• May 24, 2018
    Last updated less than one minute ago

shipping

Maersk Tankers to wind down customer agreements in Iran

Maersk Tankers operates 161 product tanker vessels worldwide

Reuters
19:38 May 16, 2018

COPENHAGEN: Danish oil product tanker operator Maersk Tankers said on Wednesday it would wind down its customer agreements in Iran by November following new US sanctions on Tehran.

“We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions,” the company said in an emailed statement.

“We are closely monitoring developments and assessing the potential impact on our activities while staying in dialogue with our customers to inform them in case of changes,” Maersk Tankers said.

Maersk Tankers operates 161 product tanker vessels worldwide.

Danish oil product tanker operator Torm announced on Tuesday it would stop taking new orders in Iran.

Maersk Tankers was a part of A.P. Moller-Maersk until October last year, when the shipping group sold it off to family-owned A.P. Moller Holding A/S.