CMA CGM has signed a landmark deal with the Islamic Republic of Iran Shipping Lines (IRISL) for the expansion of its presence in Iran, the French government said.
Reuters reports that the agreement, which signed during a visit to Paris by Iranian President Hassan Rouhani, covers vessel capacity sharing, joint operating of routes, and cooperation in using port terminals.
Cooperation would focus on sharing capacity between CMA CGM and IRISL’s vessels, the French group said in a separate statement, adding that the agreement was subject to other sanctions that are still in place.
CMA CGM and Evergreen of Taiwan were the first to resume direct services to Iran last August.
The deal comes following the economic sanctions lifting against Iran earlier this month, as the country has met all the necessary steps to start the implementation of the Joint Comprehensive Plan of Action.
