Middle EastOperations

US imposes further sanctions on Iranian shipping entities

The US State Department has added seven entities and two individuals, including subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL), to a blacklist as part of its latest sanctions against the Middle Eastern country.

The entities sanctioned include Iran Freedom and Counter-Proliferation Act, China-based Jiangyin Mascot Special Steel, Iran Transfo Company and Zangan Distribution Transformer Company, UAE-based Accenture Building Materials, Iran’s Mobarakeh Steel Company, and the IRISL subsidiary Sapid Shipping.

Mohammad Reza Modarres Khiabani, CEO of IRISL, has also been put onto the sanctions list.

Earlier this month, Hafez Darya Arya Shipping Company, another subsidiary of IRISL, and Majid Sajdeh, a principal executive officer of the company, were sanctioned by the US.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button