Bank Of Baku

Lloyd suspends cooperation with Iranian National Shipping Company

Lloyd suspends cooperation with Iranian National Shipping Company
# 27 April 2012 11:47 (UTC +04:00)
Baku. Konul Jafarli – APA. Lloyd’s Register, a leading maritime risk management firm, has shut its operations in Iran and can no longer vouch for the safety of the Opec member’s fleet due to Western sanctions, the head of the company told Reuters.

Lloyd’s Register, a classification society that verifies the safety and environmental standards of vessels, has stopped assessing around 60 tankers and container ships owned by Iran’s NITC and Islamic Republic of Iran Shipping Lines following pressure from the United States. The company joins a broad spectrum of industries, from banks and insurers to refiners and ship owners that have been forced to cut their ties to Iran because of tightening Western sanctions.
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THE OPERATION IS BEING PERFORMED