The sanctions have driven up prices in Iran for two reasons, said a report from APF: it's difficult for Iranian flagged vessels to trade with certain countries, and cargo from foreign-flagged vessels is hit with high duties.
'Currently, because of unfair UN sanctions and U.S. pressure on foreign ships not to cooperate with Iranian-flagged ships, we cannot have our flag on all of our vessels,' Ali Safarali, the head of Bonyad Shipping Co., told the newspaper. 'Fifty percent of imported goods are brought in by ships under foreign flags and this makes the goods more expensive than the end price.'
The latest set of UN sanctions regarding Iran's nuclear program, which the country insists is for civilian use only, puts pressure on ships to show they are not carrying prohibited goods.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now