Shipowning giant National Iranian Tanker Co (NITC) is exploring the potential for placing its first VLCC newbuilding orders since the easing of international sanctions, says managing director Siroos Kianersi.

He also has opened the door for possible consolidation in the VLCC market via pool partnerships with other shipowners and operators.

Kianersi, who was in Oslo this week for Nor-Shipping alongside colleagues from the Tehran-based shipowner, says the company is mindful of the growing tanker orderbook and any newbuilding move would be to replenish rather than enlarge NITC’s owned fleet.