Shipping ahoy: Mending broken hearts and noses in Tehran

‘There is no place like Iran in the world, Iran is the heart of the world, And we are people of heart’. So went the poem quoted by the master of ceremonies at the conference held by the National Iranian Tanker Company in Tehran, the day after nuclear sanctions were lifted. Iran the heart of the world? That may be stretching the point a little but there’s no doubt something significant has happened here over the last couple of days. The imminent return of Iranian oil to the global market, happily coinciding with the 60th anniversary of NITC’s foundation, prompted the company to invite a host of businesses to Tehran in anticipation of renewing activities which were interrupted by the tightening of sanctions in 2012. The number of attendees – perhaps not as many as the official number of 650 people, comprised of 300 from overseas and 350 from Iran, but still enough to be impressive – showed how significant this country is for the international business community. Moreover, the range of companies in attendance, including but not limited to shipbrokers, shipowners, ship managers, trading houses, classification societies and IT suppliers, demonstrated the desire for market participants to grab a

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Source: CTRM Center

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