NITC Share Rises in International Markets


The National Iranian Tanker Company, the country’s top oil shipping company, has increased its share in international markets by 50% in the past two years, the state-owned company’s managing director said.

“Since January 2016, which marks the lifting of sanctions against Iran’s energy and banking sectors, we have raised NITC’s presence in international markets by about 50%,” Nassrollah Sardashti was also quoted as saying by ILNA on Tuesday.

Referring to the company’s achievements in the past fiscal year (ended March 20), Sardashti noted that NITC joined important shipping associations such as Baltic and International Maritime Council, which is the largest international shipping association representing ship-owners, the International Association of Independent Tanker Owners, that is the association of the owners of independent tankers in the world, and Oil Companies International Marine Forum, a voluntary association of oil companies having an interest in the shipment of crude oil and oil products.

(Source: Financial Tribune)

Sea News, April 11