Sanctions close Indo-Iranian shipping firm

pmaitra

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Sanctions close Indo-Iranian shipping firm

The Irano Hind Shipping Co., jointly owned by the Shipping Corp. of India and the Islamic Republic of Iran Shipping Lines, was formed in 1974 and is among the few international ventures to survive the 1979 Islamic Revolution and decades of economic and diplomatic pressure from the West.

"The fleet will be split between the two partners," said S. Hajara, chairman and managing director of Shipping Corp. of India. "Irano Hind will cease operation."
Source: The Hindu : News / National : Sanctions close Indo-Iranian shipping firm
 

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