© Khunaspix Dreamstime.
By Alex Lennane
Forwarders and shipping agents have for a while been in fear of inadvertently breaking sanctions on Iran – it’s a complicated business and logistics companies, especially those with US offices, need to ensure they are working within US rules.
This article shows just how complex it can be, as Iran’s shipping line tries to evade sanctions by hiding behind shell companies and diverse ownership, In the past 40 months, IRISL made 878 changes to its fleet, including names, owners and operators. A murky business, for sure.