Taiwan Shipping Line Yang Ming Halts Services to Iran
TEHRAN (Tasnim) – Taiwan's Yang Ming Marine Transport Corp is halting its container service to Iran due to fears of being punished by the US government.
An executive with Keelung-headquartered Yang Ming said the firm had "ceased direct services to Iran on concerns of rising tensions there".
"We took into consideration the recent sanctions against Iran as well as the current geopolitical tensions in the region and what's been going on between Iran, the US and Europe," the executive said, declining to elaborate further, according to Reuters.
Yang Ming Marine Transport Corporation is an ocean shipping company based in Keelung, Taiwan. Yang Ming currently operates 84 container ships up to 8,250 twenty-foot equivalent units (TEU) and 17 bulk carriers.
The company's decision came after Trump earlier ordered a full review of the 2015 nuclear deal between Tehran and world powers, known as the Joint Comprehensive Plan of Action (JCPOA), seeking tougher unilateral sanctions against Iran.
Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a conclusion on the JCPOA in July 2015 and started to implement it in January 2016.
