"Iran Shipping Report Q2 2015" now available at Fast Market Research

The outlook for the Iranian shipping sector is brighter than it has been in recent years, and we forecast a second consecutive year of growth at the primary container port of Bandar Abbas in 2015. The ongoing easing of sanctions - not least on the port operator itself - will boost throughput. However, we note increased risk to our projections since our last quarterly update, as plummeting oil prices will weigh on Iranian economic activity and port throughputs.

Our outlook for the Iranian shipping sector depends on the current rapprochement between the pariah state and the West, and the attendant relaxation of sanctions, continuing. The Iranian economy will expand slowly in 2015 as talks on the nuclear programme continue without reaching a breakthrough, and BMI projects real GDP growth of 2.8% in 2015, following our estimate of a 2.9% contraction in 2013 and 2.8% growth in 2014. The shipping sector will be a major beneficiary of an easing of sanctions, not only through a general recovery in the economy, but also from a fundamental perspective. The removal of port operator Tidewater from EU sanction 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.

Full Report Details at
- http://www.fastmr.com/prod/962500_iran_shipping_report_q2_2015.aspx?afid=301

Headline Industry Data

* 2015 port of Bandar Abbas throughput forecast to grow by 6.7%, and average growth of 6.8% to 2019.

* 2019 port of Bandar Abbas throughput expected to reach 2.19mn twenty-foot equivalent units (TEUs) - still insufficient to match 2011 volumes.

* 2015 total real trade is forecast to return to contract by 0.4% as oil prices fall.

Key Industry Trends

Trade With India To Be Boosted By New Port : The development of the new Chabahar port in Iran is continuing apace. The facility is being constructed with an eye to increasing trade between Iran and India. In...

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.

Key Benefits

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