06-08-08 Managing director of the National Iranian Tanker Co. says the firm will be the world's third largest energy shipping company in 3 years.
Currently the Norwegian Front Line with 80 oil vessels and a capacity of 18 mm tons has the first rank followed by Japanese Mitsui O.S.K. Lines with 15 mm tons.

The National Iranian Tanker Company (NITC) is the fifth largest energy shipping company but the completion of projects currently underway, including orders for building new vessels by 2011, will bring the country's fleet capacity to 14,111, making NITC the third largest energy shipping company, said Mohammad Suri.
Iran will receive four of its ordered vessels in the first four months of 2009 while the remaining 10 vessels will be delivered between 2010 and 2011. The current capacity of Iran's energy fleet is 9 mm tons and the average age of the vessels is six years, Suri added.

NITC transports Iranian crude to export markets and is also responsible for the distribution of oil products to Iranian ports and island ports as well as to islands located in the Persian Gulf.
The company operates the largest tanker fleet in the Middle East.