Recently released market study: Iran Shipping Report Q1 2010

PR Log (Press Release) – Dec 23, 2009 – The major development in Iran's maritime sector over the last quarter are announcements from one of the country's main shipping companies, the state-owned National Iranian Tanker Company (NITC), about the company's 2008 results and its plans for the future. On April 22 2009 the NITC announced that the company had recorded a US$510mn net profit in the last Iranian financial year (March 2008-March 2009). The company's revenue was US$1.5bn. NITC chairman Mohammed Souri is reported by the Iranian Moj News Agency as stating that 'in 2008, NITC transferred 103mn tonnes of petroleum product abroad.' On a separate occasion Souri announced that the NITC would benefit from an expected doubling of oil exports from the Middle East over the long term, and that the company was keen to expand its liquefied natural gas (LNG) operations by adding a planned 40 new LNG carriers to its fleet. BMI notes that while 2008 was a good year for the company and the future looks bright, the NITC will have to ride out a bumpy 2009. The company's operations will be hit by the downturn in oil demand, which has seen the price of oil fall dramatically from its 2008 high. The liquid bulk sector has suffered, and tanker charter rates have plummeted. The only thing really keeping the sector afloat is the use of tankers for oil storage purposes. The predicted impact of the downturn on Iran can be viewed in BMI's trade forecasts. In 2009 we expect imports and exports to fall by 4% and 5%, respectively. This downturn will manifest itself in a fall in throughput at Iran's ports. Container throughput at one of the country's main ports, Bandar Abbas, is expected to fall by 6.4% in 2009. We predict that trade growth will begin to recover in 2010, with total trade volumes for Iran forecast to increase by 3.9%. As well as an in-depth analysis of Iran's shipping sector the Q309 Iran Shipping Report also offers a global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largest shipping lines in the world and their strategies over the quarter to weather the downturn in trade volumes.

For more information or to purchase this report, go to:

-  http://www.fastmr.com/prod/43673_iran_shipping_report_q1 ...

Report Table of Contents:

Executive Summary

- SWOT Analysis

- Iran Shipping SWOT

- Iran Political SWOT

- Iran Economic SWOT

- Iran Business Environment SWOT

- Global Overview

- Container Market Overview

Table: H109 Container Carried Results

- Dry Bulk Overview

- Liquid Bulk Sector Overview

- Market Overview

- Port of Bandar Abbas

- Overview

- Terminals

- Expansions And Developments

- Multi-Modal

- Industry Forecast

Table: Major Port Data

Table: Trade Overview

Table: Key Trade Indicators

Table: Main Import Partners

Table: Main Export Partners

- Company Profiles

- A.P. MØLLER-MAERSK

- Mediterranean Shipping Company

- CMA CGM

- Evergreen Line Overview

- China Ocean Shipping (Group) Company (COSCO) Overview

- Hapag-Lloyd- Q409

- Neptune Orient Lines (& APL)

- China Shipping (CSCL)

- Nippon Yusen Kabushiki Kaisha (NYK)

- Hanjin Shipping

- Mitsui OSK Lines

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