In International Shipping News 11/07/2016
Source: Arabian Supply Chain
Hyundai Merchant Marine, South Korea’s second largest shipping line will expand its routes linking the Middle East and the Asian region, as part of efforts to capitalise on a surge in shipping demand following the lifting of sanctions on Iran.
The shipper said it will mobilise a total of 12 container ships on two separate shipping routes, increasing services from what has thus far been just one route serving the Middle East and Asia.
Hyundai Merchant said it expects its market share for the Middle East-Asia route to rise to 13 percent from the current 8 percent.
International sanctions on Iran were lifted earlier this year, providing global companies with a chance to tap deeper into the country.
Source: Arabian Supply Chain
