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    Iran avoids beaching 4 new 14,500ers by selling to Shanghai's Reach

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    Iran avoids beaching 4 new 14,500ers by selling to Shanghai's Reach
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    FOUR new 14,500-TEU vessels from Hyundai Heavy Industries have been sold by Islamic Republic of Iran Shipping Lines (IRISL) to a Shanghai NVOCC called Reach Holding Group to avoid being beached after the US re-imposed sanctions against Iran

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