A large part of the Islamic Republic of Iran Shipping Lines (IRISL) fleet has regained protection-and-indemnity (P&I) cover from Steamship Mutual.
More than 50 IRISL vessels have been entered in the International Group club that was a key insurer of the Iranian fleet before sanctions ended the relationship in 2009.
IRISL has put containerships, larger bulk carriers, multipurpose (MPP) vessels and offshore support craft into the club and appears to be prioritising ships that are actively trading internationally.
