A subsidiary of Islamic Republic of Iran Shipping Lines (IRISL); according to the U.S. Department of the Treasury, IRISLand affiliates have provided logistical services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).

Responsible for marketing and commercial activities, including stowage, planning, and port nomination, for IRISLvessels in Europe; also responsible for marketing and commercial activities for cross trading to and from ports in Asia and the Americas; provides services in cargo canvassing, liaison, and inland logistics and haulages for IRISL in Europe.

Reportedly owns IRISL Malta with Maraner Holdings Limited; V.A.T. Number DE217283818 (Germany); Europe office established by IRISL in 2001.

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.

Previously added to the SDN list on September 10, 2008, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their delivery systems; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action.

Listed by the European Union on July 26, 2010 as an entity owned or controlled by IRISL or an IRISL affiliate; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.