NITC says shipments to Europe Increasing

By John Lee.

A senior executive at the National Iranian Tanker Company (NITC) has said its shipments to Europe are increasing daily, and the company plans to upgrade its fleet to support further expansion.

Mohammad Reza Shams Dolatabadi told Reuters on Monday that the NITC plans to replace some of its older tankers with new vessels.

He added that the company also intends to buy tankers for liquefied natural gas (LNG), marking a new direction for the company.

(Source: Reuters)

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