A VLCC for NITC under construction at Dalian in China.
The National Iranian Oil Tanker Co (NITC) is planning to splash out close to $3bn to build 40 tankers over the next five years.

NITC's general planning manager A Taaghol tells TradeWinds the company needs to build 10 LNG ships, 10 VLCCs, four suezmax tankers or around 160,000-dwt each, and 16 chemical carriers over the five year period.

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