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Monday, October 24, 2016

Lifted Iran Sanction Frees Up $2.8 Bln in Tanker Tonnage

January 18, 2016

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 With recent news that sanctions against Iran are to be lifted, the world tanker fleet is due to see an additional 14.1 million DWT of Iranian tankers freed to trade globally. This tonnage is valued today at nearly $2.8 billion, according to ranks Iran’s VLCC fleet eighth in the world by value, behind Greece, China, Japan, the U.S., Singapore, Saudi Arabia and South Korea. Iran's largest VLCC owner, NITC, is the sixth largest tanker owner in the world, owning 37 VLCCs worth $2.2 billion.

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