Monday, July 10, 2017
nitc tanker
Maritime News

Iranian Tanker Company NITC Says Oil Shipments to Europe Increasing

By Can Sezer ISTANBUL, July 10 (Reuters) – NITC, Iran’s leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and the company plans to upgrade...

July 10, 2017
Total Views: 32

Wednesday, November 11, 2015
Maritime News

Iran to Face Bumpy Re-Entry Into Global Oil Tanker Market

By Jonathan Saul LONDON, Nov 11 (Reuters) – Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the vessels can...

November 11, 2015
Total Views: 8

Wednesday, March 25, 2015
mt seeb vlcc nitc
Maritime News

Iran Has a Little Surprise for Oil Market That’s Ready to Ship

Lifting oil sanctions on Iran could hit global markets long before the nation starts pumping more crude.

March 25, 2015
Total Views: 2

Monday, January 5, 2015
Maritime News

Iran ‘Won’t Give In’ After 60% Decline in Crude Oil Exports

Iran’s oil exports have fallen 60 percent to 1 million barrels a day, the Tehran-based Shargh newspaper reported, citing comments by Oil Minister Bijan Namdar Zanganeh.

January 5, 2015
Total Views: 1

Tuesday, October 7, 2014

EU Sanctions On Iran’s NITC Annulled, Lawyer Says

By Jonathan Saul LONDON, Oct 7 (Reuters) – European Union sanctions on Iran’s main oil tanker firm NITC have been annulled after the EU failed to appeal against a court...

October 7, 2014
Total Views: 0

Monday, July 14, 2014
mt seeb vlcc nitc
Maritime News

NITC Still Faces Sanctions After EU Blacklisting Annulled

Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union.

July 14, 2014
Total Views: 2

Thursday, May 8, 2014
Maritime News

Iran Oil Minister Completely Ignores Crude Export Limit Set in Nuclear Deal

By Golnar Motevalli and Anthony DiPaola May 8 (Bloomberg) — Iran will export crude oil at the maximum level possible, regardless of restrictions imposed in an interim deal that offered...

May 8, 2014
Total Views: 2

Tuesday, January 28, 2014
Maritime News

Tehran Looks for Foreign Investment as Iranian Tankers Restart Crude Shipments

The National Iranian Tanker Company (NITC) is poised to carry crude oil to Asian buyers in its own vessels as sanctions ease following the implementation of Iran’s nuclear deal with...

January 28, 2014
Total Views: 0

Sunday, December 15, 2013
national iranian tanker company

Reactivating the National Iranian Tanker Company Fleet, and Its Negative Impact

For the tanker market, the breakthrough in Iranian talks in November will have a significant impact on the VLCC tanker market. For curtailing its nuclear activities, Iran will benefit from approximately $7 billion in...

December 15, 2013
Total Views: 24

Monday, November 25, 2013
mt seeb vlcc nitc

Iran Taps Tanker Shipping Network To Tackle Unsold Oil Glut

Iran is quietly mobilising more ships to store and transport oil, aiming to keep its fields working and mitigate losses of several billion dollars a month from sanctions which remain in place for at least another six months...

November 25, 2013
Total Views: 11

Thursday, August 8, 2013
national iranian tanker company

Iranian Supertanker Fleet Seen Expanding Fleet Amid Sanctions

Aug. 8 (Bloomberg) — NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions related to the nation’s nuclear program that...

August 8, 2013
Total Views: 4

Monday, March 18, 2013
national iranian tanker company

Iran’s NITC Replaces Tanker Boss

By Jonathan Saul LONDON, March 18 (Reuters) – Iran’s NITC has replaced Hamid Behbahani, a former minister and ally of President Mahmoud Ahmadinejad, as head of the state tanker company,...

March 18, 2013
Total Views: 6

Tuesday, February 26, 2013
Leycothea tanker vlcc

Iran Said To Deploy Ageing Foreign Tankers to Avoid Sanctions

By Jonathan Saul LONDON (Reuters) – Iran is using old tankers, saved from the scrapyard by foreign middlemen, to ship out oil to China in ways that avoid Western sanctions,...

February 26, 2013
Total Views: 1

Thursday, February 7, 2013

Amid Growing Sanctions, Iran Expands its Fleet of Supertankers

By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining oil exports in the face of Western...

February 7, 2013
Total Views: 1

Tuesday, October 16, 2012

US and EU Look to Plug Loopholes in Iran Shipping Sanctions

LONDON–The U.S. and the European Union are looking to close loopholes in sanctions designed to impede Iran’s oil exports after it emerged that Tehran is secretly using offshore tax havens...

October 16, 2012
Total Views: 1

Wednesday, September 26, 2012

Iranian Tanker Company Says They Are Not a State Company, US Treasury Throws the BS Flag

LONDON–A manager with the National Iranian Tanker Co. rejects U.S. claims that the oil transport company is a state company and says it should not be sanctioned as one. Shahram...

September 26, 2012
Total Views: 16