Container Rates Stall as Capacity Glut Offsets Hormuz Shock
Container spot freight rates on the main east-west trades largely flatlined this week as excess capacity and uneven demand failed to further spur recent pricing increases by carriers.
Maersk Tigris, file image (c) Damietta Port Authority/MarineTraffic.com
The containership Maersk Tigris has been released today from Iranian control according to a statement from Rickmers Group, the operators of the vessel. The ship and her 24 crew were seized by the Iranians on the 28th of April while sailing through the Strait of Hormuz en route to Jebel Ali.
This development comes following an Iranian court order from Bandar Abbas.
“The release follows a constructive dialogue with the Iranian authorities, including the Ports and Maritime Organization, and the provision of a letter of undertaking in relation to the underlying cargo case,” Maersk Line said in its own statement. “We will continue our dialogue with the aim to fully resolve the cargo case.”
Rickmers says Maersk Tigris will continue its scheduled voyage to Jebel Ali where representatives of Rickmers Group and other relevant parties will attend the crew and the vessel.
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