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Iran, Hyundai near $650m deal for shipsIslamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said. Under the contract, Hyundai will build More… |
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Italy's Rina Services classifies ships in IranItaly-based Rina Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships owned by Islamic Republic of Iran Shipping Lines (IRISL), a major shipping company in Iran. Rina is a More… |
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IRISL plans to expand fleetIran’s Islamic Republic of Iran Shipping Lines (IRISL) plans to order Triple E vessels which can carry more than 18,000 containers, following the lifting of sanctions which barred the country’s liners from calling at US and European More… |
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US sets sanctions on more Iran firmsThe US Treasury Department set additional sanctions against Iranian engineering firms with ties to the Iranian Revolutionary Guard Corp (IRGC), which it said has continued to expand its control of the Iranian economy. It also sanctioned in More… |
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Iran shipper fights EU sanctions in courtIran's state shipping line will challenge the latest round of sanctions at the European Union's (EU) highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say. In w More… |
