Returning to Suez and rates: the shipping contract conundrum
Shippers negotiating new contracts this year face a major rates dilemma as the maritime industry ...
Iraq’s ambitious plans for its future mega-port to offer an alternative to other Middle Eastern ports, and even the Suez Canal, would depend on overload transhipment to Turkey, which would be provided by state-owned Iraqi Republic Railways (IRR).
“We are working on a project to maximise the benefit of our geographical location and serve traders that want to take goods through Iraq to other countries via Turkey, once the Grand Port of al-Faw is completed,” IRR’s general director, Talib Jawad al-Husseini, ...
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