A police coast guard vessel patrols past container ship Valili carrying Islamic Republic of Iran Shipping Lines (IRISL) cargo in the waters of Singapore Strait off Sentosa island February 6, 2012. (REUTERS/Edgar Su)
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EU set to re-impose sanctions on more Iranian shipping companieshe European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic's transport sector which has sought an easing of trade restrictions, letters sent from the EU showed.The move, which comes at a critical time in international talks on Iran's nuclear program, is part of the EU's response to a series of court victories by Iranian companies that have overturned EU sanctions against them. The 40 companies, including Hamburg-based Ocean Capital Administration GmbH, were previously placed on the EU's sanctions list because the EU said they were controlled or otherwise linked to top national carrier the Islamic Republic of Iran Shipping Lines (IRISL), which had previously been blacklisted.
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