Iranian tanker operator in talks with yards about new vessels

The lifting of western sanctions means shipbuilding orders can again be placed by Iran (See Inside report). NITC Managing Director Mr Ali Akbar Safaee said: “The removal of the sanctions will provide good conditions for Iranian oil tankers, allowing them to expand their operations in Europe.” He added: “The yard negotiations are currently underway but have not been finalised yet. But the National Iranian Tanker Company is planning to enter this market.” Yards were not named.