Iran not worried about foreign shipping, liner companies leaving ports
By Trend
The Iranian government is not concerned about foreign shipping
and liner companies’ potential cease of operations at Iran’s ports
due to the threat of new US sanctions, the managing director of
Iran Ports and Maritime Organization said.
“The shipping and liner companies that want to leave Iran’s port
(over US sanctions) hold a small share in the country’s shipping
sector,” Mohammad Rastad said on June 27, Mehr news agency
reported.
Rastad further said Iran’s shipping industry is an attractive
market for foreign investors and international operators where they
can ship their cargoes to different parts of the world.
“Iranian northern ports witnessed a 30 to 70 percent growth in the
current Iranian fiscal year (started March 21)”.
He added that the capacities of the country’s ports, except for
Caspian port, is expected to rise from 6 million tons to 30 million
tons in the near future.
Despite the statements from European and Asian leaders in support
of Iran, it seems that the US economic weight is too great to
ignore. Businesses of all types, ranging from insurance companies
to car manufacturers to shipping companies are now announcing that
they will cease business with Iran or in Iran because of US
sanctions.
Recently, the shipping company A.P. Moller-Maersk announced it
would not longer ship Iranian oil due to the US sanctions. In a
statement by the CEO, the company was clear that it prioritized its
business with the US over business in Iran. It was not clear
exactly when Maersk would cease all operations involving Iranian
oil.
In a speech from the White House on May 8, US President Donald
Trump pulled his country out of the nuclear deal, which was
achieved in Vienna in 2015 after around two years of
negotiations.
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