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

Iran: British-flagged Tanker Seized in Gulf

File Image of the Stena Impero (CREDIT: MarineTraffic.com / © Erwin Willemse

Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the

IMO Condemns Tanker Attacks in Gulf

Pic: International Maritime Organization (IMO)

The Council of the International Maritime Organization (IMO) has condemned recent attacks on

US DOS: Iran Must Release Seized Ship, Crew

The VLCC Riah, thought by stakeholders to be the seized vessel held by Iran. CREDIT: MarineTraffic.com / © Marinko

Iran must immediately release a vessel it seized in the Gulf and its crew, a U.S. State Department

Contracts

Iran Grain Ships Stranded in Brazil due to U.S. Sanctions

Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due

Baltic Index at 5-1/2-year High on Iron Ore Demand

AdobeStock / © Lidian Neeleman

The Baltic Exchange's main sea freight index rose on Thursday to its highest since December 2013

Naval Group Wins More Orders

Image: Naval Group

French shipbuilder Naval Group received more orders in the first six months of 2019 than the

Maritime Apps