Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Monday announced sweeping reductions in tariff rates at Gwadar Port aimed at strengthening the deep-sea facility’s position as a competitive regional logistics and transshipment hub. In a statement, the minister said the revised policy is designed to significantly increase transit and international transshipment container traffic […]
SHIPPING
Iran allows two Pakistani ships through Hormuz
TEHRAN – Iran has granted special permission to two Pakistani ships to pass through the strategically vital Strait of Hormuz amid ongoing regional tensions. Read More: Iran charges $2 million for Hormuz passage According to officials, the approval was issued as part of efforts to facilitate essential maritime movement despite heightened security concerns in the region. The Strait […]
EU proposes sanctions on Russian coal, shipping
Strasbourg: The EU executive on Tuesday proposed a fresh wave of sanctions against Russia that would include a ban on coal imports and blocking Russian ships from entering European ports. The proposal, part of the bloc’s planned fifth wave of sanctions since the February 24 invasion, needs to be approved unanimously by the EU’s 27 […]
Megaship heads out of Suez after Egypt deal
The megaship MV Ever Given which blocked the Suez Canal for six days in March headed out of the waterway on Wednesday as Egypt and the vessel’s Japanese owners signed a final compensation deal that lifted its arrest. The ship weighed anchor and started to move north from the central canal city of Ismailia towards […]