The new shipping line will be launched with the support of the Islamic Republic of Iran Shipping Lines (IRISL). Credit: Aun Photographer / Shutterstock.

Iran has announced its plans to introduce a direct shipping line to Latin America and South Africa in the upcoming months.

The new shipping line will be launched with the support of the Islamic Republic of Iran Shipping Lines (IRISL) and will support the development of Iran’s non-oil trade with the nations in the stated regions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Iranian Chamber of Cooperatives (ICC) non-oil trade and export development committee head Babak Afghahi said that the line will link southern Iranian ports to the ports of South Africa, and then, to Latin American countries, including Brazil.

Afghahi said: “With the support of the Islamic Republic of Iran Shipping Lines, considering the capacity of Iran’s cargo export to the mentioned destinations, the chambers of commerce across the country, the Trade Promotion Organization (TPO) of Iran, and other export bodies have been informed about the new development.”

As informed by IRNA, in the first six months of the past Iranian calendar year from 21 March to 22 September 2019, the Islamic Republic’s dealings with South Africa reached nearly $43m.

In the same period of its preceding year, the numbers stood at $27m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Over the past few years, Iran has been introducing a number of direct shipping lines to its main trade destinations to expand non-oil trade.

Earlier this month, Iran-Syria Joint Chamber of Commerce head Keyvan Kashefi declared the launch of a direct shipping line between Iran’s southern port of Bandar Abbas and Syria’s Mediterranean port of Latakia.

Iran has also established five direct shipping lines to Oman and is currently preparing to launch direct routes to Qatar, Russia, India, and Turkmenistan.