Ahead of sanctions due next month, Iran’s top line IRISL has set up a Chinese joint venture line.
Newcomer Reach Shipping Lines will operate the four new 14,508 teu ships, delivered in August to IRISL, on a new Far East – Colombo service that calls at Qingdao, Xingang, Dalian, Busan, Lianyungang, Shanghai, Singapore, Port Kelang, Colombo, Singapore, Qingdao.
According to Alphaliner, Reach Shipping Lines was set up in July 2018 by the Shanghai-based Reach Group, which is closely linked to IRISL.
Shanghai Tenreach International Logistics, a Shanghai listed company controlled by the Reach Group, is a freight forwarder in China with NVOCC qualifications approved by China’s Ministry of Transport.
