Daewoo shipyard.Finalization of the $490mn deal, which was originally signed in June 1993, hadbeen delayed when the two sides encountered difficulties securing financing forall of the vessels. Last...
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