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Hanjin Shipping

Hanjin Shipping

Industry: 
Shipping
Value of USG Contracts: 
368
States: 
AZ
CA
IL
TX
Country: 
South Korea
Sources: 

 

“A NUMBER of Asian carriers, including Hanjin Shipping and Hyundai Merchant Marine, have been deploying their ships to Iran since as early as June last year following the lifting of UN sanctions against Iran. Hanjin, South Korea’s biggest container shipping line, and rival HMM resumed calling at the port of Bandar Abbas in June 2015, a month before the United Nations Security Council approved a resolution creating the basis for international economic sanctions against Iran to be lifted and establishing a monitoring system for Iran’s nuclear programme. Neither line, it should be noted, called upon entities included on the UN sanction list. Trading with Iran itself was never sanctioned, only trading with listed entities or persons. Nonetheless, the world’s container lines shied from trading with Iran until the political climate changed. Hanjin’s case is instructive. It cut Bandar Abbas from its FMX rotation when the operator of the terminal where it called was found to be linked to a sanctioned entity. Another operator not subject to sanctions, Sina Port and Maritime Co, eventually took control of the terminal, after which Hanjin resumed its service to Bandar Abbas as of June 30, 2015… Hanjin Shipping and OOCL said their services to Iran have not been affected by the increased tension in the Middle East.” (Lloyd’s List, “Asian shipping lines resume calls to Iran,” 1/6/2016)

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"Container lines are racing to initiate services to Iran following the nuclear accord... Some Asian lines — including Hyundai Merchant Marine (HMM), Hanjin Shipping, Yang Ming, Wan Hai and PIL — are ahead of the game, having already reinstated services that were mostly cut off as a result of Iranian sanctions in 2013. According to Alphaliner, HMM has included Bandar Abbas (Shahid Rajaee) in its South Korea-to-East Asia-to-Middle East 'KMS' service since April, deploying seven ships of 6,300 teu to 6,800 teu, while Hanjin and Yang Ming are set to serve Iran this month on two separate services using around 13 ships of 4,000 teu to 8,588 teu." (TradeWinds, "Floodgates to open as lines jockey for position in Iran," 7/31/15)

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"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)