Tag Archives | shipping

Tehran, Moscow Consider Rail Link to Challenge Suez

Russia’s transport minister, Maxim Sokolovm, said Tehran and Moscow are considering establishing a rail link that would foster trade connectivity through a less trodden path than the Suez Canal. “If the rail link to Iran is built, it can take some share of the cargo that’s being transported via Suez,” Sokolov said in an interview […]

Iran, Norway sign MoU for Shipping Cooperation

A memorandum of understanding was signed between Islamic Republic of Iran Shipping Line (IRISL) and the Norwegian classification institute of DNV GL at IRISL headquarters in Tehran. Among the main objectives of this memorandum of understanding was performing legal audits for issuing international certificates for ships to enable them to transport to European Ports and […]

Japan’s ClassNK Re-Opens Tehran Office

Japanese classification society ClassNK has resumed operations in Iran with the reopening of its Tehran Office and agreements with the Iranian Classification Society (ICS) and Ports and Maritime Organization (PMO), Ministry of Roads & Urban Development of Iran. ClassNK originally opened its Tehran Office back in December 2009 but closed the office in 2012. In light […]

Iran to Launch Regular Shipping Line to Japan

The Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeidi, said the country plans to establish a regular shipping line to Japan in the near future. Addressing a ceremony in Tehran, Saeidi pointed to the removal of sanctions in January, saying that during the sanctions era there was only one active […]

Iranian Tankers to Resume Shipping Oil to Europe

The commercial director of the National Iranian Tanker Company (NITC) has said that the company’s fleet will return to European ports next month after a hiatus of five years. The NITC, which has one of the largest fleets of oil tankers in the world, is in talks with credible international associations of classification societies to […]

Iranian Shipping Reinsurance raised to $580m

Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil, resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions. The International Group of Protection and Indemnity (P&I) Clubs has raised the reinsurance level for shipping Iranian crude to a maximum of $580 million per tanker, […]

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) […]

Iran, Germany to set up Joint Shipping Line

By John Lee. A German company intends to set up a joint shipping company with Iran. The Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL), Mohammad Saeedi (pictured), signed a Memorandum of Understanding (MoU) with the owners of German shipping company PWL Group during a visit to Hamburg. Under the agreement, PWL […]

Saudi-backed Shipping Line Resumes Iran Business

By John Lee. The United Arab Shipping Company (UASC) said on Wednesday it had “started accepting shipments to and from Iran,” according to a report from Reuters. The company, which suspended all Iran business in April 2013, is owned by the governments of the United Arab Emirates (UAE), Bahrain, Saudi Arabia (35%), Kuwait, Qatar (51%) and […]

MSC Shipping Line Returns after 6 Yrs

The world’s second-largest shipping line has returned to Iran after a break of more than six years. Swiss-based Mediterranean Shipping Company (MSC) docked its MSC Domitille at the Iranian port of Shahid Rajaee on Thursday on its way from Shanghai. MSC ships are now scheduled to dock at the Iranian southern port every week. (Source: […]