News / Legal double-whammy hangs over container lines caught up in US Iran sanctions

© Reniutami

Major container shipping lines that withdraw services from Iran, following the re-imposition of US sanctions, could inadvertently fall foul of EU legislation.

These regulations are designed to protect European companies from being sanctioned by US regulators.

In May, president Donald Trump announced the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), taking place in two phases stretching between three and six months, and would see multinational companies with extensive operations in the US – such as global shipping lines – targeted ...