Oil Rich Iran To Unleash Its Fully Laden VLCC Fleet


With the reversal sanctions imposed on Iran by the six world powers in Vienna, in exchange for providing unrestricted access to its nuclear sites, Iran will soon unleash its tanker fleet of fully laden Very Large Crude Carriers into international waters.

Trumpet-22.07.15.jpgImage credit : VesselsValue

Since March, shipping and maritime sources have observed a gradual build-up of fully laden Iranian VLCCs outside the main Gulf terminal of Kharg Island and also the port of Assaluyeh.  Industry analysts are trying to predict how the additional fleet could influence the market conditions.

In today’s Infographic, prepared by VessesValue, Iran’s VLCCs fleet comprises of 25 vessels with a total value of $1,449 million, amounting to 7.7 million DWT.  This is equivalent to 56.7 million barrels of crude oil. As depicted in the infographic, Iran is the  world’s 5th largest owner of laden VLCCs.