Iran may now pose a threat to multimodal supply chains via Dubai
Iran’s seizure of the 15,000 teu MSC Aries over the weekend is a cause for ...
Amid the fury at the attacks on the Saudi oil refinery that is the world’s largest petroleum processing plant and produces 6m barrels a day, this report from Splash247 outlines the immediate effect on one of the largest consumers of oil – the shipping industry. The attacks, which took place over the weekend, followed a week in which some of the world’s largest bunker ports had been reporting low stocks of high-sulphur fuel oil (HFSO), which is set to be banned from 1 January next year under the new IMO low sulphur regulations unless the vessel is fitted with a scrubber exhaust cleaning system. Splash247 reports that the price of Brent crude saw its largest ever one-day gain today, and that shipowners that have invested in scrubbers could be the most vulnerable to the continuing fall out in the markets.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
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Flexport is 'back on track' – now it needs to start growing again
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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