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IRAN RELEASES THE MAERSK TIGRIS

IRAN RELEASES THE MAERSK TIGRIS

 

Reports in the shipping press are stating that Iran has released the Maersk Tigris and its crew after Maersk Line, who chartered the Rickmers operated vessel, placed a financial security in relation to the underlying long-running commercial dispute with an Iranian customer.

The 5470 teu vessel was transiting the Strait Of Hormuz when it was seized by Iranian patrol boats on the 28th of April. The seizure of the vessel relates to a cargo dispute dating back to 2005 according to sources at Maersk Line. Apparently 10 containers were shipped in January 2005 by Maersk Line to Dubai in the UAE for an Iranian company, however the containers were not taken up by the consignee. In accordance with United Arab Emirates law, the cargo was disposed of after a 90 day period by the local authorities.