Container throughput at Iran’s ports is anticipated to see a 25% annual growth boom in the next five years as a result of the relaxation of sanctions between the EU, Iran and ‘P5’ countries, which includes the US and China, according to the Journal of Commerce.
Mehdi Rastegary, Head of Research and Development with Sina Ports & Marine Services, said: “Within the coming five years, Iran can expect to expand its throughput to around 8 million TEU per annum, equating to 25% growth on an annual basis.
“Iran is moving towards becoming a global trade power. It is already an influential member of several important supranational economic organisations, including the Gas Exporting Countries Forum, the Economic Cooperation Organization and Organization of Petroleum Exporting Countries.
“The expectation is it will eventually join others, including the World Trade Organization.”
The agreement reached in July, 2015, between the EU, Iran and the ‘P5’ countries is anticipated to relax sanctions.
Rastegary continued: “Development of the Iranian fleet in the post-sanction years will be a main driver of throughput at Iranian ports.”
Collectively, Iranian ports can handle 5.34 million TEU annually.