Research and Markets: Iran Shipping Report Q4 2010

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/54597b/iran_shipping_repo) has announced the addition of the "Iran Shipping Report Q4 2010" report to their offering.

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's Iran Container View

In our view neither a projected slowdown in global box volumes nor current sanctions will slow growth in Iran's container shipping sector.

The country's main container port Bandar Abbas, defied the downturn in 2009, posting a year-on-year (yo-y) increase in box volumes of 10% to reach 2.2mn TEU. We project further growth over the mid term with the box throughput at the facility projected to pass the 3mn TEU milestone in 2014. Sanctions are currently concentrated toward Iran's oil production and gasoline exports, but we fear that with the spot light being shone on Iran's state owned shipping company, Islamic Republic of Iran Shipping Line (IRISL) container operations of the firm could be hit with more stop and searches of IRISL's vessels on the cards.

The company has already demonstrated its ability to get round previous sanctions and Iran has already fired a warning shot that if any of its ships are searched it will respond in kind. However, further sanctions could lead to downside potential to our trade and port throughput forecasts for Iran.

BMI's Iran Container Shipping Key Views:

Box throughput at Iran's main container port managed to continue growing in the downturn, highlighting the strength of box-shipping demand
Large young consumer base spurring container demand
Sanctions offer obvious downside risk to lines operating in Iran's container shipping sector
Port development likely to become reliant on domestic firms as international companies are warned off

While BMI holds a global container shipping view that the container sector's recovery will slow in H210, we believe that Iran is fairly well insulated from this threat and that box throughput at the port of Bandar Abbas will grow at a stronger rate than in 2009

BMI's Global Container Shipping Key Views:

Y-o-y recovery, but not near 2008 levels
Consumer demand in core box markets of US and Europe to fall
Weakening demand view starting to play out as peak-season surcharges delayed
Recovery signs in H1 may have been misleading
Intra-Asia trade routes an area of potential growth and development

Key Topics Covered:

Executive Summary

SWOT Analysis

Global Industry Overview

Market Overview

Industry Trends and Developments

Industry Forecast

Company Profile

Companies Mentioned:

AP MLLER-MAERSK
Mediterranean Shipping Company
CMA CGM
Neptune Orient Lines
Hapag-Lloyd
Evergreen Line
China Ocean Shipping Company
CSAV Shipping
China Shipping
Hanjin Shipping
Mitsui OSK Lines
Nippon Yusen Kabushiki Kaisha

For more information visit http://www.researchandmarkets.com/research/54597b/iran_shipping_repo

Contacts

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Source: Research and Markets