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Iran, Oman re-launch direct shipping line

Business Materials 14 May 2015 14:51 (UTC +04:00)
Iran and Oman have re-launched their direct shipping line after a 10-year cessation.
Iran, Oman re-launch direct shipping line

Baku, Azerbaijan, May 14

By Umid Niayesh - Trend:

Iran and Oman have re-launched their direct shipping line after a 10-year cessation.

A shipping route between Iran 's southern port of Shahid Rajaee and the Omani port city of Sohar has been established.

The new line will decrease the shipping costs between the two countries by 40 percent, Mehdi Noferesti, an official with the Iran 's ports and maritime organization said, the country's official IRIB news agency reported May 14.

Three vessels, including two container ships with capacity of 100 containers and a bulk carrier with capacity of 3000 metric tons will make trips between Iran and Oman every 15 days, Noferesti said.

Abdolhossein Khedri, the CEO of Khedri Jahan Darya Shipping company- the private Iranian company involved in the scheme- said that the container ships are capable of sailing from port to port within 36 hours.

The value of the annual trade between Iran and Oman is believed to stand at above $890 million. The two countries plan to increase the figure to as much as $3 billion within the next three years.

Edited by CN

Follow the author on Twitter: @UmidNiayesh

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