ShippingWatch

Iran gets new supertankers from China

Iran has taken delivery of four new VLCCs in the last few months, and the country's state-owned shipping company badly needs the ships as sanctions against Iran are hurting the country's oil export.

Photo: Stoc Tankers

In recent months, the Iranian government has taken delivery of a series of new tank ships, and the country is increasingly depending on these ships as foreign shipping companies hass turned their back against Iran due to western sanctions against the country.

So far, the US and the EU's trade boycott has cut Iran's oil export in half from the previous level of around 2.2 million barrels per day, which is costing Iran billions of dollars in lost revenues.

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