Iran’s IRISL and Tidewater removed from US sanctions list

IRISLThe Islamic Republic of Iran Shipping Lines (IRISL) and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze after officials from Iran and P5+1 sealed a historic nuclear accord on Tuesday.
The names of 16 shipping executives – including IRISL Managing Director Mohammad Hossein Dajmar – and their companies have been delisted along with the related firms, the IRNA news agency reported. Iran’s shipping sector had the biggest number of nationals on a Western blacklist of sanctioned entities for years. IRNA said 132 shipping companies and 16 executives were on the US list in total.
Tidewater was added to the list of Specially Designated Nationals by the US Department of the Treasury in 2011. A statement by the company said all sanctions against it had been formally abolished, adding it would soon begin “serious” talks with foreign sides for new trade. “From now on, Tidewater is ready to participate with all power and capacity in financing various ports projects along with other Iranian maritime companies,” the statement said.