EghtesadOnline: Less than a fortnight before the first wave of US sanctions hit Iran on August 6, Hapag-Lloyd , the multinational German-based transportation company said it will increase its cargo and container transport rates to $300 per TEU for its Persian Gulf services.

EghtesadOnline: German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.