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Maersk Line ceases operations in Iran

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The Danish company A.P. Moller-Maersk Group plans to cease operations in Iran after the US decision to resume sanctions against the country. Maersk is engaged in forwarding and transport, also works in the field of extraction and transmission of energy resources in the country.
“With American sanctions, it is impossible to do business in Iran if you also have a business in the United States”, said CEO A.P. Moller-Maersk, Soren Skou.
The US President Donald Trump announced on May 8 that withdraws the US from the Iranian nuclear program agreement. He promised not only to return the old ones, but to introduce new restrictive measures.
Yesterday, the French company Total said of his exit from operations in Iran because of US sanctions. It is a leading participant in the Consortium for the development of the Iranian gas field South Pars with a share of 50.1%.
“We will stick to our agreements with customers signed before May 8, and we will see them executed before November 4, as required by US sanctions”, added A.P. Moller-Maersk in a statement.
A.P. Moller-Maersk Group, also known as Maersk, is a Danish business conglomerate with activities in the transport, logistics and energy sectors. Maersk has been the largest container ship and supply vessel operator in the world since 1996.