The Managing Director of the Republic of Iran Shipping Lines, Mohammad Hossein Dajmar, has reported a drop in the organization’s revenues, from USD 2 billion to below USD 1 billion. He said that in addition to the sanctions, the global economic crisis has greatly affected global trade, and these are the main reasons for the decline in Iran’s shipping revenues. Dajmar also said that because of Western pressure, Iranian ships cannot fly the Iranian flag, and the Iranian flag is only being flown in some instances. He also pointed out the decline in oil volumes being shipped from Iran to foreign countries, and said that European countries are currently preventing Iranian ships from docking at their ports, and only countries like India and China, with whom Iran has trade relations, are not preventing the docking of Iranian ships.
Sharp decline in Iran Shipping Lines revenues
- Published: 7 months ago on Friday, 17 May 2013
- By: Iran Daily Brief
- Last Modified: May 17, 2013 @ 3:14 pm
- Filed Under: Economy
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