Tag Archives | shipping

Iran Offers India Oil Cargo Insurance, Ships

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second-biggest oil client. Several refiners in Asia, Iran’s key market for oil sales, are gradually reducing the amount of […]

French Shipping Group to Pull Out of Iran

By John Lee. French-based shipping group CMA CGM has announced that it is ceasing its Iranian operations, following the threat from the US to blacklist companies doing business with Iran. CMA CGM Chief Executive Rodolphe Saade is quoted as telling a press conference: “Due to the Trump administration, we have decided to end our service […]

Shipping Giant to cease Iran Business

By John Lee. Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions. Chief Executive Soren Skou is quoted as saying: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have […]

New Ships Reduce Average Age of Iran’s Fleet

The ten container ships Iran has purchased from South Korea will pull down the average age of the country’s fleet of cargo ships by four years, an official announced. CEO of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said Iran will take delivery of the first South Korean container ship in the […]

Iran, Kazakhstan set up Joint Shipping Company

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade. Iran and Kazakhstan’s state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told the Tasnim […]

Cargo Line Opened between Qatar, Turkey via Iran

Qatar has opened a land and sea cargo line with Iran and Turkey in a bid to reduce the Arab country’s cargo shipping costs by 80 percent, a report said. Former editor-in-chief of Qatar’s al-Sharq newspaper, Jaber Al-Harmi, said via twitter that the Persian Gulf Arab state has opened a land and sea cargo line […]

RIPI Inks Deal with NITC for Marine Fuel Optimization

The Research Institute of Petroleum Industry (RIPI) has signed a deal with the National Iranian Tanker Company (NITC) for developing optimum bunker fuel used to feed bunkers and vessels. The deal requires RIPI to assess novel methods and develop of state-of-the-art techniques for improving and promoting quality of bunker fuel and reducing pollutants. Hamid Reza […]

NITC ‘Closely Looking’ at 1st Post-Sanctions VLCC Orders

Managing director Siroos Kianersi says any contracts would be for renewal not growth at a time when the owner has opened the door for ‘the right pool partners’. 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 […]

Taiwan Shipping Line Yang Ming Halts Services to Iran

Taiwan’s Yang Ming Marine Transport Corp is halting its container service to Iran due to fears of being punished by the US government. An executive with Keelung-headquartered Yang Ming said the firm had “ceased direct services to Iran on concerns of rising tensions there”. “We took into consideration the recent sanctions against Iran as well […]

IRISL signs MOU with Kamigumi, Suzue

By John Lee The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly signed a memorandum of understanding with the Japanese logistics and transport companies Suzue and Kamigumi, covering the construction of dry ports in Iran and investments in Iranian ports. According to Tehran Times, the MOU will become operational after conducting the required studies and […]

German Forwarders in Iran Venture

German-based M&M Militzer & Münch GmbH and Andreas Schmid Logistik AG have established a joint venture for international cargo transport. Starting May 1st, the joint venture under the name MMAS Eurasia Logistics GmbH will offer regular services to Iran and the Maghreb region. Dr. Lothar Thoma, CEO M&M Militzer & Münch International Holding AG, said: […]

First Ship from South Korea Next Year: Official

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) announced that according to a deal to buy 10 giant ships from South Korea, the delivery of the first ship will take place in March 2018. Mohammad Saeedi said the first 14,500 TEU container ship built by South Korea’s Hyundai Heavy Industries Co. […]

Global Shipping Insurers to Cover Iran’s Oil without US

Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month, a report said. An official in London told Reuters that global shipping insurers will provide cover to Iran’s oil exports without involving US-domiciled reinsurers. “There will be no US-domiciled reinsurer participation on the 2017 IG reinsurance […]

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]

IRISL and Kazakhstan to Establish a Joint Company

By John Lee. The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- have signed an agreement to establish a joint company. On the sideline of Iran’s president visit to Kazakhstan, an agreement for establishing a joint company between Islamic […]

Iran to buy 10 Ships from S Korea

The Islamic Republic of Iran Shipping Lines (IRISL) and South Korea’s Hyundai Heavy Industries Co. are expected to sign a major contract whereby Iran will buy ten ships from the major South Korean shipbuilding company. Under the expected contract, valued at US$650 million, with IRISL, Hyundai will build four 14,400 TEU container ships and six […]

Iran, Oman Launch Passenger Shipping Line

Iran and Oman launched the first direct passenger shipping line between the southeastern port city of Chabahar and Oman’s capital of Muscat, an Iranian deputy minister announced. The first shipping line for maritime travels between Iran and Oman was inaugurated at Chabahar on Wednesday in a ceremony attended by Roads and Urban Development Minister Abbas […]

Maersk Line Returns To Iran

By John Lee. Danish-based shipping company Maersk Line has announced that it will be resuming service to Iran following a five-year break. Christian Juul-Nyholm, Managing Director of the UAE branch of Maersk Line, said: “Global container trade has matured over the past years and is growing at a slower pace. Iran has the potential to […]

Major Shipping Lines Return to Iranian Ports

By John Lee. The Deputy Managing Director of Iran’s Ports and Maritime Organization (PMO), Jalil Eslami, has said that of the 22 international lines that were active in Iran before sanctions were imposed, 14 of them have resumed their activities in recent months, while eight more have said they intend to do so. They are […]

SCI to revive JV with Iran Shipping Firm

By John Lee. The Shipping Corporation of India (SCI), the country’s largest shipping company, is said to be in talks with its 40-year-old Iranian joint venture partner Islamic Republic of Iran Shipping Lines (IRISL) to work out a business model that can open new geographies for trade for the former. Business Standard News reports that […]