NCRI – Two top Chinese shipping lines severed ties with Iranian regime as new U.S. sanctions went into effect on Monday.
“The vast majority of major container carriers have now ceased calling at Iran,” said Daniel Richards, shipping analyst with Business Monitor International told Reuters.
The U.S. National Defense Authorization Act (NDAA), which came into effect on July 1, blacklists the Iranian regime’s shipping, shipbuilding, energy and port management sectors.
The NDAA has an explicit exemption for food, medicine and other humanitarian goods.
According to a report by Reuters, China is among the Iranian regime’s main allies, but its shipping firms are also bailing out. China Shipping Container Lines Co (CSCL), among the world’s top 10 lines, has become the latest group to exit Iran, a CSCL official confirmed.
