Iranian sanctions lead to more unemployed container ships

The reintroduction of sanctions against Iran has increased the number of unemployed container ships at carrier Iran Shipping Lines. This development impacts the global fleet.

Photo: /ritzau/Marius Nyheim

The sanctions on Iran have led to a growing number of unemployed container ships at state-owned Iran Shipping Lines, IRISL.

Analyst firm Alphaliner notes that the problems for IRISL's container business "have continued to escalate." Right now 19 of the company's ships are unemployed, including three ships operated by Reach Shipping Line. An additional ship is expected to soon become unemployed as a result of the US' list of ships subject to the sanctions.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs