European shipping lines still unable to resume operation in Iran
Baku, Azerbaijan, Oct.13
By Fatih Karimov - Trend:
European shipping lines are still unable to resume operation in Iran due to some problems, such as opening LCs.
The international sanctions imposed on Iran have made problems for foreign shipping lines to operate in the country.
Although different shipping lines from China, South Korea, and India have announced readiness to resume operation in Iran after easing of sanctions, but European liners are still unable to resume operation in Iran, Iran's Mehr news agency reported on October 13.
Ali Jahandideh, the deputy director of the Ports and Maritime Organization of Iran said before the easing of sanctions, ships had to unload cargoes at ports in Turkey, the UAE, Georgia, and Oman, and then the cargoes were transported to Iran.
"Shipping services at Iranian ports are of lower quality than services in regional ports. This issue has also disinclined large shipping lines to operate at Iranian ports," he said.
On Oct. 6 Mohammad Saeidnejad, the managing director of the Ports and Maritime Organization of Iran, said that four foreign shipping lines (Hyundai, Cosco, Hanjin, and Wan Hai) are ready to operate at Iran's Shahid Rajaee Port after easing of sanctions against the country's shipping industry.
On November 25, 2013, member of Iran's Chamber of Commerce, Industry and Mines, Masoud Daneshmand said the EU sanctions on Iranian oil shipping insurance have been lifted after the nuclear deal between Iran and six world powers.
Insurance on oil shipments were included in the agreement.
Previously, Iranian and international shipping companies were unable to carry Iran's oil due to the sanctions.
Another reason was that foreign insurers were not able to provide the Iranian shipping industry with insurance services because they feared that the interim easing of sanctions might not be extended.