Tag Archives | National Iranian Tanker Company (NITC)

Iran Offers India Oil Cargo Insurance, Ships

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second-biggest oil client. Several refiners in Asia, Iran’s key market for oil sales, are gradually reducing the amount of […]

NITC to start Marine Ops at Sunken Tanker

The National Iranian Tanker Company (NITC) CEO says the company has planned to start a series of search operations at the site of Sanchi tanker’s sinking. The Sanchi oil tanker collision occurred on 6 January 2018 when the Panamanian-flagged, Iranian-owned tanker Sanchi, with a full natural-gas condensate cargo of 136,000 tonnes (960,000 barrels), sailing from […]

Rescue Teams to enter Stricken Iranian Tanker

Rescue Teams will enter Stricken Iran Tanker after Blaze is controlled: NITC Firefighting operations to extinguish a burning Iran oil tanker in the East China Sea has begun and rescue teams will enter the tanker as soon the blaze is controlled, National Iranian Tanker Company (NITC) says. Spokesman of an emergency committee of the Iranian […]

Iranian Oil Tanker Continues to Burn: Report

An Iranian oil tanker continues to burn off the coast of Shanghai, days after it collided with a bulk ship and caught fire, a report said. One crew member has been found dead, while 31 others remain missing as firefighters continue to battle the blaze. “Searchers have found the body of one of the missing […]

Iranian Oil Tanker Giving Off Poisonous Gases: NITC Chief

An Iranian oil tanker, which caught fire after colliding with a bulk freighter off China’s east coast, is giving off poisonous gases, hindering rescue work there, the managing director of the National Iranian Tanker Company (NITC) said. Leakage of the poisonous gases have hindered rescue work and cleanup efforts around the oil tanker Sanchi, which […]

NITC awarded EU MRV Monitoring Certificate

The National Iranian Tanker Company (NITC) has been certified by EU’s MRV Monitoring Plan for taking effective environmental measures including monitoring and reporting of its fleet’s CO2 emission, an NITC official said. The company’s technical director and head of the fleet operations, Akbar Jebel Ameli, said NITC won the certificate for properly controlling and reporting […]

Iran “Keen on Keeping Ties” with Norwegian Shipbuilders

An Iranian tanker official says facilitating banking relations between Iran and Norway is a necessity for boosting ties of the two countries in shipbuilding industries, voicing Iran’s keenness to maintain relations with Norwegian shipbuilders. Addressing the Iran-Norway Bilateral Maritime Opportunities conference in Oslo on Thursday, Managing Director of the National Iranian Tanker Company (NITC) Sirous […]

RIPI Inks Deal with NITC for Marine Fuel Optimization

The Research Institute of Petroleum Industry (RIPI) has signed a deal with the National Iranian Tanker Company (NITC) for developing optimum bunker fuel used to feed bunkers and vessels. The deal requires RIPI to assess novel methods and develop of state-of-the-art techniques for improving and promoting quality of bunker fuel and reducing pollutants. Hamid Reza […]

National Iranian Tanker Company (NITC) Presentation

Ali Asghar, advisor to National Iranian Tanker Company (NITC), Arshi discussed the company’s challenges and opportunities at the 22nd World Petroleum Congress in Istanbul on Wednesday. At the beginning of his address, Arshi gas an overview of NITC to the audience, saying the company has more than sixty years of honorable presence in global energy […]

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 […]

NITC ‘Closely Looking’ at 1st Post-Sanctions VLCC Orders

Managing director Siroos Kianersi says any contracts would be for renewal not growth at a time when the owner has opened the door for ‘the right pool partners’. Shipowning giant National Iranian Tanker Co (NITC) is exploring the potential for placing its first VLCC newbuilding orders since the easing of international sanctions, says managing director […]

NITC Seals 70 Deals since Sanctions Eased

The Managing director of National Iranian Tanker Company (NITC) said his company has struck over 70 tanker lease deals since January 2016 when Iran’s landmark nuclear deal was implemented. Sirous Kian Ersi said the deals were cemented with leading international energy companies, adding that most of the companies are based in Europe and Asia. The official […]

Iran Increases Asphalt Production, Seeks Shippers

By John Lee. Iran’s biggest asphalt producer is reported to be planning to boost output by almost 15 percent in the next two years. According to a report from Bloomberg, Hormoz Pasargad Bitumen Products Co. intends to send the increased supply to overseas buyers led by India and the United Arab Emirates (UAE). Managing Director […]

Surge in Iran’s Oil Exports to Europe Post-JCPOA

Iran’s crude oil exports to Europe have increased since a nuclear deal between Tehran and world powers came into effect early last year and terminated all nuclear-related sanctions against the country, reports said. Platts energy news service reported that Iran had sent a total of 63 major crude cargoes to France, Italy, Greece and Spain […]

Resumption of Iranian Oil Exports off to slow start

By Dr. David Ramin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In mid-January, an Iranian oil tanker leased to a Spanish oil company reached Europe. It called at the Port of Algeciras in Spain two days after the one-year anniversary of the implementation of […]

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

NITC Enhancing Business Ties with Int’l Customers

The Managing Director of the National Iranian Tanker Company (NITC), Sirous Kian Ersi, says dozens of foreign customers have signaled keenness to tap NITC’s shipping capacity for carrying crude oil and petroleum products since the sanctions’ removal. He said restrictions regarding classing and insuring NITC fleet by leading international insurers have been eased thanks to […]

Daewoo to set up Iranian Shipbuilding Company

By John Lee. The Industrial Development and Renovation Organization of Iran (IDRO) and Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) have signed Heads of Agreement (HoA) to set up a Joint Venture to develop an Iranian shipyard. The Iranian government has said it will strongly support this business cooperation, and requests the Korean Government […]

Iranian Oil Tankers Leased to Foreign Firms

Iran has leased out dozens of its extra oil tankers to foreign companies since enforcement last year of the Joint Comprehensive Plan of Action (JCPOA) and termination of anti-Iran sanctions, an official said. In an interview with Tasnim, managing director of the National Iranian Tanker Company (NITC) said 30 oil tankers belonging to the company […]

Western Insurers Target Iran

By John Lee. Reuters reports that Iran is in active talks with insurers to provide cover in a market valued at $9 billion last year, and potentially double that in the next decade. This is despite the fact that Iran has secured ties with only a limited number of smaller banks as U.S. sanctions remain […]