BREAKING NEWS

China ship firm ends Iran work as Tehran feels more heat

By REUTERS

NOVEMBER 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.

Hamas al-Qassam Brigades calls for escalation across all fronts

By REUTERS

04/23/2024 05:34 PM

The IDF attacked buildings where Hezbollah terrorists were staying

By JERUSALEM POST STAFF

04/23/2024 05:17 PM

IDF orders new evacuations in northern Gaza

By REUTERS

04/23/2024 05:07 PM

Sudan military downs drones targeting its HQ in Shendi

By REUTERS

04/23/2024 04:31 PM