South Korea’s Incheon port has commenced a new regular container service connecting the port directly to the Middle East for the first time, backed by Islamic Republic of Iran Shipping Lines (IRISL).

Korean Register (KR) and Iranian Classification Society have signed a memorandum of understand to set up a joint venture firm in Tehran to offer plant facility certification and engineering services.

Singapore’s rig repair specialist Kim Heng Offshore & Marine Holdings has entered into a non-binding memorandum of understanding through its subsidiary with the Iran Marine Fund to explore the establishment of a strategic partnership.

Islamic Republic of Iran Shipping Lines (IRISL) made a return to the Port of Antwerp last week following the lifting of sanctions.

RINA Services and the Asian Classification Society (ACS) have classified the first two 15,000 gt general cargo ships owned by Iranian shipping company IRISL.

Oman’s Port of Salalah has signed a Memorandum of Understanding (MoU) for co-operation with Iran’s Shahid Rajaee and Chabahar Ports.

Iran is to spend $250bn on oil and gas projects in the upstream and downstream sectors in the next five years according to former NITC chief Mohammad Souri, speaking at a seminar last week on business opportunities in Dubai.

“Astronomical fines” have paralysed international bankers with the fear that clearing transactions with Iran could still breach extensive US sanctions, even though restrictions against non-US persons’ dealings with the Islamic Republic were...

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.

India’s government today cleared $150m of Exim Bank credit to further develop the Iranian Port of Chabahar, in the Gulf of Oman.