Azer News - Turkish and Iranian companies have signed an agreement on construction and sale of ships for a total amount of $95 million, Turkish media reported on June 1. Three Turkish companies, names of which havent been disclosed, will build ships in Khorramshahr in southwestern Iran. Following the lifting of international sanctionsIran spared ...

LONDON/NEW DELHI, May 7 (Reuters) - Foreign container shipping lines are giving up on Iranianbusinessahead of new U.S. sanctions in July, dealing a further blow to Tehran's vital seaborne trade. Iran'seconomyis already reeling from the effect of measures imposed by the West to curb Tehran's nuclear programme. Its currency has lost two thirds of its ...

By Reuters (Reuters) - Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade, the first such move since tough new sanctions were imposed in July, documents obtained by Reuters show. The tankers, operated by Hong Kong's Titan Petrochemicals Group Ltd, were used to store Iranian oil for top oil trader Vitol and ...

By Reuters (Reuters) -Iranhas started moving nearly two million barrels of fuel oil to Singapore in the first such shipment since June, according to an Iran-based port source and Reuters shipping data on Thursday. Asia's top marine fuel trading hub secured exemption from U.S. financial sanctions on Iran late in June, after authorities leaned ...