IRISL
IRISL
Iran’s IRISL Group operates the Islamic Republic of Iran Shipping Line (IRISL), ranked 14th in Alphaliner’s rankings of leading carriers in 2019, with a consolidated capacity of more than 150,000 TEUs. One division, Hafaz Darya Arya Shipping Lines, provides services that connect Persian Gulf ports such as Bandar Abbas (Iran) and Jebel Ali (UAE) with major ports in China (Shanghai, Ningbo, Xiamen, Shenzhen) and Taiwan (Kaohsiung); both East-West and West-East. Such services could be impacted by the possible continuation of US, UN and EU sanctions against Iran’s military and military programs. Those sanctions target firms and individuals involved in affiliates of the IRISL Group that have provided logistical services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).