Marine Link
Friday, October 16, 2026

NITC Claims Exemption from EU Insurance Ban

Maritime Activity Reports, Inc.

June 16, 2011

According to a report from Bloomberg, NITC Co., an Iranian shipowner with a fleet of 45 tankers, said its vessels are exempt from a ban that prohibits European Union-based insurers from covering companies based in the country.

 
Source: Bloomberg
With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
Read the Magazine

Rossi EP Winch: a new approach to winch gearbox design.

Shipyard in Focus

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week