Maersk Withdrawal of Iran Service Perhaps a Game-changer

October 11, 2012

Maersk Line container ships no longer to call at Iran ports, closing off a major supply chain to the country.

Maersk ended all cargo shipments to the Persian Gulf port of Bushehr on Sept. 30, and started refusing all outbound cargo on Sept. 24, making Iran's isolation from the world of trade almost complete, reports the 'Boston Globe'/Reuters.

Those dates now seem to have been a precursor to the chaos in Iran last week, when its currency, the rial, plunged and protests against high food prices spread throughout the country.

Source:  Boston Globe/Reuters.

Logistics News

Matson Paid $6.4 million in Port Fees to China

Matson Paid $6.4 million in Port Fees to China

Suez Canal Revenues Rise as Red Sea Tensions Ease

Suez Canal Revenues Rise as Red Sea Tensions Ease

Egypt's Suez Canal Revenues Rise 14% as Red Sea Tensions Ease

Egypt's Suez Canal Revenues Rise 14% as Red Sea Tensions Ease

Port of Oakland Sets Renewable, Zero-Carbon Power Record in 2024, Secures Clean Energy Storage Agreement

Port of Oakland Sets Renewable, Zero-Carbon Power Record in 2024, Secures Clean Energy Storage Agreement

Subscribe for Maritime Logistics Professional E‑News

Officials see'massive chaos' as a result of the shutdown, which may force US to shut down some airspace next week.
American Airlines reduces some management and support roles
Lula: CELAC summit will discuss Venezuela and US military presence