MSC to recapture Iran business after lifting of embargo

President and CEO of MSC travels to Iran to discuss logistics opportunities following nuclear deal.
Up until 2012, when US and EU sanctions were increased, MSC had been the leading foreign shipping line operating in Iran
Up until 2012, when US and EU sanctions were increased, MSC had been the leading foreign shipping line operating in Iran

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Diego Aponte, president and chief executive officer of MSC Mediterranean Shipping Company has visited Iran to meet with logistics businesses and government officials, the company said in a statement.

Aponte was invited by the Iranian government to visit the country to better understand the country’s trading infrastructure. The visit coincided with the announcement on 14th July that Iranian trade embargoes are to be lifted.

Up until 2012, when US and EU sanctions were increased, MSC had been the leading foreign shipping line operating in Iran, but was forced to reduce its service and ultimately suspend all Iranian operations due to the trade embargo.

MSC resumed limited operations in 2014 and following this week’s announcement that sanctions will be lifted, MSC is optimistic about future trading with logistics partners in Iran, the release said.

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