Amidst War, Iran's Merchant Fleet is Enjoying Boom Times
The merchant marine tends to sail on regardless in time of war, notwithstanding the risk. As the risk goes up, so do cargo rates. And so also does demand for the goods being carried. For ships of the Iranian merchant navy, dominated by the state-owned but US-sanctioned Islamic Republic of Iran Shipping Lines (IRISL) and its subsidiaries, the current war is no exception. Business is booming. The immediate evidence is on show in Iran’s ports. Since the start of the...
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