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MSC signs MoU to increase Iran port calls

MSC signs MoU to increase Iran port calls
MSC has signed a memorandum of understanding (MoU) with Iran Ports and Maritime Organization (IPMO) to ramp up port calls at Bandar Abbas, Chabahar and Bandar Imam.

The MoU also makes provision for MSC vessels, which began calling at Iran in January after six years, to carry shipments to Iran from international ports.

Agreed during a three-day visit by Swiss President Johann Schneider-Ammann. The MoU opens Iran up to other Swiss shipping companies to invest in Iranian shipping.

The news follows a deal signed between Iranian shipping company IRISL and CMA CGM in January, to jointly operate routes, vessels and terminals, as well as $85m in planned Indian capacity investments at Chabahar port to allow India to trade with Iran’s landlocked neighbour Afghanistan.

Meanwhile the first four tankers carrying Iranian crude to Europe left Kharg Island oil terminal this month.