Blogs

Massive Explosion at Shahid Rejaee port

Following the explosion and fire incident at Shahid Rajee Port, which resulted in significant loss of life, damage to port infrastructure, destruction of a large volume of containerized cargo, severe financial losses to cargo owners and container owners or shipping line, the entire safety, operational, and security protocols of the port have been called into question.  Fires caused by the huge explosion in the commercial port of Bandar Abbas in Iran on the morning of April 26 were spreading three days later,The explosion affected offices belonging to the port, and its intensity was sufficient to cause tremors felt in nearby cities, according to domestic reports. The blast also shattered the glass of buildings several kilometres away from the site of the incident Casualties & Emergency Response    - The death toll has risen to 70, with 1,210 injured, including 138 seriously hurt. Three Chinese nationals were among the injured.     - Firefighting efforts, aided by Russian aircraft, have contained the blaze as of April 28.     - Schools and offices in Bandar Abbas were closed, and residents were advised to stay indoors due to toxic smoke.  Cause of…

Continue ReadingMassive Explosion at Shahid Rejaee port

MANUAL OF PORT AND MARITIME SERVICE TARIFF BOOKLET

Entry of the force: 05 June 2023 Prepared by: Ports & Maritime Organization (PMO) Directorate General of Transit, Logistics and International Agreements Ports and Maritime Organization (PMO) Ports and Economic Affairs Department This booklet contains tariffs applicable to the port and maritime services and shall be a basis for the calculation of the tariffs and issuance of the invoices in respect of the cargos and ships entering Iranian northern ports after the effective date of the Booklet. It is to be noted that the basis for the calculation for the tariffs as per the following table all figures in this Booklet shall constituent the maximum tariffs to be applied: Scope The scope of this tariff booklet shall be all Iranian southern ports, harbors, lakes and navigable rivers and coastal waters. The basis for tariff calculation for the ship, containerized and non- containerized cargo Ports due, duties and charges on foreign ships and vessels shall be levied and collected on USD and charges less than 1 USD will be calculated in CENT. Ports due, duties and charges on Iranian ships shall be levied on USD and amounts less than…

Continue ReadingMANUAL OF PORT AND MARITIME SERVICE TARIFF BOOKLET

Iron Ore Shipments Fall 7%

Global iron ore shipments have fallen 7% y/y, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand. Australian cargoes have fared the worst, down 10% y/y while shipments from Brazil have weakened by 5% y/y. “The comparatively stronger Brazilian shipments are boosting average sailing distances, but tonne mile demand is nonetheless estimated to have taken a 6% fall y/y,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The weakness of iron ore shipments this year has intensified this past week in particular. A cyclone forced Australia’s largest iron ore port to close for three days, causing Australian shipments to drop 55% y/y. Brazilian shipments have also slowed, partly due to a fire in Vale’s facilities in port Tubarão. During the previous weeks, global iron ore shipments fell 1% y/y. “The weakening in iron ore shipments has contributed to a slump in freight rates. So far this year, the Baltic Dry Index (BDI) has on average been down 44% y/y. Furthermore, the capesize segment has performed even worse, with rates taking a 55% y/y hit,” says Gouveia. Iron ore is the largest dry…

Continue ReadingIron Ore Shipments Fall 7%