Analysts have been turning their attention to what, if any, effect an easing of sanctions on Iran might have on the tanker market, in particular VLCCs, as a result of the agreement on the country's nuclear programme. With VLCC earnings currently...
The EU’s second-highest court has ruled that sanctions against Iran’s biggest shipping line, Islamic Republic of Iran Shipping Lines (IRISL), be lifted.
India has filed an appeal with the Detention Review Panel of the Indian Ocean Memorandum of Understanding on Port State Control (IOMOU), following the release of tanker Desh Shanti last week.
The release of the Indian Tanker Desh Shanti has been ordered by Iranian authorities.
Indian foreign secretary Sujatha Singh has petitioned Iran for the “unconditional” release of Desh Shanti, the tanker under arrest at Bandar Abbas port.