Foreign shipping lines to resume operations in Iran as sanctions eased
Baku, Azerbaijan, July 21
By Fatih Karimov - Trend:
Foreign shipping lines will resume operations in Iran as EU sanctions against the country's shipping industry have been eased, the IRNA news agency quoted Ali Jahandideh, the deputy director of the Ports and Maritime Organization of Iran as saying on July 21.
The Taiwanese shipping lines Wan Hai will resume operations at the Shahid Rajaee port on July 25, he added.
Other ships from India, China, and South Korea are also scheduled to berth at Shahid Rajaee Port in the future, he noted.
In June 2012, the EU imposed sanctions against Tidewater, Iran's dominant ports operator, which is co-owned by Iran's Islamic Revolutionary Guard Corps.
The measure forbade any EU person or entity from making direct or indirect payments for Tidewater's benefit. That meant exporters, importers, ship-owners and charterers can't pay loading fees at Tidewater's seven ports, including Shahid Rajaee Port. Ninety percent of Iran's container traffic passes through that port at the mouth of the Strait of Hormuz in the Gulf.
The loading and unloading capacity of Shahid Rajaee Port currently stands at 88 million tons per year.