US sanctions imposed on Iranian shipping network take effect

The logistics industry should again be careful of dealings in Iran, following the implementation of new US sanctions yesterday.

The US has warned commercial and maritime industries that they too risk sanctions if they do business with the Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Company. The US has also asked governments to investigate activity by those companies in their ports and seas. Reuters reports.