Yang Ming Cuts Iran Service
troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source.
According to MANA, Yang Ming, the world's ninth largest container shipping line, is a comparatively small player in Iran, calling there just once a week. Several larger shipping lines have begun serving Iran since sanctions were lifted a year ago.
Container shipping firms including the world's top three, Maersk Line of Denmark, MSC of Switzerland and CMA CGM of France, are among foreign lines that have resumed services to Iran after the nuclear deal.
Container shipping firms including the world's top three, Maersk Line of Denmark, MSC of Switzerland and CMA CGM of France, are among foreign lines that have resumed services to Iran after the nuclear deal.