Iran and Germany Sign MOU for Joint-Venture Shipping company

A memorandum of Understanding was signed between the Islamic Republic of Iran Shipping Line (IRISL) and the German Company of PWL for the purpose of establishing a joint-venture shipping company .

News ID: 60330

Date: 15 February 2016 - 12:13

In a trip to Hamburg, the chairman of the board and the C.E.O. of IRISL signed a memorandum of understanding with the owners of PWL Co. to set up a joint shipping company , MANA reported.

Based on this joint memorandum, a variety of representative services will be offered to IRISL and its subsidiaries’ fleets in ports of North European countries, including Germany, the Netherlands, and Belgium.

The joint venture shipping company between Iran and Germany will start its operation from March 2016.

With the establishment of this joint venture shipping company and a major part of the services being concentrated on JV Company, the pace of offering services to the customers of both parties will be noticeably accelerated. It is hoped that the satisfaction of both parties, as the main investors of the joint venture, could be earned.