Recently published research from Business Monitor International, "Iran Shipping Report Q4 2014", is now available at Fast Market Research
[USPRwire, Mon Sep 15 2014] We forecast that Iran will return to economic growth in 2014, with real GDP set to expand by 3.2% following a 2.9% contraction in 2013. Container shipping also is set to take tentative steps to recovery, and the removal of port operator Tidewater from EU sanctions lists means that international shipping companies are set to begin calling at Iranian ports such as Bandar Abbas once more. Growth will take time to recover, however, given the massive inflation seen in Iran in recent years, and the damage done to consumers' purchasing power as a result.
Headline Industry Data
* 2014 Port of Bandar Abbas throughput forecast to grow by 5.6%, and average growth of 6.5% to 2018.
* 2018 Port of Bandar Abbas throughput expected to reach 2.04mn twenty-foot equivalent units (TEUs) - still not enough to match 2011 volumes.
* 2014 total real trade is forecast to return to growth at 6.0%, and average 2.5% to 2018.
Full Report Details at
Key Industry Trends
International Container Services To Resume At Shahid Rajaee: Iran-based Tidewater Middle East Company, operator of the Iranian port of Shahid Rajaee, otherwise known as Bandar Abbas, will resume its international container services at the port on July 20. The move comes after EU sanctions against the operator were eased, which prohibited any EU person or entity from making direct or indirect payments in favour of Tidewater.
Governments Plan To Link Bushehr FTZ With Al Ruwais Port: The Iranian and Qatari governments are working on plans to connect an upcoming free trade zone (FTZ) in the Iranian port city of Bushehr with the Qatari port of Al Ruwais. The two governments have reached a deal to set up the FTZ. Iran has already established an alliance of private businesses that will invest in the projects.
Governments Reach Tripartite Agreement For Chabahar Port Development: The governments of India and Afghanistan have entered a tripartite agreement for the construction of the Chabahar port in Iran. The port development will be a major boost to...
The Iran Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Iran.
BMI's Iran Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Iran.
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