Lloyds Loading List on 21st May reported that a new analysis by Drewry finds that while sanctions against Russia and Iran will have little direct effect on demand growth in the container segment, future growth opportunities will be stifled.  It comments that neither Russia nor Iran had regained throughput to match their pre-sanctions peaks, with Iran’s representing only 90% of its 2011 peak and Russia’s representing only 87% of its 2013 record year.  Before the imposition of sanctions, however, both countries had been growing rapidly, with Iran’s container ports recording a 5-year compound average growth rate of 18% and Russia recording a 5-year CAGR of 9% before limited sanctions were imposed in 2014.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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