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

Mooreast to Divest Property, Boost Offshore Wind Expansion

Mooreast to Divest Property, Boost Offshore Wind Expansion

ADNOC LNG Tanker Crosses Strait of Hormuz

ADNOC LNG Tanker Crosses Strait of Hormuz

Trump Grants 90-day Extension to Jones Act Waiver

Trump Grants 90-day Extension to Jones Act Waiver

Raw Sugar Futures Falls After Two-Week High Alongside Coffee, Cocoa

Raw Sugar Futures Falls After Two-Week High Alongside Coffee, Cocoa

Subscribe for Maritime Logistics Professional E‑News

Russian diesel cargoes are redirected from Brazil due to global price surge
Airline cancels flights due to Middle East conflict
Gulf bourses mix as U.S. Iran talks stall. New fund lifts UAE share prices