IRISLIslamic Republic of Iran Shipping Lines
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"Not a single ship has been delivered to IRISL. It is impossible for us to deliver the ships with U.S.
Currently the vessel is operating under Togo's colours, but belongs to IRISL. The ship is not an IACS registered vessel, one of the requirements for passage through the canal.
"IRISL vessels work out cheaper than using foreign ship owners, who are charging massive premiums for to Iran," the second Black Sea trader said.
IRISL, with up to 28 tankers, bulkers and general cargoships on order at Korea's Hyundai Mipo Dockyard and SPP Plant & Shipbuilding, as well as China's Shanghai Huanghai Shipyard, has an unwanted special status with US authorities as an alleged violator of nuclear non-proliferation bans.
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.
Bolivia could strike 15 vessels linked to the Islamic Republic of Iran Shipping Lines off its shipping register just weeks after IRISL found Bolivian replacements for their Maltese and Cypriot flags.
"These designations include entities and individuals directly involved in Iran's nuclear activities, which are in violation of UNSC resolutions; entities and individuals owned, controlled or acting on behalf of the Islamic Republic of Iran Shipping Line (IRISL); and members of, as well as entities controlled by, the Islamic Revolutionary Guards Corps (IRGC)," the Council conclusions said.
The Islamic Republic of Iran Shipping Lines (IRISL), its regional offices and affiliates as well as five individuals were charged in the 319 count indictment with using corporate shells and aliases to "exploit the services of financial institutions located in Manhattan," said Vance.
In written answers to questions from Reuters received Sunday, the managing director of the Islamic Republic of Iran Shipping Lines also said the IRISL planned to counter financial sanctions that have hampered its access to insurance by the creation of an Iranian P&I (protection and indemnity) fund.
The $8.65 million tanker was sold to Islamic Republic of Iran Shipping Lines (IRISL), an entity designated by the United States and the European Union as supporting Iranian "proliferation activities." The State Department said Ofer and Tanker Pacific "failed to exercise due diligence and did not heed publicly available and easily obtainable information" that would have shown they were dealing with IRISL.
The emirate's vow to keep Iran as a trading partner came as the US Treasury announced it was extending sanctions to an additional ten businesses and five individuals it said were affiliated with Iran's state-owned Bank Mellat and Islamic Republic of Iran Shipping Lines (IRISL).