IRISL transports 27m tons per annum despite sanctions, CEO says
The chief executive of the Islamic Republic of Iran Shipping Lines (IRISL) said on Wednesday that the maritime organization had managed to transport about 27 million tons of cargo annually in recent years despite heavy international sanctions, underscoring the company’s role in global trade.
“Although the circle of sanctions against IRISL has tightened over the past decade, the company has been able to secure a considerable share in importing goods needed by factories and production lines, as well as exporting Iranian products to target markets,” Mohammad Reza Modarres Khiabani told ISNA.
Iran has been subject to Western sanctions for its peaceful nuclear program for decades. Last year, the European Union and the United Kingdom imposed new measures against IRISL, citing Tehran’s alleged support for Russia in its war with Ukraine. The company has also been under US State Department sanctions since June 2020, with Washington calling it the preferred shipping line for “Iranian proliferators and procurement agents.”
Modarres Khiabani also said, “IRISL has played a significant role in global trade,” highlighting Iran’s geographical advantage of proximity to open waters and major ports.
To expand its reach, the company has adopted a five-year strategic plan that is reviewed annually, aimed at modernizing its fleet, acquiring new vessels, and leveraging its pool of skilled Iranian seafarers.
According to Modarres Khiabani, IRISL currently operates 143 vessels under the Iranian flag in international waters. “The helm of IRISL’s fleet is in the hands of experienced Iranian seafarers, who are renowned worldwide for their skill, expertise and commitment, and are in demand by many foreign shipping companies,” he added.