rss icon Subscribe
desktop mobile

Torm Stops Taking Orders in Iran Due to US Sanctions

(Photo: Torm)

Danish oil product tanker operator Torm on Tuesday said it has stopped taking new orders in Iran as a consequence of U.S. plans to reimpose sanctions on Tehran.

"We follow the situation closely and always follow the rules. Therefore, we have also stopped taking new orders in Iran," a spokeswoman told Reuters.

Torm operates 79 oil product tankers worldwide.

The United States last week withdrew from an international nuclear accord with Iran and announced renewed sanctions against the country.

While it is still unclear how U.S. sanctions will affect output from the third-largest OPEC producer, the move has helped oil prices rise.


(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

May 15, 2018

 

Tankers

Hyundai Mipo Dockyard Licensed by GTT

GTT has signed a Technical Assistance and License Agreement (TALA) with South Korean shipbuilder Hyundai Mipo Dockyard (HMD) targeting the outfitting of gas carriers

Bureau Veritas Grants AiP for GTT’s New Cargo Containment System

Philippe Berterottie`re, Chairman and CEO, GTT and Philippe Cambos, Director and Senior Technical Advisor, Bureau Veritas Marine & Offshore (Photo: Bureau Veritas)

Bureau Veritas has formally issued GTT with an approval in principle (AiP) for the development of

Wärtsilä Wins First ‘LPG as Fuel’ Order for New Gas Carriers

Exmar’s new very large gas carriers will feature Wärtsilä technology that enables them to operate on LPG fuel. (Photo: Exmar)

Wärtsilä will provide an integrated cargo handling and fuel gas system for two new liquefied

Contracts

Hyundai Mipo Dockyard Licensed by GTT

GTT has signed a Technical Assistance and License Agreement (TALA) with South Korean shipbuilder Hyundai Mipo Dockyard (HMD) targeting the outfitting of gas carriers

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a

Incat Crowther Design for S. African Special Forces

Image: Incat Crowther

Incat Crowther signed a design contract with Cape Town based shipbuilder Veecraft Marine for the

Maritime Apps