3 October 2015 - 13:57
  • News ID: 247782
National Iranian Tanker Company to Return to Export Markets

TEHRAN Oct. 3 (Shana) – The National Iranian Tanker Company (NITC) is set to sail to global markets again as conditions are better prepared for Iran’s access to the new transactions following the nuclear agreement, the company’s CEO said.

“Several preparations are made for returning to the international and European markets. Relying on our standards, our fleet can enter new markets and achieve the planned objectives,” Ali Akbar Safaei told Shana.

“Our post-sanction planning is divided into minor and major programs in the short, mid, and long terms,” he explained. The plans include access to the lost markets as well as expansion of the NITC fleet by introduction of new vessels.

Safaei said the company has largely benefited from the visit by Asian and European delegations to Iran after the nuclear agreement between Iran and the P5+1 group of world powers in July.

NITC transports Iranian crude to export markets and is also responsible for the distribution of oil products to Iranian ports and island ports in the Persian Gulf. 

The company, which operates the largest tanker fleet in the Middle East, also acts as an independent entity in contracts with foreign concerns for crude oil transportation based on prevailing international freight rates.

NITC, in observance of IMO (International Maritime Organization) regulations, has a huge project for replacing tankers, including the construction and purchase of 25 tankers with the total capacity of 6 million tons.

In recent years, NITC has taken great steps towards accomplishing enhanced management systems, maritime safety and transport, the results of which have been achieving an array of awards obtained including ISO 9002, ISO 14001 (for management), PMS (for maintenance and repair system), STCW (for maritime supervision systems) and ISMC (for maritime safety management).

NITC shares have recently been offered to private sector.

News ID 247782

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