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Terminal News

Iran confirms supertanker for 90-day crude storage

National Iranian Tanker Company (NITC), a subsidiary of state-owned oil firm National Iranian Oil Company (NIOC), has booked a VLCC for delivery in June Iran has booked a supertanker to store up to 270,000 tonnes of crude oil for up to 90 days, adding to the more than 28 million barrels of oil floating outside its main export terminal. National Iranian Tanker Company (NITC), a subsidiary of state-owned oil firm National Iranian Oil Company (NIOC), has booked the Very Large Crude Carrier (VLCC) Universal Prime for delivery into the Middle East during June 3-6. 'They are taking the vessel for 90 days, and they are still floating their inquiry in the market, requesting more tonnage for the purpose of storage,' a shipping source familiar with NITC's tonnage inquiry said. Iran has 13 VLCCs being used for floating storages. The double-sided, single-hulled crude oil tankers, owned and operated by Singapore-headquartered Tanker Pacific, were booked for about $44,000 (€27,900) each.
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