ShippingWatch

CMA CGM lands deal with top Iranian container carrier

State-owned Iranian container carrier Islamic Republic of Iran Shipping Lines (IRISL) has picked Maersk Line's major competitor, France's CMA CGM, as its close cooperation partner. This is the second time in just a few months that CMA CGM beats the Danish carrier.

Islamic Republic of Iran Shipping Lines (IRISL), the state-owned Iranian container carrier, has decided to form a collaborative partnership with French CMA CGM. According to the agreement, the two carriers going forward will use each other's vessels and operate joint routes as well as collaborating in terms of using various container terminals.

"The progressive lifting of sanctions should bring strong growth in trade between Iran and the rest of the world. This agreement opens new opportunities for CMA CGM to expand in this region," informs the carrier in a statement.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

DNB Markets says oil price could hit USD 100 a barrel

An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.

Cadeler secures two new deals

Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.

Further reading

Related articles

Latest news

See all jobs