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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

Latest USCG Cutter At Boston Harbor

The Coast Guard’s latest 418-foot National Security Cutter James (WSML 754) entered Boston Harbor August 3, 2015. The James is the fifth of eight planned National

LNG Ferry Construction for Tallink Begins

The start of production of Tallink's new generation LNG powered fast ferry for the Tallinn-Helsinki route was celebrated on the 4th of August 2015 at Meyer Turku shipyard.

Tanker Trends

Koole Expands Rotterdam Operations

Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP.   The companies have a long-standing relationship.

Coast Guard Monitors Oil Recovery Ops near Bayonne, NJ

Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday.

India: Negative Outlook on Shipping Sector

India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the current financial year.   The agency expects

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Electronics 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: 0.1585 sec (6 req/sec)