Four of the first tankers carrying shipments of Iranian crude are heading to ports in the EU with cargoes of 1m barrels, with a further nine headed for Asia.

The new Suez Canal stands to benefit from China’s "One Belt One Road" (OBOR) initiative, the opening up of the Iranian market, and the developing Indian refinery market, according to Braemar Shipping Services Asia.

On Sunday, 17 January 2016, the date the sanctions on Iran were lifted, National Iranian Tanker Company, (NITC) conducted a well coordinated conference to celebrate, not only the lifting of sanctions but also their 60th founding anniversary.

Italian state-owned shipbuilder Fincantieri has announced the signing of a number of agreements with Iran in shipbuilding activities.

The much-anticipated lifting of sanctions imposed by the US and EU on Iran was announced at the weekend after nuclear watchdog body IAEA (international Atomic Energy Agency) confirmed that Tehran had taken the steps required to prevent it...

Iran needs to overcome several challenges if it is to succeed in the development of its upstream oil and gas sector, an international oil and energy consultant told a special session on the Islamic Republic’s oil and gas sector at the recent...

DP World is considering investments on Iran’s north and south coasts, according to a flurry of recent news reoprts following the visit of DP World Chairman, Sultan bin Sulayem, to Iran in early July.

Against the backdrop of improving relationships between western nations and Iran, Contship Italia has signed a Memorandum of Understanding (MoU) on strategic cooperation with Iranian port operator Sina Port & Marine Company (SPMCO).

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.

Coastal Contracts Bhd has netted contracts worth a total of MYR130m ($34.1m) involving the sale of two offshore support vessels (OSVs) and six low-end vessels.