Iranian ship flees detention in Sri Lanka
- Iran: Saturday, January 19 - 2013 at 01:53
An Iranian-flagged cargo ship has fled Sri Lanka's waters after weeks of detention by its navy, acting on a court order obtained by Germany's DVB Bank, Reuters has reported. Shipping sources told the news service the bank's attempt to seize ships to settle claims of millions of dollars in unpaid debts shows the growing difficulties facing Iran's fleet, which the Islamic Republic relies on for trade. "The Iranians are having an increasingly hard time, especially with their oil revenues hit by sanctions," one source said. "Their fleet will face more heat, with the US increasingly watching their every move."
- Burj Al Arab introduces 24-carat gold iPads
- Alcatel-Lucent brings the 'New PC Era' to...
- Qatar awards Impregilo-led consortium $2.2bn...
- BBM coming to iPhone and Android this summer
- Omantel launches Samsung Galaxy S4 LTE smartphone
- World's highest observation decks
- Blackberry's BBM to become available on...
- UAE cloud market set for 43.7% growth until...
- PepsiCo-Jordan receives Pepsi-Cola...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.