Hapag-Lloyd stops one of its feeder services to Iran

Shipping line Hapag-Lloyd has stopped one of two feeder services to Iran. It said that it would decide on whether the remaining service would continue to operate before a November 4th deadline imposed by the US, which has reimposed sanctions on Tehran.

Hamburg, Germany-based Hapag-Lloyd said that it had begun a process to stop handling products included in the list of commodities affected by US sanctions. “One of these two services has been discontinued, with the other under review,” Hapag Lloyd told Reuters.

Hapag-Lloyd said that it was awaiting further clarification as to what operations would be permitted after the wind-down period, in order to make a final decisions on whether to serve Iran post November 4th.

Hapag-Lloyd, like Maersk Line and Mediterranean Shipping Company (MSC) services Iran via third-party feeder ships from the Jebel Ali hub in the UAE