The 7th exhibition of transportation, logistics and related industries will be held in Tehran from December 18-20, 2023 at Imam Khomeini Grand Mosalla in Tehran. Concurrent with the national transport day in Iran on December 17 and commemoration of transport week, the 7th exhibition of transportation, logistics and related industries will be held in Tehran [...]
India, the fastest growing major economy in the world, is seeing ever greater volumes of large boxships visiting its shores, necessitating the construction of far larger ports. The International Monetary Fund forecasts India’s GDP to grow 6.8% this year, while exports are accelerating at a rapid clip. The nation managed $422bn in exports last year, [...]
India’s Ministry of Ports, Shipping and Waterways has announced that the country will build a new container transshipment terminal, the Galathea Bay Transshipment Port. In a statement, the ministry said a transshipment hub in India would “attract Indian and regional transshipment traffic from the current hubs, save significant revenue loss, reduce logistics inefficiencies for Indian [...]
The vice economic of president referring Qataris welcome for the joint investment development with Bushehr province, said:” Economic cooperation between Iran and Qatar will strengthen through Bushehr province.” According to PMO portal, Mohsen Rezaei in the meeting of the economic, employment and investment working group of Bushehr province on Thursday noon November 3th, referring to [...]
Maersk cautioned of increasingly challenging times ahead for the shipping industry reporting that its volumes were off in the latest quarter and that is clear that freight rates have peaked. Seen as a bellwether for global trade and the economy, Maersk’s latest quarterly financial report added to the growing fears for a global recession. ”Our [...]
Daniyal Ebraif, Chairman of the Eurasian Economic Union and Trade Council in the meeting that was held with Jalil Eslami, the deputy of port and economic affairs of the Ports and Maritime Organization, informed about the interest of this union for transit investment in Iranian ports and the development of port and maritime cooperation. [...]
Shanghai plans to increase capacity by a quarter with a new regional container terminal (file photo) Shanghai port officials announced plans for a massive new container terminal that will expand the region’s throughput capacity by nearly a quarter. The project which calls for more than a $7 billion investment in the port capacity in [...]
EU NavFor protects commercial shipping in the region (EU Naval Force - Somalia) Further reflecting the progress that has been made in reducing the danger of piracy off the east coast of Africa and into the Indian Ocean, the shipping industry plans to formally end the “High Risk Area,” designation as of the first of [...]
Recent studies in geopolitics appear to concur that the Indian Ocean rim could become the world’s most important economic region, surpassing the Pacific Rim. Indeed, the competition amongst global super powers for control of the Indian Ocean and its resources has intensified. An important trade route for centuries, the Indian Ocean now commands major sea-lanes [...]
About IMO The mission of the International Maritime Organization (IMO), as a specialized agency of the United Nations, is to promote safe, secure, environmentally sound, efficient and sustainable shipping through cooperation. IMO currently has 171 Member States, three Associate Members, and 77 international non-governmental organizations in consultative status with IMO. Role of Iran in [...]
