National Iranian Tanker Company News

21 Oct 2019

Damaged Iranian Tanker Enters Iranian Waters

The Sabiti (CREDIT: MarineTraffic.com / © Peter Lawson)

An Iranian tanker damaged in the Red Sea two weeks ago has entered Iranian territorial waters, the official IRNA news agency reported on Monday, citing information from the National Iranian Tanker Company.The tanker will dock at Kharg Island in two days, the report said.Iranian President Hassan Rouhani said last week that the tanker, the Sabiti, had been hit by at least two rockets, and there is video footage of the incident.The attack was undoubtedly carried out by a government and there would be consequences…

28 Dec 2017

NITC Signs 200 Tanker Charter Deals

Pic: National Iranian Oil Company (NIOC)

The National Iranian Tanker Company (NITC) has signed over 200 leasing contracts for its vessels since the lifting of the Western-imposed economic sanctions two years ago, Financial Tribune reported on Thursday. The report quoted Iran Tanker Company's Chief Executive Officer Sirous Kianersi saying that from the easing of the sanctions (in January 2016) until the end of last month, foreign companies signed 215 time-charter and single-voyage deals for NITC tankers. NITC signed agreements with France's Total…

26 Nov 2017

Norway to Aid Iran's Fleet

Photo: National Iranian Oil Company

Iran's tanker shipping company plans to expand cooperation with Norwegian suppliers of parts for oil tankers, Financial Tribune daily reported. National Iranian Tanker Company (NITC) head Sirous Kianersi quoted as saying that NITC has been in touch with Norwegian ship parts and equipment manufacturers in the last 20 years and we hope to keep up this collaboration. According to the report, the NITC plans to modernize its fleet of around 70 tankers, one of the largest in the world…

27 Dec 2016

IRISL led JV for Ship Repair

Agreement for establishing a Joint Venture Company in ship repair sector Photo IRISL

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line (IRISL) and ‎ National Iranian Tanker Company (NITC). According to MANA correspondent, the initial agreement for establishing a Joint Venture Company in ship repair sector, was signed by Dr. Mansour Moazami, Iran's deputy minister of Industry, Mine and Trade and head of the board at IDRO, Dr. Mohammad Saeedi , director and head of the board at IRISL and Sirous Kianersi, NITC director.

24 Dec 2016

IRISL, NITC Pact for Ship Repair JV

Photo: IRISL GROUP

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line(IRISL) and ‎ National Iranian Tanker Company (NITC). According to MANA correspondent, the initial agreement for establishing a Joint Venture Company in ship repair sector, was signed by Dr. Mansour Moazami, Iran's deputy minister of Industry, Mine and Trade and head of the board at IDRO, Dr. Mohammad Saeedi , director and head of the board at IRISL and Sirous Kianersi, NITC director.

23 May 2016

KR to Deliver Engineering, Ship Surveys in Iran

Korean Register (KR) – an IACS member classification society - has signed a Memorandum of Agreement to establish a joint venture company with the Iranian Classification Society (ICS). The agreement is to deliver plant facility certification and engineering services. This is a growing market, with demand for plant project and industry safety inspection services expected to increase significantly over the next five years. The company will be called the ‘Iran-Korea Technology Assurance Company’, with 50-50 capital investment from KR and ICS. It will be fully operational in 2017. KR established a branch office in Tehran in 2010 but sanctions meant that the society suspended most of its services…

15 May 2016

Iranian Tankers Free to Enter International Ports

Photo: National Iranian Tanker Company

Restrictions on Iranian tankers’ insurance have been removed and the country’s crude carriers are now allowed to enter any oil terminal in the world, National Iranian Tanker Company (NITC)'s CEO Ali Akbar Safaee said. “With the resolution of insurance problems, international insurance institutes have  expanded their coverage to Iranian vessels, which can now berth at all ports,”he said. “Accordingly, all tankers that are under Iran’s ownership as well as any [foreign] tanker that enters Iran’s ports will not have any problem with regards to the issue of insurance," he added.

06 Apr 2016

Europort to Partner IRANIMEX

Logo Iranimex, powered by Europort,

Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the maritime and offshore industry’s most vibrant conference and exhibition, Europort, and the gateway event covering unprecedented industry opportunities in Iran. From 2016, the new partners will combine the blueprint established for previous IRANIMEX events and the international expertise that the Europort name conveys, under the brand ‘IRANIMEX powered by Europort’.

03 Apr 2016

Iran Seeks $2.5B to Modernize its Oil Tankers

(Photo: Greg Trauthwein)

Iran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday. Iran emerged from years of economic isolation after crippling sanctions were lifted in January in return for Tehran complying with steps to curb its nuclear ambitions. Reuters reported last month that two Chinese firms were pushing for multi-billion dollar deals with Iran to modernise its shipping fleet and build a high-speed railway.

22 Jan 2016

Iran Plans Listing NITC to Fund Fleet Modernization

Photo: NIOC

Iran plans to list its national tanker company to raise badly needed cash to upgrade its massive fleet and replace older vessels, as the middle east country prepares for an aggressive return to the global oil market. The country emerged from years of economic isolation last weekend after crippling sanctions were lifted in return for Tehran complying with steps to curb its nuclear ambitions. Iran has one of the world's biggest tanker fleets, but many of the ships are ageing and require valid insurance…

19 Jan 2016

Green Signal for Iranian Tankers in European Ports

Image: National Iranian Tanker Company

The Mehr News Agency reports that the British Lloyd's Register Group has canceled one sanction against Iran’s oil industry by issuing certificates for commute of Iranian oil tankers to the ports and oil terminals of European Union. The managing director of National Iranian Tanker Company (NITC) Ali Akbar Safaei stated about the official removal of the first sanction on Iran’s oil industry in the field of marine transport of crude oil and petroleum products. “Iranian tankers will now travel under the license of British Lloyds international classification institution,”he said.

15 Jan 2016

Iran's Tankers Target India, EU

File Image: A large tanker transits the Suez Canal enroute to Europe. (credit: Suez Canal Authority)

Iran wants to up exports to India by 200,000 bpd within 6 months. With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia's fastest-growing major oil market, and old partners in Europe with hundreds of thousands of barrels of its crude. Iran expects the United Nations nuclear watchdog to confirm on Friday it has curtailed its nuclear programme, paving the way for the unfreezing of billions of dollars of assets and an end to bans that have crippled its oil exports.

04 Jul 2015

NITC Claims World's Largest Supertanker Fleet

Photo: National Iranian Tanker Company

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV. NITC has recently announced that after buying 20 oil tanker from China during the last two and half years, now it has 42 super-tankers with very large crude carriers (VLCC) in its navy. “No other company in the world owns that number of VLCCs,” NITC’s commercial director Nasrollah Sardashti has said.

13 Feb 2015

Iranian Oil Tanker Blacklisted by EU

Image: National Iranian Tanker Company

During a meeting in Brussels on Thursday 12 February, members of European Union decided to sanction again the Iranian Oil Tanker Company which is transporting oil around the globe. The EU's second-highest court ruled last July there were no grounds to blacklist the National Iranian Tanker Company (NITC), Iran's biggest tanker firm, after it contested the designation. Hence the EU moved to re-impose sanctions on tighter legal grounds, says a Reuters report. The regulation will be published in the EU's Official Journal on Saturday.

12 Feb 2015

EU to Reimpose Sanctions on Iranian Tanker Firm

European Union governments are expected to agree later on Thursday to put the National Iranian Tanker Company (NITC) back on a list of sanctioned firms, EU diplomats said. The EU's second-highest court ruled last July there were no grounds to blacklist the NITC after the company contested the designation, but the EU said it would seek legal means to keep the company on the list of companies under asset freezes. Reporting by Barbara Lewis

17 Jun 2013

Annual Economic Sanctions Update

Iran Continues to Dominate U.S. Since last year’s update appeared in the May 2012 issue of Maritime Reporter & Engineering News, Iran has continued to dominate U.S. sanctions headlines. Significant actions by both the U.S. Congress and Department of the Treasury’s Office of Foreign Assets Control (OFAC) over the past year have increased sanctions against Iran substantially, and further initiatives are pending. Our 2013 update concentrates on these key developments, with particular focus on Iran sanctions of interest to the maritime community.

27 Dec 2012

Iran-built Container Ship Launched

Iran unveiled has unveiled its newest domestically-made container ship, named 'Iran-Shahrekord'. The ship has 2200 TEU capacity and has received all the necessary certificates from international institutes reports the Tehran Times. In addition, the National Iranian Tanker Company managing director announced that 21 new tankers will be added to the national fleet by the end of 2013, raising the country’s crude transportation capacity to 180 million tons per year. The Islamic Republic of Iran Shipping Lines managing director, Mohammad-Hossein Dajmar, claims that according to the United Nations Conference on Trade and Development (UNCTAD), Iran holds a 1.17 percent share of the total shipping capacity in the world, placing the country in 19th position.

13 Jul 2012

U.S. Puts Clamps on Iranian Shipping Companies, Ships

The U.S. Treasury Department yesterday said the United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks, and is also taking additional steps to prevent the evasion of sanctions by publicly identifying a group of Iranian front companies and banks. “Iran today is under intense, multilateral sanctions pressure, and we will continue to ratchet up the pressure so long as Iran refuses to address the international community’s well-founded concerns about its nuclear program,” said Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen. Continuing the effort to target Iran’s nuclear and missile proliferation activities, the U.S.

06 Jul 2012

UANI Calls on Korean Register to Stop Political Gamesmanship

United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. UANI is both concerned and certain that KR is placing the short-term profits of those that benefit from its services, specifically the IRGC, before the united will of the international community. It is ironic that KR would describe an effort to enforce international sanctions against Iran as “political,” at the same time it is mischaracterizing its business decisions as public safety measures. KR needs to end the political gamesmanship, and stop helping the Iranian regime bypass international sanctions. Earlier, UANI called on KR to stop certifying Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and National Iranian Tanker Company (NITC).

01 Feb 2011

NITC: Piracy Prevention is Priority One

A.R. Darashti, Technical Manater, NITC.

While the National Iranian Tanker Company (NITC) is a proponent of weapons on commercial ships as a means to thwart piracy, it respects and stays in compliance with international and port-state mandates that reject lethal force in the hands of mariners, and pushes the use of non-lethal methods to stop potential attacks. NITC currently has a fleet of  43 ships (including 28 VLCCs) totalling 10.6mdwt, but aims to grow its fleet to 74 ships and 18mdwt by 2013. According to A.R. -          Maintaining higher speeds through known piracy zones.

08 Dec 2011

Iran Tanker Company to Add 21 Tankers

The managing director of the National Iranian Tanker Company announced that 21 new tankers will be added to the national fleet by the end of 2013, reaching the country’s crude transportation capacity to 180 million tons per year, according to a report on the Tehran Times. (Source: Tehran Times)

19 Jun 2012

GL to Halt Classification Work on Iran Vessels

United Against Nuclear Iran (UANI) applauded the German shipping service Germanischer Lloyd (GL) for pledging to end its certification of Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC). Last week, UANI publicly called on GL to do precisely that. In a June 15 letter to UANI, GL informed UANI that: “It is of the utmost importance that we maintain our good reputation. Said UANI CEO, Ambassador Mark D. "We applaud GL for deciding to stop certifying Iranian vessels. We accept GL’s pledge, and we applaud GL for making this swift and responsible decision. The European shipping industry is now set to help deny the Iranian regime critical access to global trade and seaborne crude oil exports.

27 Jun 2012

Korean Register Asked to Halt Iranian Ship Certifications

United Against Nuclear Iran (UANI) calls on the Korean Register of Shipping (KRS) to stop certifying Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and National Iranian Tanker Company (NITC). Reportedly, KRS is the one and only classification societies in the world that continues to provide Iranian vessels with safety certificates. The prominent European shipping services Bureau Veritas and Germanischer Lloyd recently stopped certifying Iranian vessels in response to UANI. In a June 25 letter to Oh Kong-gyun, KRS Chairman & CEO, UANI CEO, Ambassador Mark D. The lettter adds that KRS’s…

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