Lloyd’s Register Returning to Iran

As the sanctions against Iran are being lifted the British classification society Lloyd’s Register is readying for a comeback to the country.

Lloyd’s Register told World Maritime News that they are able to provide classification services to Iranian controlled tonnage and that the society will be re-opening its office in Tehran.

The classification society had provided its services to ships owned by NITC and IRISL until 2012 when sanctions against Iran were introduced.

Lifting of sanctions against Iran will mean that 14.1 million DWT of Iranian tankers would be free to trade globally.

Iran’s tanker fleet is valued today at USD 2.7 billion and is currently placed 8th in the world by value. NITC, Iran’s largest VLCC owner, is ranked 6th in the world, owning 37 VLCCs worth USD 2.1 billion, according to VesselsValue’s data.

On Monday, Mehr News Agency (MNA) reported that the society has lifted one of its sanctions against Iran thus allowing for the country’s oil tankers to enter the European Union’s oil ports and terminals. However, Lloyd’s Register could not confirm this to World Maritime News.

 

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >