Singapore shipping company Pacific International Lines
(PIL) has ceased acceptance of cargoes in and out of Iran.
(PIL) has ceased acceptance of cargoes in and out of Iran.
What is
more, the shipping company has terminated all calls to Iran.
more, the shipping company has terminated all calls to Iran.
“This is in conjunction with President
Donald J. Trump’s announcement on May 8, 2018, to cease the United States’
participation in the Joint Comprehensive Plan of Action (JCPOA) and to reimpose
all sanctions lifted or waived in connection with the JCPOA,” PIL said in a
statement.
Donald J. Trump’s announcement on May 8, 2018, to cease the United States’
participation in the Joint Comprehensive Plan of Action (JCPOA) and to reimpose
all sanctions lifted or waived in connection with the JCPOA,” PIL said in a
statement.
Earlier
this year, the US Government announced
plans to reimpose sanctions on Iran’s port operators as well as
shipping and shipbuilding sectors, in line with the decision of the country’s
president to withdraw from the Iran Nuclear Deal.
this year, the US Government announced
plans to reimpose sanctions on Iran’s port operators as well as
shipping and shipbuilding sectors, in line with the decision of the country’s
president to withdraw from the Iran Nuclear Deal.
Companies
that trade in US dollars or have operations there cannot afford themselves
to lose a share of the US market, hence, they are likely to end their ties to
Iran.
that trade in US dollars or have operations there cannot afford themselves
to lose a share of the US market, hence, they are likely to end their ties to
Iran.
PIL’s
decision comes after some other shipping majors such as Maersk
Line, MSC and CMA
CGM started pulling out from Iran.
decision comes after some other shipping majors such as Maersk
Line, MSC and CMA
CGM started pulling out from Iran.
World Maritime News
