Neptune Lines’ new Middle East short sea vehicle transportation service is being given wiggle room to reach the volume peaks initially anticipated.
Genoa-based Fratelli Cosulich will start physical bunker supply operations in Bandar Abbas, Iran in early 2017, materialising a joint venture business with Islamic Republic of Iran Shipping Lines (IRISL).
Iran's Shahid Rajaee Port Authority, which controls Bandar Abbas port, and Belgium's Antwerp Port Authority have signed a memorandum of understanding to further develop trade between the two regions.
India has filed an appeal with the Detention Review Panel of the Indian Ocean Memorandum of Understanding on Port State Control (IOMOU), following the release of tanker Desh Shanti last week.
Indian foreign secretary Sujatha Singh has petitioned Iran for the “unconditional” release of Desh Shanti, the tanker under arrest at Bandar Abbas port.
India is to reject Iran’s demand for a $1m guarantee for the release of detained tanker Desh Shanti, an unnamed “top bureaucrat” has said.