rss icon Subscribe
desktop mobile

Torm Stops Taking Orders in Iran Due to US Sanctions

(Photo: Torm)

Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran.

"We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.

Torm operates 79 oil product tankers worldwide.

The United States last week withdrew from an international nuclear accord with Iran and announced renewed sanctions against the country.

While it is still unclear how U.S. sanctions will affect output from the third-largest OPEC producer, the move has helped oil prices rise.


(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

May 15, 2018

 

Tankers

Trafigura Names First of 35 New Tankers

Photo: Trafigura Group

Singapore's commodity trading company Trafigura Group has named the first of its 35 crude oil and

Tanker Rescues 28 Fishermen off Colombia

(Photo: NYK Group)

A product tanker operated by the NYK Group rescued 28 fishermen from life rafts on last week off

Odfjell Finalizes Sale of Rotterdam Tank Terminal

(Photo: Odfjell)

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has

Contracts

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new

Austal Awarded Two More Independence-variant LCS

(U.S. Navy photo courtesy of Austal USA)

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional

Maritime Apps