Tag Archives | shipping

MAG Boosts Iraq Shipping Capacity by 60%

By John Lee. Dubai-based MAG Container Lines (MCL), a division of the multinational MAG Group, has added three new automated vessels to its existing fleet on the UAE-Iraq route. According to the report from TradeArabia, the addition of the Al Hussein, MAG Bride (pictured) and MAG Pearl boosts the company's potential capacity on the route by 60 […]

Maersk Line Establishes Iraq Presence

Maersk Line has opened a new branch in the port of Umm Qasr, in the Basrah region of Iraq. Until very recently Iraq was seen as being too dangerous for Maersk Line to risk opening an office. Thankfully conditions are changing, and Maersk Line is determined to do its bit to both capture business for […]

Iraq to Order Eight Cargo Vessels

Iraq will offer contracts for the construction of eight cargo ships over the next four years in an effort to expand its fleet, reports Bloomberg. The government also expects to take delivery of a $14 million cargo vessel in the next two weeks. The vessel, built by the Avic Dingheng Shipbuilding Company of China, is […]

Iran, Iraq to Launch Joint Shipping Line

The Managing-Director of Iran's Ports and Maritime Organization (PMO), Seyed Ataollah Sadr, announced on Sunday that Iran and Iraq have reached an agreement on launching a joint shipping line. Speaking to the Iranian Fars News Agency, Sadr said the move will provide the groundwork for private companies from both countries' to set up a joint […]

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Iraq to Buy 3 More Ships from South Korea

Iraq's Transport Ministry said on Monday that it had agreed with the South Korean Doosan company to buy three 17,000 tonne vessels at a cost of $73 million (85 billion IQD), according to AKnews. Samir al-Karkhi, director of Marine Shipping Company, told the news agency that the Ministry of Transport is making efforts to restore […]

Iraq buys Freighter for $14m

Iraq has reportedly spent $14 million (16 billion IQD) a 7,000 ton commercial freighter called the Baghdad. Samir al-Karkhi, the director of the Marine Shipping Company, told AKnews the vessel will enter service in February and will address many of the obstacles faced by shipping in Iraq. "The Ministry of Transport is making great efforts […]

Private Shipping Strike Continues in Iraq

A shipping agent in Basra said on Sunday that private sector shipping companies   continued to strike for the sixth consecutive day in Khor Al-Zubair and Umm Qasr ports. A spokesman in Basra told AKnews that "our demands are focused on activating Law of 51 that the Iraqi Ministry of Transport refrains from its implementation, though […]

New Al-Faw Port to Cut Shipping Costs to Europe

According to a report from Iraq's National Media Centre, the new port at Faw [Fao], when completed, will reduce transport costs between Europe and Asia. Salah al-Khadir said the project will shorten the distance between Iraq and the other countries of the world, and especially the vessels coming from Asia to Eastern Europe, indicating that […]

More Details on Iraq's Giant Shipping Deal

We reported on Saturday that Iraq's Transportation Ministry has bought 66 ships from 'an international company'. Further investigation shows that the ships will be leased for a 5-year period from the Swiss company Global Refinery. The Swiss firm will also provide extensive training for the Iraqi workforce, including specialized programs for technicians and engineers. "There […]

Iraqi Transport Ministry Buys New Ships - Jobs to Follow

The Iraqi Transportation Minister, Amer Abdul-Jabbar, said that the ministry has signed a contract to purchase 66 vessels from an international company in order to reduce import expenditure, according to a report from AKnews. He said the ships will arrive next Monday and will create many job opportunities. Abdul-Jabbar noted that the project needs the […]