Shipping Sanctions Beckon Once More After Trump Withdraws U.S. from Iran Nuclear Deal

By Gavin van Marle (The Loadstar) - Shipping lines serving Iran have a six-month window to leave or cease their operations in the country, following Donald Trump’s announcement yesterday that the US is withdrawing from the Joint Comprehensive Plan of Action (JCPOA), which in 2015 agreed to lift economic sanctions on Iran in return for the country ending its nuclear weapons … [Read more...]

Iran Shipping Lines Sees Business Back to Normal in 2017

By Nikolaj Skydsgaard COPENHAGEN Oct 27 (Reuters) - Container shipping firm Islamic Republic of Iran Shipping Lines (IRISL) expects to have regained by the middle of next year the business lost while Iran was subject to international sanctions, its chairman said on Thursday. International sanctions were lifted in January following an agreement with world powers on … [Read more...]

EU Court Rules to Lift Sanctions Against Iran’s IRISL

By Justyna Pawlak and Jonathan Saul BRUSSELS/LONDON, Sept 16 (Reuters) - The European Union's efforts to impose economic sanctions on Iran suffered a new setback on Monday when a top court ruled that measures against the Islamic Republic's biggest cargo carrier should be lifted. The ruling by Europe's second-highest court follows similar decisions in favour of some dozen … [Read more...]

Archer Daniels Midland Mistakenly Uses Iranian Ship to Transport Grain

By Jonathan Saul LONDON, March 4 (Reuters) - Archer Daniels Midland Co unwittingly used a vessel controlled by a sanctioned Iranian shipping firm last year to transport grain, in what it said was an effort by Tehran to hide the ship's ownership. The Islamic Republic of Iran Shipping Lines (IRISL) has faced Western and U.N. sanctions for years based on accusations of … [Read more...]