The Islamic Republic of Iran Shipping Lines (IRISL) Archives - Iran News Daily

IRISL to Repeat Last Year’s Record for Transporting Goods

mahla — Tue, 04 Oct 2022 05:36:34 +0000

TEHRAN (Iran News) –Head of the Islamic Republic of Iran Shipping Line Group (IRISL) says the group intends to repeat and even improve last year’s record of transporting goods.

Speaking on the occasion of World Maritime Day (September 28), Mr. Mohammad Reza Modarres Khiabani said that seafarers as the soldiers of the sacred Islamic Republic of Iran establishment have bravely stood and resisted against the economic war of the enemies and helped national economy to continue its life.

Emphasizing the pick-up and boom for the IRISL in the past year and especially for the sea transportation, he said that last year the Islamic Republic of Iran’s shipping fleet transported over 719,000 TEU containers which showed 69% growth comparing to the previous year while the growth in transportation of bulk cargo was 28%.

Modarres Khiabani who was speaking in the annual general assembly of the group said that the IRISL has moved over 26.7m tons of cargo last year which shows 41% growth comparing to the preceding year and it was a new record set by the group.

He went on to say that of the mentioned amount of the transported goods, over 10.3m tons belonged to exporting goods and it was also 9% growth comparing to the preceding year, and transportation of 8.6m tons belonged to the imported goods and it also registered 74% growth comparing the preceding year.

He noted that the rial revenues of the group was 382,000b rials as the operational revenues grew 151% comparing to the preceding year and it was a historic record, and it is expected this trend of success continues this year and the historic record would be repeated and improved this year.

He noted that the dollar revenues of the group this year was $1.6b while the figure was $770m in the preceding year, reiterating that the net forex profit of the group was $470m last year while it was only $29m in the preceding year and it shows a considerable growth.

Modarres Khiabani added that the profit margin of the group was 28% in the last fiscal year and the group has been able to settle some of its past dues.

He then reiterated that the group is keen to expand its fleet and for this reason it has ordered building of two container ro-ro ships as well as two multi-functional vessels.

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IRISL Reports $778 Million Revenues amid Sanctions

reporter 1222 — Thu, 17 Sep 2020 10:27:35 +0000

TEHRAN (Iran News) – The Islamic Republic of Iran Shipping Line Group (IRISL) said revenues of the company topped $778 million in the year ending June 21 despite a series of harsh US sanctions seeking to choke off the country’s trade.

IRISL CEO Mohammad Reza Modarres Khiabani said on Wednesday that the state-run shipping lines had carried more than 23 million metric tons of cargoes and earned revenues over the 12-month period, a sign that US sanctions had barely disrupted trade to and from Iran.

“This figure has been achieved despite the oppressive sanctions and the coronavirus outbreak,” said Modarres Khiabani, making a reference to lower demand for container shipping around the world as a result of the pandemic.

He said that IRISL’s share of operations in southern Iranian ports, frequented by international container ships, had been around 19 percent in the year ending late June, adding that the group had less than a third of the market in northern Iranian ports over the same period.

Modarres Khiabani said a key issue in IRISL’s operation over the 12-month period was to comply with strict international standards on the use of new fuels for its ships.

He said the company had spent a total of $145 million on low-sulfur fuels, half of which had been obtained trough foreign suppliers, to comply with mandatory regulations of the International Maritime Organizations that came into effect in early 2020, Press TV reported.

That caused the net profit of the IRISL to drop to juts more than $14 million, he said, adding that gross profits over the year in question had amounted to nearly $85 million.

He said shipping large cargoes of Iranian fuel to Venezuela, a country also under American sanctions, was a major victory for the IRISL, describing the conclusion of the operation in June as a historic moment for the company.

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IRISL ranks 14th among world’s top 100 shipping lines

reporter 1222 — Tue, 25 Jun 2019 07:01:45 +0000

The Alphaliner Top 100 is the ranking of the largest container or liner operators in terms of global capacity, taking into account the fleets of virtually all of the container operators worldwide.

Based on the provided data, the IRISL’s capacity now takes up 0.7 percent of world’s shipping lines, up 0.3 percent from the last year report.

In 2018, IRISL stood at the 19th place in Alphaliner’s Top 100 ranking, while the company held the 22nd place in its preceding year.

The IRISL Group currently owns 50 vessels with a total capacity of 154,415 TEU. Of the mentioned vessels, 46 are owned by IRISL and four of them are leased.

As the world’s largest container shipping company, the Danish Maersk is ranked first in the list of the world’s top 100 container/liner operators with 716 vessels and a total capacity of 4,146,098 twenty-foot equivalent unit (TEU).

Geneva-based Mediterranean Shipping Company (MSC) holds the second-highest place in the list. The company owns 536 ships with a total container capacity of 3,402,000 TEU.

With 474 vessels and a total capacity of 2,895,058 TEU, the Chinese state-owned China Ocean Shipping Company, known as COSCO or COSCO Group is the world’s third biggest shipping company while the French company CMA CGM holds the fourth place with 521 ships and a capacity of 2,689,265 TEU.

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