A historic deal between Iran and a six nation consortium- “P5+1”, was reached last week; an important feature of the deal is the lifting of sanctions that have been in place against Iran. The questions on the minds of shipping people boil down to ...
The Joint Comprehensive Plan of Action (JCPoA) signed on Tuesday could lead to the lifting of sanctions against Iran, but for now the restrictions remain in place.
The prospect of a full return of Iranian oil to the international market has been concentrating minds in the industry. While the latest attempt to strike a deal over the Iranian nuclear project, in return for a lifting of sanctions, failed last...
The Maritime & Port Authority of Singapore (MPA) has called on the Iranian authorities to investigate the attack on the Singapore-flagged tanker Alpine Eternity last week in which the vessel was fired upon.
A possible resolution to the seizure of the Maersk Tigris by Iran is looking closer as Maersk Line provides a letter of undertaking relating to the original 10-year old cargo case.
Up until a week ago it is hard to imagine that in the headquarters of Maersk Line in Copenhagen a 10-year old legal case in Iran over 10 containers shipped to Jebel Ali in 2005 was very high on the agenda. However, it certainly is now.
The Iranian claimant in the Maersk Tigris case warns vessel could be put for auction if compensation is not paid by Maersk Line, while the Danish company says it has still no received written confirmation of court rulings or ship arrest warrant.