MSC First Car­rier to With­draw Iran Ser­vices

Iran News - - FRONT PAGE -

LON­DON (Dis­patches) - MSC to­day be­came the first ma­jor con­tainer ship­ping line to an­nounce that it plans to cease di­rect ser­vices into Iran.

The move fol­lowed Don­ald Trump’s de­ci­sion to pull the U.S. out of the joint com­pre­hen­sive plan of ac­tion (JCPOA), more com­monly known as the Iran nu­clear deal.

A state­ment from the Geneva-head­quar­tered line said: “In con­sid­er­a­tion of the im­pend­ing U.S. with­drawal from the JCPOA, and cor­re­spond­ing re-en­large­ment of its sanc­tions pro­gram, we re­gret to in­form you that MSC is ceas­ing to pro­vide ac­cess to ser­vices to and from Iran.

“The U.S. government has out­lined a wind-down pe­riod in the com­ing months and we will do our ut­most to col­lab­o­rate with you to con­clude this pe­riod with the min­i­mum dis­rup­tion to your busi­ness and to avoid any un­nec­es­sary in­con­ve­nience. “While MSC is not ac­cept­ing book­ings for ship­ments orig­i­nat­ing from Iran, or des­tined to Iran, we will con­tinue to carry cer­tain legally ac­cept­able car­goes dur­ing the wind-down pe­riod, no­tably for im­por­ta­tion of food­stuffs,” it added.

Like other ma­jor deepsea car­ri­ers, MSC be­gan tak­ing book­ings for Iran-re­lated trade af­ter the JCPOA was signed in 2015, ef­fec­tively lift­ing cer­tain sanc­tions against Iran in ex­change for lim­its to its nu­clear pro­gram. The abil­ity of those lines to con­tinue serv­ing Iran is now in doubt af­ter Pres­i­dent Trump an­nounced the US would re-im­pose sanc­tions in threeto-six months, de­pend­ing on the na­ture of the busi­ness.Iran’s national ship­ping line, IRISL, was also sin­gled out by the U.S. and will be sub­ject to sanc­tions fol­low­ing the 180-day wind­down pe­riod, leav­ing in doubt a new­build or­der it placed with South Korean ship­builder Hyundai Heavy In­dus­tries for four 14,500 teu con­tain­er­ships in late 2016.

Al­pha­liner re­ported that, de­spite the com­ple­tion of two of the four ships, they had yet to be de­liv­ered to IRISL.

Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.