Islamic Republic Of Iran Shipping Lines News

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the latest in a series of measures aimed at stepping up pressure on Tehran in the waning days of President Donald Trump's administration, which ends on January 20.U.S. Secretary of State Mike Pompeo said Washington had sanctioned seven companies, including Chinese-based Jiangyin Mascot Special Steel Co.

The United States on Monday said it blacklisted two Chinese men and six Chinese entities for having dealt with Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) and, in some cases, helping it to evade U.S. sanctions.The U.S. State Department named the entities as Reach Holding Group (Shanghai) Company Ltd.; Reach Shipping Lines; Delight Shipping Co., Ltd.; Gracious Shipping Co. Ltd.; Noble Shipping Co. Ltd.; and Supreme Shipping Co. Ltd.In a statement, it also said it had targeted Eric Chen…

Earlier this year, The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a new advisory to provide those engaged or involved in trade in the maritime industry with further information and tools to counter illicit shipping and sanctions evasion.The advisory is representative of the U.S. Government’s increasingly detailed efforts towards addressing these issues, as illustrated by OFAC’s recent sanctions actions which show a trend of incremental but clear extension of oversight.

U.S. sanctions imposed on Iran's shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction.U.S. Secretary of State Mike Pompeo in a statement on Monday warned commercial and maritime industries, governments and others that they risked U.S. sanctions if they did business with the Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping…

A who’s who list of maritime industry executives have signed on to voice their support for a zero-carbon future in shipping.The not-for-profit foundation the Global Maritime Forum brought together a group of 34 CEOs and industry leaders from across the global maritime sector to sign a call for action and lead the industry in a transition toward decarbonization.To achieve this, these leaders believe the maritime industry needs to accelerate both technological and business model innovation…

The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran", adding that they would "conclude this period with the minimum disruption" to their customers' business. "While MSC is not accepting bookings for shipments originating from Iran, or destined to Iran, we will continue to carry certain legally acceptable cargoes during the wind-down period, notably for importation of foodstuffs," Switzerland-based MSC said in its note.

The world's top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.The 2015 agreement, worked out by the United States, five other world powers and Iran, lifted sanctions on Tehran in exchange for limits to its nuclear program.U.S. President Donald Trump also instructed his administration to re-impose U.S. sanctions after a winding down period."MSC is reviewing its services…

Iran and Kazakhstan established a joint shipping company to boost trade, said the managing director of the Islamic Republic of Iran Shipping Lines (IRISL).   Mohammad Saeedi told Tasnim News Agency that Iran and Kazakhstan's state-owned railroad companies had established the joint shipping company to connect Central Asia to southern Iran.   The IRISL chief said the head office of the firm is in the Iranian port city of Bandar Anzali and a representative office will be also established in the Kazakh port city of Aktau.   In April 2016, Iran and Kazakhstan signed an agreement on the establishment of the joint shipping company in the presence of their presidents in Tehran.

An Iranian oil tanker has called at a European port for the first time since the lifting of sanctions last January, IRNA news agency reported quoting Sirous Kianersi,  managing director of the National Iranian Tankers Company (NITC). Sirous said that the first NITC tanker leased to a major Spanish oil company docked at the Port of Algeciras just recently. More NITC tankers are heading to other European ports, he said, adding two vessels are currently en route to the Netherlands. Meanwhile, the Financial Tribune Daily said that The Islamic Republic of Iran Shipping Lines (IRISL) is launching a new service that will connect Iran to the French port of Le Havre.

Starting February 2017, HDASCO Line provides a new commercial offer between HAROPA – Port of Le Havre and many Iranian and Iraqi ports. HDASCO Line (Hafez Darya Arya Shipping Company), also named HDS lines, is the Iranian national shipping company specialized in container transport and a subsidiary of IRISL Group (Islamic Republic of Iran Shipping Lines). This new service offers very competitive transit times: 19 days between Le Havre and Bandar Abbas for example. It will call at the following ports: Bandar Abbas, Asaluyeh, Bandar Iman, Khomeini, Busher and Khorramsharh in Iran and the port of Um Qasr in Iraq. The service will also call ports of: Malta/Khor Fakkam/Jebel Ali/Xingang/Busan/Qingdao/Shanghai/Ningbo/Yantian/Port Kelang.

A large portion of Iran’s shipping fleet has regained Protection & Indemnity (P&I) insurance from Steamship Mutual, reports Mehr News Agency. Steamship Mutual, said in a statement that a considerable number of Iranian vessels have taken out insurance form the company. "We are pleased to observe return of Iranian directors to the board of one of the largest and most diverse P&I Clubs in the world,” Jonathan Andrews, Director & Head of Eastern Underwriting in Steamship Mutual, said. Steamship Mutual was the main and most favorable insurer of Iran’s shipping fleet, prior to imposition of sanctions against Iran in 2009. Islamic Republic…

Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced on  that it signed contracts, financed by Korean financiers to build 14,500 TEU class containerships and 49,000 DWT product/chemical carriers with Islamic Republic of Iran Shipping Lines (IRISL), one of the biggest shipping companies in the middle east. The negotiations for these contracts commenced in December 2015 with mutual good will and a series of constructive meetings in Seoul and Tehran, resulted in conclusion and signing of the contracts on December 9, 2016 in Seoul. In addition to the contracts, HHI plans to discuss and pursue technical cooperation to develop the shipbuilding industry of Iran with a local Iranian shipbuilder at the request of IRISL.

South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran's state-owned shipping company, South Korea's Yonhap News Agency reported on Saturday, citing a Hyundai Heavy spokesman. The company will build container ships and tankers for Islamic Republic of Iran Shipping Lines, with delivery starting in 2018, Yonhap cited the spokesman as saying. The number of each type of ship was not disclosed. The deal was signed on Friday and was the first shipbuilding order by the Iranian firm since the lifting of international sanctions, Yonhap said. A Hyundai Heavy spokesman declined to comment when contacted by Reuters. (Reporting by Hyunjoo Jin; Editing by Christopher Cushing)

Hyundai Heavy Industries Co. (HHI), a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, says a report in Yonhap. The contract, valued at USD650 million, will see Hyundai supply the Islamic Republic of Iran Shipping Lines, (IRISL) with four 14,400 TEU container ships and six 50,000 DWT product tankers, the Korea Herald reported. The vessels are expected to be delivered to Iran in the third quarter of 2018. If signed, the contract will be Iran's first deal with a foreign shipbuilder since the lifting of international sanctions on the Middle Eastern nation. Iran is seeking a series of ship-related contracts via the IRISL to handle increasing trade cargo. Yonhap reported that Hyundai officials were cautious about the matter.

Container shipper Islamic Republic of Iran Shipping Lines (IRISL) Chairman Mohammad Saeidi expects the firm to have recuperated by the middle of next year the business lost while Iran was subject to international sanctions. "Step by step the problems have been resolved, removing many restrictions and limitations," since the sanctions were lifted, he told Reuters in an interview at a shipping conference in Copenhagen. He added that he hoped to see remaining limitations on dollar transactions removed after the U.S.

India's government owned Shipping Corp. of India Ltd (SCI) plans to revive a 40-year-old joint venture with an Iranian company after a gap of 4 years, reports Bloomberg. The recent removal of anti-Tehran sanctions opened the way for resuscitating Irano Hind Shipping Co., which potentially offers access to Central Asian markets such as Kazakhstan, SCI Chairman B. B. Sinha said. “We don’t want this company to just die out,” he added as cited by Bloomberg. SCI is struggling for respite from an industry downturn. SCI holds 49% stake of the Iranian joint venture firm, Irano Hind Shipping, while Islamic Republic of Iran Shipping Lines controls the rest. The company was founded in 1974 and is based in Tehran, Iran.

THE Incheon Port Authority said a regular container service connecting the port directly to the Middle East has been launched for the first time, backed by the Islamic Republic of Iran Shipping Lines (IRISL). According to MANA,The Iranian state-run IRISL will deploy its 5,100-teu vessel Touska in the Middle Eastern route, named HDM Loop, it said in a statement. Two containerships of 5,100 teu capacity each will be put in operation, along with four 6,500 teu container carriers. No other details on the six vessels were provided. The seven vessels will enter Incheon New Port at fortnightly intervals, the IPA said. Incheon New Port was partly opened in June last year.

Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and the oil producer Iranian Offshore Oil Company (IOOC). The Korean companies involved in the case are Hyundai Mipo Dockyard, which is a subsidiary of shipbuilding giant Hyundai Heavy Industries Group, as well as Daewoo Shipbuilding and Marine Engineering Company. It has signed a memorandum of understanding with Hyundai Mipo Dockyard, a subsidiary of shipbuilding company Hyundai Heavy Industries Group, for as many as 10 petroleum-product tankers and at least six so-called handysize bulk carriers.

According to WSJ report, deals involving Cosco, China Shipping, CMA CGM and Neptune Orient Lines to bring major changes in global shipping alliances. China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line, and Islamic Republic of Iran Shipping Lines, according to sources in the Chinese shipping industry. According to the Alphaliner, CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings. CMA CGM’s plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance.

South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown. According to  IRNA, the head of South Korea Maritime Institute Sang Gui Kim voiced his country's readiness for investment in Iran's ports and shipping industry. Sang Gui Kim told reporters on the sidelines of Iran-South Korea Economic Conference in Isfahan. Sang Gui Kim said that Iran boasts of high capabilities in the oil and gas sectors and South Korea can cooperate with Iran on building ships, maintenance and repair of naval fleet and preparing ports for operation. He announced that South Korean cabinet members will visit Tehran in the coming months.

Iran all set launch a shipping line to Europe, North and South American countries, as sanctions against Iran’s shipping industry has been recently lifted. The Islamic Republic of Iran Shipping Lines (IRISL) has resumed its routes to various destinations across Europe, says IRISL managing director Mohammad Saeedi. According to Tehran Times, Iran’s shipping lines to Europe had been cut for seven years under the western-led sanctions against the country, but shipping lines to Homburg in Germany, Antwerp in Belgium, and Genoa in Italy are now re-connected thanks to the removal of sanctions, he said. He also said the country plans to launch a shipping line to South American countries, as sanctions against the shipping industry have been lifted.

Korean Register (KR) – an IACS member classification society - has signed a Memorandum of Agreement to establish a joint venture company with the Iranian Classification Society (ICS). The agreement is to deliver plant facility certification and engineering services. This is a growing market, with demand for plant project and industry safety inspection services expected to increase significantly over the next five years. The company will be called the ‘Iran-Korea Technology Assurance Company’, with 50-50 capital investment from KR and ICS. It will be fully operational in 2017. KR established a branch office in Tehran in 2010 but sanctions meant that the society suspended most of its services…

Iranian state shipping company IRISL’s new general cargo service makes first call at C. During the first call by its new general cargo service, representatives of state shipping company IRISL – Islamic Republic of Iran Shipping Lines – joined staff of the Peter W. Lampke shipping agency and Terminal C. Steinweg in welcoming the Captain and crew of the SEVGI on May 17. The new general cargo service will call monthly at Hamburg as the only port in Germany, transporting conventional general cargo in addition to containers. The multipurpose vessels deployed are equipped with shipboard cranes.