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Friday, October 21, 2016

Maersk Withdrawal of Iran Service Perhaps a Game-changer

October 11, 2012

Photo credit Wiki CCL 2

Photo credit Wiki CCL 2

Maersk Line container ships no longer to call at Iran ports, closing off a major supply chain to the country.

Maersk ended all cargo shipments to the Persian Gulf port of Bushehr on Sept. 30, and started refusing all outbound cargo on Sept. 24, making Iran's isolation from the world of trade almost complete, reports the 'Boston Globe'/Reuters.

Those dates now seem to have been a precursor to the chaos in Iran last week, when its currency, the rial, plunged and protests against high food prices spread throughout the country.

Source:  Boston Globe/Reuters.

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