Maersk cautioned of increasingly challenging times ahead for the shipping industry reporting that its volumes were off in the latest quarter and that is clear that freight rates have peaked.

The acting head of the Iranian Marine Industrial Company (IMIC), Meysam Rayatazad has said that a Russian bulk carrier is being repaired in Iran after being damaged by chunks of ice on the Volga River.

The Ports and Maritime Organization (PMO) as the duly authorized maritime administration of the Islamic Republic of Iran released a statement and explained about the registration of Iranian-related vessels.