Some 15 shipping lines dock at Iran’s largest port

Business Materials 22 November 2015 19:14 (UTC +04:00)

Baku, Azerbaijan, Nov. 22

By Khalid Kazimov - Trend:

Currently 15 international shipping lines have started docking at Iran's largest trade port of Rajaei on regular bases, Ebrahim Eidani, the provincial head of Port and Maritime Organization in Hormuzgan province said.

He added that the international shipping lines are interested in docking at Rajaei Port as his organization provides proper service, IRNA news agency reported.

Earlier in 2013 Iranian media reported that the intensification of international sanctions greatly narrowed Iran's maritime trade, and the foreign shipping lines stopped operating at the most important Iranian trade port of Rajaei.

The last four shipping lines stopped berthing at the port in June 2013 while about 30 foreign shipping lines cut ties with Iran.

Rajaei port, which is located near the Strait of Hormuz in Southern Iran, is the country's key port for importing and exporting goods.

The long running sanctions imposed by the west on Iran have weakened the country's economy and industry.

However, following reaching nuclear agreement between Tehran and the world powers in July many foreign companies are considering new projects in Iran.

The possibility of lifting or suspending the sanctions has created hopes for a boom in Tehran's economy and industrial sectors which had been starved of foreign investment over the past years.

Iranian officials have expressed hope that the sanctions will be lifted in the first quarter of the coming year.