Korean Air Cargo and Uzbekistan Airways have reached an agreement on moving cargo from Korean's network to Tehran via Uzbekistan Air’s Navoi hub by tapping the Tashkent-based airline’s twice weekly 767-300F service to the Iranian capital. The deal extends a partnership already in place between the two carriers to feed cargo into Frankfurt from the Navoi hub. The move comes after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a deal on 14 July 2015, … [Read more...] about Korean Air Cargo heads to Tehran with Uzbekistan Air
Iran
Iran’s pent-up commercial demand is set to be unleashed
The ending of the sanctions against Iran is set to unleash the country's commercial instincts and boost Anglo-Iranian trade according to Davies Turner, a leading UK independent freight forwarder and logistics expert. Davies Turner is already on the ground and actively reconnecting Iranian business to international trade, having maintained an office in the country for more than 50 years. If present progress is maintained, the historic deal between Iran and the powers representing the … [Read more...] about Iran’s pent-up commercial demand is set to be unleashed
Iran's pent-up commercial demand is set to be unleashed
The ending of the sanctions against Iran is set to unleash the country's commercial instincts and boost Anglo-Iranian trade according to Davies Turner, a leading UK independent freight forwarder and logistics expert. Davies Turner is already on the ground and actively reconnecting Iranian business to international trade, having maintained an office in the country for more than 50 years. If present progress is maintained, the historic deal between Iran and the powers representing the … [Read more...] about Iran's pent-up commercial demand is set to be unleashed
Oil production surplus highest in 17 years: IEA
A global glut of oil is forecast to last through 2016 despite the strongest demand growth in five years and faltering supply, both of which have failed to clear the surplus, according to the International Energy Agency (IEA) in its latest monthly report. This has seen jet fuel prices slide more than 47 per cent compared with a year ago, according to the latest statistics from the International Air Transport Association (IATA). The global oversupply will average 1.4 million barrels a day in … [Read more...] about Oil production surplus highest in 17 years: IEA
