Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

IRAN

Hong Kong Authorities Release Iranian Cargo Vessel

The managing director of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Hossein Dajmar told Fars News Agency on 26 February that the Hong Kong authorities have released an IRISL cargo vessel that was impounded at the behest of a German bank for non-payment of loans by the shipping company. Mr Dajmar said that the ship was released once the loan was paid off, although...