NITC: Aims to Grow Fleet to 18mdwt by 2013

G. Trauthwein
Tuesday, February 01, 2011
Capt. R. Ghareh, Area Manager, NITC Tankers.

The National Iranian Tanker Company (NITC) based in continues to invest significantly in its fleet of ships, aiming to grow its fleet to 74 ships and more than 18mdwt by 2013, said Captain R. Ghareh, Area Manager based in the company’s Dubai, UAE office, during a recent interview. This level is a sharp increase from its current fleet, which includes 43 ships (including 28 VLCCs) total 10.6mdwt.

Making up the bulk of the new fleet is an existing order for 22 new VLCCs costing a cumulative $3.3b.

The continued push to invest is encouraging given the still shaky status of the global economic recovery, not to mention the United Nations sanctions surrounding ’s lack of compliance with its previous resolutions on ensuring the peaceful nature of its nuclear program.

Captain Ghareh was careful to point out the NITC – which is not on the U.N. “blacklist” of companies regarding the sanctions – is set on surviving the economic storm, not the sanctions.

Today NITC is comprised of 3014 staff worldwide, including 1853 fleet personnel and 576 cadets. Its ships trade primarily in Europe (51%); Asia (26%); and (15%).

Of the company’s 28 VLCCs, NITC has tenders out for drydocking bids on fives ships in 2011 for their 5-year docking.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

SAFE Boats Delivers First CIV for Air and Marine Operations

SAFE Boats International (SBI), a manufacturer of aluminum boats located in Bremerton, Wash., has completed the first Coastal Interceptor Vessel (CIV) on contract from U.

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Tanker Trends

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1059 sec (9 req/sec)