ShippingWatch

Iran's container line forms venture with Chinese player shortly before sanctions

Iran's state-owned container carrier has entered a collaboration with Chinese company to operate the carrier's for new container ships, reports Alphaliner. The new joint venture is announced shortly before US sanctions against Iran take effect.

Photo: Islamic Republic of Iran Shipping Lines

State-owned container carrier IRISL, Islamic Republic of Iran Shipping Lines, has reached an agreement with China's Reach Group for the Iranian carrier's four new container vessels.

The new company, Reach Shipping Lines, will operate the four vessels of 14,508 teu each, which will be delivered to IRISL in August of this year, writes Alphaliner. The company is part of Shanghai based Reach Group, which according to the analyst firm has close ties to IRISL.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs