Press TV - Irans minister of industries and trade says the country will spend nearly 300 million euros to build 200 large vessels as an ailing shipbuilding sector keeps growing only because foreign companies avoid offering services to the country due to the American sanctions. We have defined a target for construction of 200 cargo vessels as part ...

MNA About 55 million tons of oil and non-oil commodities were loaded and unloaded in the Shahid Rajaei Port, southern Hormozgan Province, during the past nine months of the current fiscal year (March-December 2018), a senior official at Ports and Maritime Organization said. Director General of Hormozgan Ports and Maritime Organization, Allah-Morad ...

By Reuters (Reuters) - Hong Kong has deregistered fiveIranian cargo ships and a further 14 are likely to follow after their classification society quitIrandue to sanctions imposed by the European Union and the United States over its nuclear programme. Tough sanctions have tightened the screws on Tehran, which relies on its shipping trade for imports ...

Jan 17 (Reuters) - Germany's DVB Bank is in talks with the Islamic Republic ofIranShipping Lines (IRISL) after one of its ships fled detention in Sri Lankan waters due todebtpayment claims, a bank spokeswoman said on Thursday. Sri Lanka's navy said earlier the MV Amina fled late on Wednesday. Last week the navy had fired warning shots to prevent the ...

AFP -An Iranian cargo vessel at the centre of a financial row with a German lender fled Sri Lanka Thursday despite warnings to remain in anchorage, a naval official said. The vessel identified as M.V. Amina was under "observation" for over two weeks after a German bank obtained a Sri Lankan court order to hold it, but the ship slipped out on Wednesday,...