Published: July 20, 2011

Research and Markets: Iran Shipping Report Q3 2011: Risks Continue to be Seen in all Three Core Shipping Sectors

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DUBLIN - (BUSINESS WIRE) - Research and Markets (http://www.researchandmarkets.com/research/ed9fe8/iran_shipping_repo) has announced the addition of the "Iran Shipping Report Q3 2011" report to their offering.

This new report provides comprehensive insight into the Iranian shipping industry:

With the majority of key economic and political powers throughout the Middle East and North Africa (MENA) apparently on board to use all means necessary to halt Tehran's nuclear ambitions, the US would meet little resistance among its key allies should it decide to use the military option to halt Iran's weapon programme, in BMI's view.

In terms of shipping, on a global level this report continues to see risks to all three core shipping sectors (container and dry and liquid bulk), with overcapacity and a drop in demand continually threatening to push down rates and impinge on lines' profits. As austerity measures take hold across Europe, and the US continues to have high unemployment and recover from the downturn sluggishly - shipping growth may slow considerably.

Bandar Abbas has proved to be a resilient port in the face of adversity, with double-digit growth continuing in 2010. However, the days of such growth seem to be at an end as the effect of international sanctions against Iran bite. While the port registered estimated container throughput growth of 17.5% year-on-year (y-o-y) in 2010, this is set to fall to 1.4% in 2011.

Key Industry Data:

2011 Port of Bandar Abbas throughput growth forecast 1.4%, and to average 2.72% per annum to 2015.
2015 Port of Bandar Abbas throughput expected to reach 2,963,131 20-foot equivalent units (TEUs).
2011 total trade real growth forecast at 0.11%.

Key Industry Trends: Iranian Oil All At Sea - International sanctions imposed on Iran have resulted in the Middle Eastern country storing as many as 38mn barrels of crude oil at sea, according to the president of Overseas Shipholding, Morten Arntzen. Seized Ships Handed Back - In April 2011, the last of five cargo ships that had been seized was handed back to Iran in Malta. With European banks calling in loans to Islamic Republic of Iran Shipping Lines (IRISL), Iranian vessels had been impounded around the world in 2010.

Pressure put on Lines with Iranian Links - Also in April, the US-led protest group United Against Nuclear Iran (UANI) put pressure on French shipping giant CMA CGM to halt business operations with Iran because of the Middle Eastern country's 'pursuit of an illegal nuclear weapons programme'.

Key Topics Covered:

SWOT Analysis