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Corrected: Maersk Tankers to wind down customer agreements in Iran

Reuters  |  COPENHAGEN 

(Corrects first paragraph to make clear company not part of shipping group A.P. Moller-Maersk)

(Reuters) - Danish Tankers said on Wednesday it would wind down its customer agreements in by November following new U.S. sanctions on

"We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions," the company said in an emailed statement.

"We are closely monitoring developments and assessing the potential impact on our activities while staying in dialogue with our customers to inform them in case of changes," Tankers said.

Tankers operates 161 product tanker vessels worldwide.

Danish announced on Tuesday it would stop taking new orders in

was a part of until October last year, when the shipping group sold it off to family-owned A.P. Moller Holding A/S.

(Reporting by Emil Gjerding Nielson; Editing by MarkPotter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 19:47 IST