DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r3fzpg/iran_shipping_repo) has announced the addition of the "Iran Shipping Report Q3 2012" report to their offering.
The Iran Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Iran's shipping industry.
BMI is forecasting a recession in Iran in 2012 and 2013 as the Middle Eastern country struggles to maintain itself economically in the face of sanctions against its crude oil exports, the primary source of revenue in the country. Despite this, BMI's Shipping team projects growth at the country's primary container port Bandar Abbas, albeit at less than 1%. The sanctions against the export of Iranian crude are having wider reverberations, and are redrawing shipping lanes as importers of Iranian crude look to other markets to provide their energy needs.
Headline Industry Data:
- 2012 Port of Bandar Abbas throughput growth forecast 0.6%, and to average 3.0% per annum to 2016.
- 2016 Port of Bandar Abbas throughput expected to reach 3.24mn twenty-foot equivalent units (TEUs).
- 2012 total trade forecast to endure contraction of 14.5%. Key Industry Trends 2012 Political Impact On Crude Oil Shipping
Emanating From Iran BMI believes that the latest round of sanctions imposed upon Iran, which are aimed specifically at the country's crude oil exports, including its transportation, will shake up the crude oil tanker sector in 2012.
Tankers operating between Iran and Japan, South Korea and India will be the most affected as vessel insurance dries up and these countries look to comply with the spirit of the Western sanctions. Although China is the largest importer of Iranian crude, it seems likely that the Chinese government will ensure that imports continue unabated.
For more information visit http://www.researchandmarkets.com/research/r3fzpg/iran_shipping_repo