Cargo handling in Iranian ports tops 53.5m tons
A total of 53,582,107 tons of non-oil products were loaded and unloaded in Iranian ports during the first nine months of the current Iranian year (March 21-December 21, 2023), according to figures by the country’s Ports and Maritime Organization (PMO).
The figures indicate 21.3 percent of growth compared to the corresponding period last year, IRNA reported.
Iran has been seeking the development of its ports and transit infrastructure in recent years. As a result, the country has seen a significant growth in its transit trade and economic prosperity.
The strategic location of Iran, as it sits at the crossroads of key shipping routes connecting Europe and Asia, has made it an important transit hub for trade in the region. The government’s efforts to improve its ports and transit facilities have played a crucial role in further enhancing Iran’s position as a key player in the global trade network.
The development of ports in Iran has been a top priority for the government, with significant investments being made to modernize and expand key ports across the country. The aim is to enhance the efficiency and capacity of these ports, thereby making Iran an attractive option for transit and trade.
In recent years, major ports such as Bandar Abbas, Bandar Imam Khomeini, and Chabahar have seen significant upgrades in terms of infrastructure and facilities. These ports are going to be equipped with state-of-the-art technology and machinery to handle shipments more efficiently. The capacity of these ports has also been expanded to accommodate larger vessels and greater volumes of cargo.
The upgrade of ports has not only benefited Iran’s trade network but has also improved the country’s economy. The increased efficiency and capacity of these ports have resulted in reduced transit times and costs for shipments passing through Iran. This has made Iran an attractive option for transit trade, with more companies and countries choosing to use Iranian ports as part of their trade routes.
The growth in transit trade has contributed positively to Iran’s economy. The increased trade volume has led to a surge in revenue for the government, with the transit trade sector becoming a significant source of income for the country. In addition, the improved transit facilities have also led to the creation of job opportunities and economic development in port cities and surrounding areas.
One of the key factors contributing to the growth of transit trade in Iran is the country’s strategic location. Iran’s proximity to key markets in Europe and Asia makes it an ideal transit point for trade. This has made Iran an attractive option for companies looking to streamline their supply chains and reduce transit times for their shipments.