BREAKING NEWS

HK says 5 Iranian ships deflagged, 14 others likely to go

By REUTERS

NOVEMBER 22, 2012 14:49

HONG KONG - Hong Kong has deregistered five Iranian cargo ships and a further 14 are likely to follow after their classification society quit Iran due to sanctions imposed by the European Union and the United States over its nuclear program.

Tough sanctions have tightened the screws on Tehran, which relies on its shipping trade for imports including food, consumer and industrial goods.

Hong Kong's marine department has asked the owners of 19 dry bulk carriers, managed by an Iranian firm, to register their ships elsewhere after the Korean Register of Shipping said earlier this year it would not provide the ships safety auditing.

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