asdasdasdasdasdasdasdasdasdasd
All tagged shipping
◢ The Trump administration plans to strengthen enforcement of Iran sanctions now that it’s driven oil exports down to unprecedented lows, with a plan to increase pressure on global shippers, Chinese state-owned enterprises and exporters of raw materials used in metal production.
◢ Companies still doing business with a U.S.-sanctioned unit of China’s biggest shipping company have less than 60 days to wind down their transactions. The temporary reprieve comes after last month’s surprise announcement of sanctions against the Dalian units of China COSCO Shipping Corp.
◢ President Donald Trump warned Iran against a military provocation and said the country “will suffer greatly” if hostilities break out with the U.S. “We’ll see what happens with Iran. If they do anything it’ll be a very bad mistake, if they do anything,” Trump told reporters on Monday during a meeting with Hungarian Prime Minister Viktor Orban at the White House.
◢ Iran on Monday called attacks on ships in the Gulf "alarming", after the UAE and Saudi Arabia said several vessels including oil tankers were damaged in acts of sabotage off the Emirati coast. "The incidents in the Sea of Oman are alarming and regrettable," Iranian foreign ministry spokesman Abbas Mousavi said in an English-language statement on the ministry's website.
◢ With the web of US sanctions tightening, Iran faces a host of challenges as it looks to an isolated port in the country's far southeast to maintain the flow of goods. The port in Chabahar, only about 100 kilometers (62 miles) from the Pakistan border and located on the Indian Ocean, is Iran's largest outside the Gulf.
◢ The world's third largest shipping container group, the French-owned CMA CGM, has decided to withdraw from Iran over the threat of US sanctions, its chief executive said Saturday. "Because of the Trump administration, we have decided to end our service to Iran," Rodolphe Saade told an economic conference in Aix-en-Provence in southern France.
