Iranian oil tankers to be back to European ports

A senior industry official Nasrollah Sardashti announced that Iranian oil tankers will resume activities in European ports next month.

The resumption of activities is happening after five years, he said.

Since one and a half year ago and before implementation of the Joint Comprehensive Plan of Action (JCPOA) on January 16, National Iranian Tanker Company (NITC) as the world's largest fleet of super tanker made endeavors to be prepared for restart of its activities in the European markets. 

Iran has also set its activities in the Protection and Indemnity insurance, commonly known as P&I, which is insurance in respect of third party liabilities and expenses arising out of the ownership or operating of ships, he added.

He stressed that exports of Iran's oil has been doubled since removal of sanctions.

The official further said Iran has increased its capabilities in gas transport on the seas by having several VLGCs (Very Large Gas Carrier).

In sanctions era, international insurance companies did not insure the Iranian oil tankers, so the tankers were not able to go back and forth in all world ports, he said.