IRISL Handles Half of Domestic Container Throughput
The maritime fleet of the Islamic Republic of Iran Shipping Lines handles half of the cargo container throughput in the country, said the director general of Container Transportation Company—an IRISL division.
Hamzeh Keshavarz added that 17 international shipping lines offer regular services at Shahid Rajaee Port, Iran’s biggest container port accounting for more than half of Iran’s total port throughput, Mehr News Agency reported. According to Keshavarz, Container Transportation Company handled 450,000 TEU of cargo in Shahid Rajaee Port in the first five months of the current Iranian year (March 21-Aug. 22). “The company’s revenues saw a 53.8% rise in the period under review,” he said. Earlier this month, IRISL CEO Mohammad Saeedi announced South Korean banks are to provide $500 million in finance to fund the state-run entity’s purchase of 10 new vessels. Maritime transportation accounts for 85% of Iran’s foreign trade. About 49 million tons of non-oil goods were exported from Iranian ports last year, while container throughput stood at 58.2 million TEU.
source: Financial Tribune
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
