Iran's embassy in Caracas has announced the official launch of a direct shipping route between the Islamic Republic and Venezuela to enhance trade ties amid US sanctions. In a statement on Friday, the embassy said the route seeks to support traders in both countries. Appreciating the efforts of the Islamic Republic of Iran Shipping Lines (IRISL),...

Tasnim The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade. Iran and Kazakhstan's state-owned railway company have set up a joint shipping company to connect Central Asia to southern Iran, Mohammad Saeedi told ...

MNA Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Lines (IRISL), and National Iranian Tanker Company (NITC) have signed a contract to build and repair ships. Speaking at the contract-signing ceremony, Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh pointed to the significance ...

Tasnim The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) has been introduced to import the technology of building giant ships from South Korea. Speaking to reporters at a press conference in Tehran on Sunday, Mohammad Saeedi said one of the ...

Maritime Professional: The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstans KTZ Express a subsidiary of the countrys national railways company- signed an agreement for establishing a joint company. The deal could lead to the creation of a new transport corridor connecting Irans southern ports to the upper ...

AJOT| Matt Guasco: Established in 1967 The Islamic Republic of Iran Shipping Line commenced operations with 2 coastal traders and 4 ocean going vessels. Today their fleet is comprised of passenger and cargo ships offering both containerized and bulk operations. Container services include Iran and selected Persian Gulf ports to and from China, Taiwan,...

Tasnim- The Islamic Republic of Iran Shipping Lines (IRISL) signed a major deal with South Koreas Hyundai Heavy Industries Co. (HHI) to buy 10 ships from the worlds largest shipbuilding company. Financed by South Korean banks, the contract was inked between representatives of the IRISL and the HHI on Friday morning. Under the contract, valued ...

Indias largest carrier says it plans to revive a four-decade-old joint venture with the Islamic Republic of Iran Shipping Lines (IRISL). Shipping Corp of India (SCI) is making the most of the recent lifting of sanctions on Iran to resurrect the Irano Hind Shipping Co., the state-run Indian company's chairman B B Sinha was quoted as saying. We ...

TEHRAN, May 11 (MNA) The latest ranking of world active shipping lines has awarded IRISL with 22nd place in his May classification. Alphaliner is an institute watching worlds shipping lines and collects statistics of all shipping lines. The institutes May list gives Irans IRISL a TEU (Twenty-Foot Equivalent Units; intermodal shipping container) ...

Iran looks to the lifting of sanctions to unveil a series of grand projects in partnership with major world shipbuilders, including South Koreas Hyundai and Germanys Nordic Yards Wismar, a senior official says. Talks have been held with South Korean, Italian, Chinese, German and Turkmen companies to implement joint schemes, Managing Director of ...

(Reuters) - The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court. Coming days afterIranand six major powers reached a framework agreement to end a long-running dispute overIran's nuclear programme, the EU's move ...

TEHRAN (Tasnim) Managing director of the Islamic Republic of Iran Shipping Lines (IRISL) said the plot aimed at crippling Irans foreign trade through imposing different sanctions has been ineffective. Mohammad Hossein Dajmar told the Tasnim News Agency on Friday that despite extensive sanctions and threats against Iran in recent years, plans ...

[caption id="attachment_8194" align="alignright" width="217"] Flag of European Union[/caption] TEHRAN (Tasnim) The European Union on Thursday re-imposed sanctions against the National Iranian Tanker Company (NITC). An EU working group decided to add the NITC to the sanctions list again even though an EU high court had ruled last year against blacklisting ...

TEHRAN (FNA)- Deputy Head of Iran's Trade Promotion Organization (TPO) Yaghmour Qolizadeh said that the country is resolved to establish regular shipping lines from Iranian ports to worldwide destinations to pave the ground for an increase in its exports. "Regular shipping lines will be established to increase exports," said the official, adding the ...

[caption id="attachment_107486" align="alignright" width="229"] This file photo shows a shipbuilding yard owned by Singapore-registered Yangzijiang Shipbuilding Holdings Ltd.[/caption] The Islamic Republic of Iran Shipping Lines (IRISL) is buying 10 bulk carriers from a Singapore-listed shipbuilder as restrictions on such deliveries to Iran ease, ...

TEHRAN (Tasnim) The technical deputy of the Islamic Republic of Iran Shipping Lines (IRISL) said global shipping sector is eying the removal of anti-Iran sanctions, expressing hope that current nuclear negotiations in Vienna would deal with IRISL sanctions. Global shipping sector is eying the removal of anti-Iran sanctions and restrictions,...

ILNA: A European Union court ruling to remove the EU sanctions against 11 managers of the Islamic Republic of Iran Shipping Lines (IRISL)has been finalized, an Iranian official says. "The ruling for removal of the names of 11 managers of the company (IRISL) from the list of EU sanctions has been finalized," said Alaeddin Sadat Rasoul, the head of ...

The Islamic Republic of Iran Shipping Lines (IRISL) is entitled to sue the EU for damages over its illegal sanctions as the blocs respite to appeal against an earlier European court ruling has expired. Following the ruling by the European Court of Justice and the expiration of the legal respite and [the blocs] failure to appeal against the issued ...

An Iranian lawmaker says the recent EU court rulings against the sanctions on Iranian banks and companies highlight the illegal and political nature of such bans. The sanctions against the Iranian banks and companies were imposed without any legal basis and merely based on political objectives and [the rulings for] their removal prove the illegality ...

A prominent political analyst has called a great victory for Iran a European Union court ruling that called for the removal of the unilateral sanctions against the Islamic Republics shipping lines and seven other Iranian firms. This is a very big victory for Iran and the Iranian companies and economy, Manfred Petritsch said in an interview with Press ...