Iran's market could help struggling container carriers

An easing of the western sanctions against Iran represents good news for the hard-pressed container carriers. Read on to learn which companies Drewry sees targeting the new market.

After US President Barack Obama last week secured sufficient votes from Democratic Senators to complete the nuclear accord with Iran, it now looks certain that the sanctions against the country will be eased - and this is good news for the hard-pressed players in the global container industry which are currently struggling with historically low rates, overcapacity and generally bleak prospects.

Iran has a population of around 80 million people, and they are expected to be very hungry for imported goods following years with limited access to the international market, notes analyst agency Drewry, adding that a significant increase in goods to the country will benefit carriers on the major East-West trades who are striving hard to fill their ships.

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