Iraqi Oil Tanker Co is one step nearer to a relaunch but this time with plans to look initially to the charter market.

The Iraqi government is once again taking steps to relaunch long-dormant Iraqi Oil Tanker Co (IOTC), although this time it appears that the company will initially focus on the charter markets rather than acquire its own tonnage.

Media reports out of Iraq this week quote Falah Alamri, head of the country's State Oil Marketing Organisation (SOMO), as saying Iraq wants a greater involvement in the shipping aspects of its crude exports as it prepares to boost production from the current 2.5