Current Events

Reuters - The world's largest container firm suspended operations at several Iranian ports on Thursday, potentially disrupting critical food shipments as it complies with tightening U.S. sanctions. Maersk line, a unit of A.P. Moller-Maersk (MAERSKb.CO), manages several refrigerated ships and container vessels that transport food to the country, including wheat, rice and bananas from Asia. Shipments could be delayed for weeks as Maersk adjusts its operations in the Middle East, analysts said. "We are not sure how they are going to sort this out as it could disrupt food supply to Iran, especially ahead of the Ramadan festival," said Ker Chung Yang, an agricultural commodities analyst at Phillip Futures in Singapore >>>