ShippingWatch

This man holds the key to Iranian shipping

The chairman of Islamic Republic of Iran Shipping Lines (IRISL), Mohammed Saeidi, is the human embodiment of the entire Iranian shipping industry. With his blessing, CMA CGM secured the important first victory in the battle for the promising Iranian market.

Whether it was the opportunity to also strike a deal with Airbus and Peugeot, or whether France as a major nation is more interesting to sign a large-scale agreement with than others, is hard to say. But it is a fact now that Iran yesterday opted to sign a major political and commercial agreement in Paris with French president Francois Hollande - a deal that includes a cooperation agreement between the world's third-largest container carrier, France's CMA CGM, and  Islamic Republic of Iran Shipping Lines (IRISL).

ShippingWatch has tried without success to confirm the details with IRISL on Friday, but no one is picking up the phone in Tehran and IRISL itself has not announced the deal on its website. However, according to media coverage of the agreement, the deal between the two carriers "covers capacity sharing, joint route operations, and cooperation in using port terminals."

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs