Iran, Singapore eye Joint Tanker Line

By John Lee.

The Islamic Republic of Iran Shipping Lines (IRISL) has signed a major cooperation agreement with Singapore’s Pacific International Lines (PIL), which could to lead to the development of a major tanker service for shipping oil products and petrochemicals from East Asia to as far as West Africa.

IRISL chief Mohammad Saeidi (pictured) has also been quoted by Iranian media as saying that IRISL’s current fleet includes 160 container vessels, dry bulk carriers and tankers ships with a capacity of over 5 million TEUs, which the company plans to expand.

Once it has built up a sufficient capacity, IRISL plans to forge an alliance with the world’s top 15 container operators which control the busiest trade routes by sharing vessels, networks and port calls.

(Source: PressTV)

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