BMI Industry View

The outlook for the Iranian shipping sector is brighter than it has been in recent years, and we forecast a second consecutive year of growth at the primary container port of Bandar Abbas in 2015. The ongoing easing of sanctions - not least on the port operator itself - will boost throughput. However, we note increased risk to our projections since our last quarterly update, as plummeting oil prices will weigh on Iranian economic activity and port throughputs.