Iran-led shipping firm nears collapse due to sanctions
Reuters / Randy Fabi
26-Jul-2012 (3 comments)

(Reuters) - An Iranian-led shipping venture is close to collapse after struggling to steer its oil
tankers and dry bulk vessels past tightening Western sanctions, a senior company official said on Thursday.

Negotiations are underway between partners Shipping Corp of India and the Islamic Republic of Iran Shipping Lines (IRISL) on how to split the fleet and assets of Irano Hind Shipping, and whether the nearly 40-year-old joint venture will be shut down or not.

Western sanctions aimed at pressuring Tehran to halt its disputed nuclear programme prohibit U.S. and European companies from doing business with Irano Hind Shipping due to its links with state-owned IRISL.

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Very Funny Faramaz

by IranFirst on

Very Funny Faramaz, as always. :-)

Soosan Khanoom

Faramraz jan tell that to BiBi who obviously is peeing in

by Soosan Khanoom on

his pants due to a nonexistence nuclear threat !! 

I am not sure they in Iran have even yet figure out what the formula of Aspirin is  yet alone the atomic bombs !!!


The Nuclear Ships are Sinking!

by Faramarz on



These are the same ships that were going nuclear two weeks ago!