Thursday, December 23, 2010

Hong Kong Impounds Iran Ship

Hong Kong has detained an Iranian cargo ship, the Decretive. The authorities detained the IRISL vessel on 14 November for default on a $268 million loan owed to four banks led by the German bank HSH Nordbank. The loan was taken by IRISL to finance the construction of Decretive in 2008. Earlier this year, the authorities in Singapore impounded three IRISL ships for default on $210 million loan to a French bank. Uskowi on Iran broke the news of the seizure of those ships, and they’ve since been auctioned.

IRISL is under sanctions imposed against Iranian entities. Its chairman told reporters in Tehran that the banks improperly called in the loan in response to UN and US sanctions.


Anonymous said...

We do not needed ships

We soon will have atomic bombs

Israel will surrender

Iran can not be stopped

Amerikaa will be stopped

Anonymous said...

@anon 3:36

take it easy dude, gonna get a heart attack, take a pill, may be a bloody mary,,, relax... screw the Mrs and stop reading the internet too much.


Anonymous said...

its been demented.