Copenhagen: Iran will release a cargo vessel chartered by Danish shipping group A P Moeller-Maersk as soon as the company settles a debt stemming from a long-running business dispute, the Iranian embassy in Denmark said yesterday. “Iranian authorities reiterate that there has been absolutely no political or security intentions or considerations behind the incident,” the statement said. “The seizure of the ship was solely an enforcement of a judicial court ruling resulting from a commercial dispute between two private parties,” it added. Maersk said it was told by the Iranian Ports and Maritime Organisation at a meeting on Wednesday that an Iranian court had ordered it to pay $3.6m in compensation in the case.
Agencies
