NYK withdraws from Iran trade

NYK withdraws from Iran trade    Ocean carrier NYK Line said last week is has withdrawn from all trades involving Iran.
   The decision was made in consideration of 'the current political and business difficulties related to Iran,' the line said in a customer notice. 'All services to Iran have been suspended and cargo in-transit to Iran by NYK equipment is also not allowed.'
   On Thursday, the line also said it has formally agreed to transfer to NYK the business of its intra-Asia subsidiary, TSK Lines. The transfer, first announced in late July 1, will be executed on Nov. 1.
   'TSK has been operating an intra-Asia liner trade for many years as a result of the great support of its customers and vendors, and is well positioned to ride out the rapid changes in the economic business environment,' NYK said in a statement. 'As this trade is incorporated into NYK liner services and all trades begin to operate in unison, the NYK Group will be able to further pursue efficient global liner operations and ensure that the NYK Group remains competitive in the current market environment by offering premium service levels to new and existing customers.
   'NYK will be offering the services that have continuously been provided by TSK, so for the moment, there will be no impact on day-to-day service arrangements and levels, but we will be making adjustments in due course, and those will be announced accordingly.'