IRISL

AcronymDefinition
IRISLIslamic Republic of Iran Shipping Lines
References in periodicals archive ?
Under the regime of sanctions, IRISL ships are not allowed to sail toward European countries, Australia, and Canada, he added.
In letters dated March 12 and seen by Reuters, that were sent by the European Council to the shipping firms' lawyer, Maryam Taher, the Council said the reasons for the intended re-listings included the companies being owned or controlled by IRISL or for providing training, spare parts and services to IRISL or IRISL employees.
The Shipping Ministry, which is aggressively demanding for the wrapping-up of the joint venture, has stated that it is difficult for IRISL to find clients for the vessels.
Last September, Egypt blocked the AMIN, an oil tanker from IRISL.
IRISL has been on a Western blacklist of sanctioned entities for years, accused of transporting weapons, which it denies.
In January 2008, when IRISL placed the Mipo order, some of the present US sanctions against Iran were in place but the European Union (EU) had no such policies as yet.
Despite a 2010 UN resolution on dealing with Iranian state front firms, until recently Maltese flags still fluttered at the masts of 48 of 144 IRISL vessels identified by the EU, while Cypriot colours flew above 12.
IRISL, its many subsidiaries and their dozens of ships have drawn sanctions from the United States, United Nations and the European Union for their suspected role in transporting military equipment for Tehran.
The Manhattan DA's office noted that "IRISL has violated UN Security Council Resolutions by chartering vessels to transport IRISL cargo containers of ammunition and weaponry from Iran to countries linked to international terrorism.
Last month the EU targeted over 30 IRISL holding companies as part of a wider sanctions campaign led by Western states aimed mostly at forcing Tehran to curb its nuclear energy drive, which they suspect is meant to develop atomic bombs.
To date, nearly 70 IRISL front companies and affiliates have been targeted, the department said.
The US Treasury on Wednesday blacklisted another state-controlled Iranian bank and targeted companies that it says are fronts for Iran's state shipping company IRISL as it looked to coordinate the tighter sanctions net with the EU.