China ship firm ends Iran work as Tehran feels more heat
LAST UPDATED: 11/21/2012 20:00
LONDON - A Chinese firm has stopped verifying safety and environmental standards for Iranian ships, becoming the last top certification provider to end marine work there as the trade noose on Tehran tightens.
The China Classification Society (CCS) is the last of the world's top 13 such companies, all members of the International Association of Classification Societies (IACS), to confirm it has ended Iran-related certification work, key to insurance and ports access for ships.
China and other countries in Asia including South Korea continue to buy Iran's oil, but the loss of major ship certifies has raised concerns over the quality of insurance cover and future maintenance of Iranian ships.