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Hanjin Shipping

Hanjin Shipping

Industry: 
Shipping
States: 
AZ
CA
IL
TX
Country: 
South Korea
Sources: 

"Deputy Head of Trade Development Organization of South Korea Kiman Nam and Managing Director of Iran's Ports and Maritime Organization Mohammad Saeednejad, in a meeting in Tehran on Sunday, discussed ways for increased presence of South Korean vessels in Iranian waters. Managing Directors of South Korean Hyundai, Pan Ocean and Hanjin shipping lines who took part in the meeting highlighted boosting the mutual cooperation on ports, sea and shipping lines. The Iranian official, on his part, said the country is ready to work with South Korean companies, and added Iran is ready for a shipping line agreement with the country. The South Korean official, for his part, said his country is ready for bolstering naval and port cooperation with Iran. Late in January, Iranian Parliament Speaker Ali Larijani and his South Korean counterpart Kang Chang-hee, in a meeting in Tehran, voiced their capitals' willingness to open new avenues for expansion of their bilateral relations in all spheres. The volume of non-oil trade transactions between Iran and South Korea stood at $6.2 billion in 2012.” (Fars, “Iran, South Korea to Enhance Maritime Cooperation,” 3/10/14)

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"South Korea's government said the country's top two shippers, Hanjin Shipping Co Ltd and Hyundai Merchant Marine Co Ltd, had ended direct shipments to Iran in May, with the Middle Eastern nation's economy already reeling from measures imposed by the West to curb its nuclear programme. Hyundai Merchant will also cease so-called trans-shipments of freight ultimately destined for or originating in Iran from June 15, while Hanjin halted such business on June 8, the marine, energy, finance and foreign affairs ministries said in a joint statement on Tuesday. Hanjin and Hyundai Marine, the only two South Korean shippers that had been dealing with Iran, both confirmed the government statement, saying they were cooperating in efforts against Iran's nuclear programme." (Reuters, "S.Korea shippers join overseas rivals in shunning Iran business," 6/10/2013)

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Uses Tidewater Middle East Co.’s private terminals in the Shahid Rajaee Port Complex. (Tidewater: Reflection of Tomorrow)

On June 23, 2011, the U.S. Treasury Department sanctioned Tidewater Middle East Co. (“Tidewater”), Iran’s major port operator, in response to the fact that Tidewater is owned by the IRGC and used by the IRGC for illicit activities including weapons shipments. (U.S. Department of the Treasury Press Center,  “Treasury Sanctions Major Iranian Commercial Entities,” 6/23/11)  Tidewater is also sanctioned by the EU for being owned or controlled by the IRGC. (Official Journal or the European Union: Council Regulation (EU) No 267/2010)

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Listed by the Iranian Ports and Maritime Organization as doing business with the Iranian Mazand Darya and Daryaye Abijonod.  (Ports & Maritime Organization: Companies Affairs Department: Liners)

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Listed by the Iranian Ports and Maritime Organization as doing business with the Iranian Pars Mesina.  (Ports & Maritime Organization: Companies Affairs Department: Liners)

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Hanjin has offices in Tehran and Bandar Abbas. 
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"South Korean shipyard Hanjin Heavy Industries [in September 2009] said it had been forced to put up for sale three container ships ordered at a cost of £60 million ($100 million) by the Iranian state shipping line after the Iranians said they could not pay the bill." (Daily Mail, "Revealed: The ghost fleet of the recession anchored just east of Singapore," 9/28/09)