TAG-KS will also supply the stations with new computers and other office equipment, in addition to holding training sessions for the MoICT and NITC
New Delhi turned to the NITC
fleet after most insurers and reinsurers had begun winding down services for Iran, wanting to avoid falling foul of the sanctions given their large exposure to the United States.
In July, all 17 tankers chartered to carry oil from Iranto China were operated by NITC
, according to shipping data on Thomson Reuters Eikon.
Safaei said NITC
is now trying to obtain the most competitive insurance rates.
Even though 90 percent of the NITC
fleet is currently used for exporting Islamic Republic's oil, Sardashthi said, the company is ready to return to the European markets since there is no technical or functional barrier that inhibits the fleet from sailing in the waters of Europe, the Shana news agency reported .
Speaking at an NITC
meeting, Safaei said "a five-year strategic plan as well as an investment program has been approved for the new Iranian calendar year (began March 20) which specify NITC
's approach in all sectors."
Recent data from the IHS Maritime show that four supertankers, each with a maximum carrying capacity of 2 million barrels, joined NITC
's fleet between May and the end of July.
They urged the departments of State and Treasury to seriously consider sanctioning registries that knowingly participate in efforts to reflag oil tankers and cargo tankers operated by NITC
and the Islamic Republic of Iran Shipping Line, or IRISL.
government, Cambis, president of Impire Shipping, "helped the National Iranian Tanker Company (NITC
) obtain eight tankers in late 2012." "U.S.
The Baikal, part of top Iranian tanker operator NITC
's fleet, had been anchored off the Greek island of Syros since Monday, AIS vessel tracking data showed.
A European analyst in Tehran noted that the 40 tankers in Iran's fleet owned by the NITC
, formerly known as the National Iranian Tanker Company, each had a long-distance capacity of up to two million barrels of oil.
Lloyd's Register told Reuters in April it had stopped assessing around 60 tankers and container ships owned by the National Iranian Tanker Company (NITC
) and Islamic Republic of Iran Shipping Lines (IRISL) following pressure from the United States.