NO. 38



Iran Set To Order Five Tankers From Korea's Daewoo

According to Lloyd's List, Iran is set to order five VLCC tankers from DaewooShipbuilding and Heavy Machinery of South Korea. The daily said that an orderfor five 300,000 dwt tankers is expected to be formalized by the NationalIranian Tanker Company (NITC) within a matter of days, and that delivery of thefirst vessel would be scheduled for February 1996.

The new vessels - described by the newspaper as "Iranian...