Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

USA to cancel Iranian oil waivers

The USA has decided that it will not extend further waivers on Iranian oil imports after May 2, 2019.

Earlier this week, US President Donald Trump confirmed that Japan, South Korea, Turkey, China and India would no longer be exempt from US sanctions if they continue to import oil from Iran after the waivers end.

The goal of the policy is to bring Iranian oil exports to zero and deny the country’s government its principal source of revenue.

A statement from the Trump administration read: “The USA will continue to apply maximum pressure on the Iranian regime until its leaders change their destructive behaviour, respect the rights of its people, and return to the negotiating table.”

Meanwhile, the US State Department said: “We have had extensive and productive discussions with Saudi Arabia, the UAE, and other major producers to ease this transition and ensure sufficient supply. This, in addition to increasing US production, underscores our confidence that energy markets will remain well supplied.”

Heavy Lift | News

Bahri joins MACN thumbnail image

Bahri joins MACN

December 10 - Saudi Arabia’s Bahri has become an official member of the Maritime Anti-Corruption Network (MACN).
Views: 792
Cosdel ships to Riyadh Auction and Salon thumbnail image

Cosdel ships to Riyadh Auction and Salon

December 10 - Cosdel International Transportation, a Rock-it Cargo company, transported 447 vehicles from the USA and Canada to Saudi Arabia. The vehicles were up for sale at the Riyadh Auction and Salon during late November.
Views: 775
Al Faris supports Expo 2020 thumbnail image

Al Faris supports Expo 2020

December 6 - Al Faris has lifted and installed steel structures measuring up to 46 m in length at a construction project associated with the upcoming Expo 2020 in Dubai.
Views: 1088

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.