Iran General NewsTop shipping line Maersk says halts Iran service

Top shipping line Maersk says halts Iran service

-

Reuters: Maersk Line, the world’s biggest container shipping company, has stopped port calls to Iran as Western sanctions pressure on the Islamic Republic mounts, a spokeswoman said on Tuesday. By Jonathan Saul

LONDON (Reuters) – Maersk Line, the world’s biggest container shipping company, has stopped port calls to Iran as Western sanctions pressure on the Islamic Republic mounts, a spokeswoman said on Tuesday.

Many of Iran’s imports, including food and consumer goods, are transported by sea via container and bulker ships.

While food and consumer items are not targeted by sanctions, a growing number of Western firms, especially shipping related companies, are pulling back from trade with Iran due to the complexities of deals, whilst also fearing losing business elsewhere.

“Maersk Line has ceased to call in Iran,” a spokeswoman for the unit of Danish group A.P. Moller-Maersk said.

“This is a pragmatic decision based on an assessment of balancing the benefits of doing limited business in Iran against the risk of damaging business opportunities elsewhere particularly the U.S.”

In recent days Iran’s rial currency has lost about a third of its value against the dollar, emerging as a fault line in Iran’s economy as the country resists foreign pressure over its nuclear programme, denying Western accusations that it is aimed at making weapons.

For Iran’s clerical rulers, who face threats of war from abroad and subdued discontent at home, preventing any destabilizing economic crisis is a pressing concern.

“To date, Maersk Line’s business in Iran has involved transporting foodstuffs and other goods, for example vehicles, for the benefit of the general civilian population. It is with regret that it is ceasing these activities,” the spokeswoman said.

“Maersk Line will maintain a dormant business entity in Iran and will look to resume business should the sanctions regime be eased.”

In 2011 the U.S. blacklisted major Iranian port operator Tidewater Middle East Co, which operates seven terminals in Iran including the biggest container port Bandar Abbas. That led Maersk Line to suspended operations at several ports.

Since 2011, it has called at the small northern Iranian container port of Bushehr. The spokeswoman said Maersk Line halted loading cargo bound for Bushehr on September 30 and stopped loading outbound cargo from Bushehr on September 24.

“Maersk Line ceased its acceptance to all other ports than Bushehr in 2011,” the spokeswoman said. “The discontinuation of services to and from Bushehr unfortunately reflects the difficulties servicing Iran as a whole.”

(Editing by Keiron Henderson)

Latest news

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Must read

Russia and Iran to create major mining venture: report

AFP: Russia and Iran are creating a $1.2 billion...

Perspectives: Britain’s Iranian hostage crisis

Iran Focus: London, Apr. 02 – The following are...

You might also likeRELATED
Recommended to you