Already all major Shipping Lines stopped service to and from Iran. This week Hyundai Merchant Marine (HMM) has become the latest carrier to withdraw from Iran, after several deep sea and some feeder shipping lines have decided to stop calling at Iran due to tighter US and UN restrictions. HMM said it will remove the Bandar Abbas call from its Far East – Middle East Gulf ‘KMS’ service as of mid-June.
It is expected that within 1-2 months it will be nearly no Shipping Lines servicing Iran, except very few Shipping Lines, which are primarily Iranian own Shipping Line, like HDSL (previously known, as IRISL). This will affect quality of the service as well as the frequency of vessels. Ultimately the rates will aslo increase. The liners have adopted a GRI of USD 600 / TEU on China Ports – Bandar Abbas lane. Consequently, there will be a GRI for the cargo back fm Bandar Abbas to Far East.