Reuters - Shipping group A.P. Moller-Maersk (MAERSKb.CO) on Thursday joined a growing list of companies preparing to call a halt to doing business with Iran, casting doubts on whether European leaders can keep alive a nuclear deal with Tehran.
Maersks move comes a day after French energy group Total (TOTF.PA) and other European companies signalled ...
International shipping companies are abandoning their Iranian voyage routes before new U.S. sanctions are implemented in July, denting further the Islamic Republic's ability to acquire food items and consumer goods.
Calls to Iranian ports by shipping operators have gradually declined over the past year, with major container lines such asAP Mller-MaerskA/Sof ...
By The New York Times
Iransought on Tuesday to rebut assertions that Western sanctions had paralyzed the Iranian economy and severely weakened the currency, pointing to new data from theInternational Monetary Fundforecasting an economic rebound and lower inflation in 2013.
The new data in the monetary funds twice-yearly World Economic Outlook ...
By Reuters
Oct 9 (Reuters) - Maersk Line, the world's biggest container shipping company, has stopped port calls toIranas Western sanctions pressure on the Islamic Republic mounts, a spokeswoman said on Tuesday.
"Maersk Line has ceased to call in Iran," a spokeswoman for the unit of Danish group A.P. Moller-Maersk said.
"This is a pragmatic ...