New Market Study Published: Iran Shipping Report Q3 2012
BMI is forecasting a recession in Iran in 2012 and 2013 as the Middle Eastern country struggles to maintain itself economically in the face of sanctions against its crude oil exports, the primary source of revenue in the country. Despite this, BMI's Shipping team projects growth at the country's primary container port Bandar Abbas, albeit at less than 1%. The sanctions against the export of Iranian crude are having wider reverberations, and are redrawing shipping lanes as importers of Iranian...
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