Less than a fortnight before the first wave of US sanctions hit Iran on August 6, Hapag-Lloyd, the multinational German-based transportation company said it will increase its cargo and container transport rates to $300 per TEU for its Persian Gulf services.
Other international shipping lines are highly likely to follow in the footsteps of Hapag-Lloyd in making their services costlier here. Shipping insurance companies are probably behind this push because the ports of Persian Gulf have been perceived as high-risk following the imminent reimposition of US sanctions.
As a result, securing the services of international shipping lines won’t be a good value for money for Iran, except in times of emergency.
July 25, 2018 18:47
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Need to Explore Maritime Transport Alternatives
Second- and third-raters are now moving containers to the Persian Gulf and as they have a monopolistic position, they are bound to raise their transportation fees. Therefore, it is vital to find new, alternative shipping lines and replace them
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