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French shipping firm CMA CGM ends Iran ops due to U.S. sanctions threat

Reuters  |  AIX-EN-PROVENCE, France 

AIX-EN-PROVENCE, France (Reuters) - French shipping group CMA CGM has decided to pull out of Iran following the Trump administration's decision to renew sanctions on companies operating in the country, its chief executive said on Saturday.Some other big shipping companies like A.P. Moller-Maersk have already said they would halt business ahead of a reimposition of sanctions following the United States' decision to pull out of the 2015 Iran nuclear accord."Due to the Trump administration, we have decided to end our service for Iran," CMA CGM chief Rodolphe Saade said during an economic ...

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First Published: Sat, July 07 2018. 17:52 IST