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

Provides spare parts for shipping vessels; supplies mining and construction machinery.

Board members include Mohammad Ali Rezai (Chairman), Alireza Taghavi (Director), Mohammad Shariatmadar Tehrani, Mohammad Hossein Nikpey, and Sayed Azzi Olah Hashemi; company registration number: 52266.

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.

Listed by the European Union on December 1, 2011 as an entity linked to IRISL; with some exceptions, European Union member states must freeze all funds and economic resources owned, held or controlled by the listed entity, and prevent funds or economic resources from being made available to it; removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action.

Formerly sanctioned by the governments of Norway and Switzerland.