Skip to comments.Denmark's Maersk Tankers ends Iran shipping after renewed US sanctions
Posted on 05/17/2018 9:43:01 AM PDT by Salman
Danish shipping group Maersk Tankers on Thursday said it would cease its activities in Iran due to the US decision to leave a landmark nuclear deal and reimpose sanctions against Tehran.
Maersk Tankers would honour customer agreements entered into before May 8th, but then wind them down by November 4th, "as required by the reimposed US sanctions," the company told AFP.
The group said it "has been transporting cargoes for customers in and out of Iran on a limited basis," without providing precise figures for its activities.
(Excerpt) Read more at thelocal.dk ...
WINNING!!!!! For sure!!!!!
Wow, the Danes may not be as inbred dumb as Ive thought...
Whiney snowflakes in the EU are going nuts LOL!
Maersk is huge.
“would honour customer agreements entered into before May 8th”, means no new shipments are being booked from today onward - so no new payments are being made.
Their supply chain, and their current flow of funds, is already crashing. Every sector of their economy will have to start scrambling for supplies - and paying huge premiums for whatever they can get.
Iran (like Venezuela) is highly dependent on imports for a wide range of products (drugs, parts, even foods). Their imports are highly concentrated though a single container port at Bandar Abbas (also their main Naval Base). If Bandar Abbas happens to get destroyed in the coming months, no shipping line will want their valuable ships lost with it.
Beyond that risk, there is the certainty of huge losses in fines from the US - that means that Maersk will not be alone in halting shipments. No big shipping company can afford to keep supplying Iran.
The best solution for Iranians is to quickly throttle the mullahs, and cut a new deal.
That is all...
A Maersk subsidiary is a major contractor to the US military Sealift command. The man who built up the company had a US mother.
And, IIRC, this wasn't the only time, and not just with these countries.
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