Tag: Iran

After the US withdrawal from JCPOA, which will reinstate all sanctions that had been previously imposed on Iran, the European Commission took steps to preserve the interests of European companies investing in Iran, on the sidelines of an informal meeting in Sofia, demonstrating the EU's commitment to the Iran nuclear deal.

French energy major Total announced it will not be in a position to continue and take any further commitment related to the South Pars 11 project, following the US withdrawal from the JCPOA, re-imposing the US sanctions that were in force before the JCPOA’s implementation. 

The world’s top two container shipping companies, Danish Maersk Line and Geneva-based MSC, are reviewing their Iran operations, following the US withdrawal from the international nuclear agreement with Tehran. This is expected to have significant implications for shipping trade with Iran and the insurance of this trade.

The cause of the deadly collision between the Iranian tanker 'Sanchi' and the Hong Kong-flagged bulk carrier ‘CF Crystal’ off China earlier in 2018 was probably the latter's veering to the right some minutes before the incident, according to investigation conclusions.

USNI news informed that the Iranian drones in the Persian Gulf and other critical waterways around the Middle East, conducting surveillance flights close to US warships crossing the Strait of Hormuz and operating around the region, have increased. Overall, 14 unsafe and unprofessional interactions were reported in 2017 and 36 in 2016.

Thirty-two people are missing after an Iranian oil tanker collided with a Chinese freight ship and went ablaze in the East China Sea, on Sunday. The 'Sanchi' tanker, operated by Iran's top oil shipping firm, was sailing from Iran to South Korea, carrying 136,000 tonnes of condensate, when it collided with the 'CF Crystal', about 160nm off the coast near Shanghai.

Office of Naval Intelligence published its weekly reports, outlining the piracy incidents occurred at the Horn of Africa, Gulf of Guinea and SouthEast Asia, as well as piracy incidents that occurred worldwide.

The Strait of Hormuz in southern Iran is the world's most secure region for shipping, according to Iran's representative to IMO. These remarks were made by Mr. Mohammad Rastad on Tuesday, on the sidelines of IMO's 30th Assembly session, at IMO headquarters in London.

Iran and Kazakhstan have set up a joint shipping company, aiming  to boost their bilateral trade, according to the director of Islamic Republic of Iran Shipping Lines Mohammad Saeedi. The company will connect Central Asia to southern Iran.

The Indian government is keen on developing Chabahar Port in Iran and is hopeful of starting operations by 2018, according to Indian Minister for Road Transport & Highways and Shipping, Shri Nitin Gadkari.