GL CEASES DEALING WITH IRANIAN SHIPPING COMPANIES

Germanischer Lloyd (GL) has become the latest class society to cease surveying and certificating Iranian shipping companies, following pressure from a US lobby group.
The GL move follows the actions of Lloyd’s Register, Bureau Veritas and DNV and of course ABS through its US ownership, to stop dealing with Iranian companies in the face of increasing pressure from the EU and US and the threat of sanctions.
In a letter sent to US-based United Against Nuclear Iran (UANI) dated 15th June, claimed to be seen by Reuters and verified by UANI, GL said it had stopped offering services to the Islamic Republic of Iran Shipping Lines (IRISL) and NITC.
"It is of the utmost importance that we maintain our good reputation," GL said in the letter. "Therefore, we have pursued the decision to cease rendering services to the Iranian companies mentioned."
A GL spokeswoman told Reuters on Monday that it was not making a statement on the issue.
"The Iranian government is going to start to feel the squeeze a lot more and have more difficulty getting cover for their own ships," said Alan Fraser, Middle East analyst with security firm AKE, talking with Reuters.
Earlier, UANI, which includes former US Ambassadors on its board and is funded by private donations, had claimed that GL's cover for IRISL was in violation of EU sanctions. UANI had also pressured BV before the French class society recently stopped covering Iranian companies.
IRISL has been on a Western blacklist of sanctioned entities for a number of years, while NITC faces the prospect of potential sanctions after the US senate passed a bill last month aimed at targeting Iran's biggest tanker operator.
- Tanker Operator