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German lines slow joint Mideast loop

Markets

Thursday, August 02, 2012

The ocean carriers Hapag-Lloyd and Hamburg Sud have added an eighth vessel to their weekly Europe-to-Middle East and Indian Subcontinent IOS service and increased roundtrip voyage time from 49 days to 56 days. Although roundtrip voyage time on the IOS has increased by seven days, transit times between Europe and the Middle East and India remain roughly the same, as vessels will now slow steam one week on the return leg between Cagliari, Italy and Hamburg, Germany. ...

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