IRISL chairman sets sights on shipping’s ‘big league’

10/10/2015
IRISL Chairman Mohammad Saeidi

IRISL Chairman Mohammad Saeidi

IRISL, Iran’s biggest shipping company, is planning to commission a fleet of Triple E vessels with the capacity to carry more than 18,000 containers, its chairman Mohammad Saeidi said this week. “We expect sanctions to be lifted in January,” he said in an interview with the  Wall Street Journal on the sidelines of the Danish Maritime Days shipping conference. “We have been away for too long and our priority is to re-enter the international market. We have 41 ships with up to a 14,000 container capacity, but we want to join the big league and Triple Es are a priority.” 
Once it has built up a sufficient capacity, he explained that IRISL plans to forge alliances with around 15 container operators who currently control the world’s busiest trade routes by sharing vessels, networks and port calls. Senior executives have already been touring “European countries with major shipping clusters” including Greece, Germany, Cyprus, France and Denmark to lay the groundwork, he added.
“Over the next month we will finalises how many ships we need. We will then engage in talks with financiers and yards for orders,” he added. It is expected to turn to the Chinese banking sector which is providing billions of dollars in loans – provided that orders go to their domestic shipyards.