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Maersk tanker unit to wind down customer agreements in Iran

Reuters 2018-05-16 18:59:36

COPENHAGEN (Reuters) - Danish oil product tanker operator Maersk Tankers, part of shipping group A.P. Moller-Maersk, said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran.

Containers are seen unloaded from the Maersk's Triple-E giant container ship Maersk Majestic, one of the world's largest container ships, at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China, September 24, 2016. REUTERS/Aly Song/Files

“We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions,” the company said in an emailed statement.

“We are closely monitoring developments and assessing the potential impact on our activities while staying in dialogue with our customers to inform them in case of changes,” Maersk Tankers said.

Maersk Tankers operates 161 product tanker vessels worldwide.

Danish oil product tanker operator Torm announced on Tuesday it would stop taking new orders in Iran.

Reporting by Emil Gjerding Nielson; Editing by Mark Potter