ShippingWatch

Easy for Torm to wind down Iran activities

Not many hours passed between Trump's declaration of new sanctions against Iran and Torm's decision to shut down activities in the country. "The US is a very important market for us," Executive Director Jacob Meldgaard tells ShippingWatch.

Less than one day after US President Donald Trump announced new sanctions against Iran on May 8, Torm's management met to discuss a solution.

Executive Director Jacob Meldgaard had no doubt that the announcement would mean a prompt farewell to Torm's activities in Iran.

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