VOL. XXXVII

NO. 22

28-FEBRUARY-1994

Iran

NITC To Order More Ships; Financing For South Korean VLCC Deal In Sight

Iran's state-owned National Iranian Tanker Company (NITC) plans to order 16new tankers to replace its ageing fleet, according to a statement made last weekby NITC General Director Mohammad Souri. The vessels are in addition to acontract for five 300,000 dwt VLCCs signed last June with South Korea's Daewoo,finalization of which has been delayed by difficulties encountered in securing...