IRISL arrests MR tanker in Cyprus as it doggedly campaigns to recoup ships

Islamic Republic of Iran Shipping Lines (IRISL) has arrested a Greek-controlled, modern MR2 tanker in Cyprus, as part of a long-standing campaign to convince courts in several jurisdictions that it is the rightful owner of the vessel and two sisterships.

The 50,000-dwt Agios Nikolaos (built 2018) is anchored at Larnaca anchorage, following legal action taken by Grandest Shipping, an IRISL-controlled, Hong Kong-based entity that originally ordered the vessel as a newbuilding at Hyundai Mipo Dockyard.