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Container lines make quick return to Iran as sanctions lifted

Container lines make quick return to Iran as sanctions lifted
While it may take some time for Iranian oil to start flowing back into the tanker market, container lines are already moving to take advantage of the lifting of sanctions.

According to analyst Alphaliner Hyundai Merchant Marine (HMM) made its return to Iran ahead of the nuclear deal with its Korea – East Asia – Middle East service calling at Bandar Abbas since April. Compatriot Hanjin Shipping is set to join them this month, along with partner Yang Ming, adding Bandar Abbas calls to their Far East – Middle East Express and China Gulf Express services.

Meanwhile CMA CGM, United Arab Shipping Co, and China Shipping Container Line will start calling the Bandar Abbas on their Far East – Middle East service from 6 August.

“Other carriers are expected to follow suit, including MSC (Mediterranean Shipping Co) whose ceo Diego Aponte visited Tehran earlier this month, holding meetings with his counterpart at Islamic Republic of Iran Shipping Lines (IRISL),” Alphaliner said in its weekly newsletter.

The lifting of sanctions is also expected to benefit Iran’s HDS Lines. “HDS Lines is expected to re-develop its network, especially to Europe, after the sanctions against the country forced the com- pany to restrict its non-Middle East liner activities to the Far East, India and East Africa,” the report commented.