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Saturday, July 21, 2018

Maersk Tanker Unit to Wind Down Customer Agreements in Iran

Maritime Activity Reports, Inc.

May 16, 2018

Photo: Maersk Tankers

Photo: Maersk Tankers

Danish oil product tanker operator Maersk Tankers, part of shipping group A.P. Moller-Maersk, said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran.

"We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions," the company said in an emailed statement.

"We are closely monitoring developments and assessing the potential impact on our activities while staying in dialogue with our customers to inform them in case of changes," Maersk Tankers said.

Maersk Tankers operates 161 product tanker vessels worldwide.

Danish oil product tanker operator Torm announced on Tuesday it would stop taking new orders in Iran.

Reporting by Emil Gjerding Nielson

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