Iran to establish petrochemical shipping firm
by ChemOrbis Editorial Team - content@chemorbis.com
According to Iran’s local media, the country is planning to set up a new shipping firm to manage the country’s petrochemical exports.
According to the plan put forward by Iran’s Petrochemical Commercial Company, petrochemical producers should collaborate on forming a joint shipping company to reduce shipment costs.
Iran’s domestic petrochemical producers reportedly spent $1.5 billion for the shipment of petrochemicals last year, which amounts to nearly 15% of the country’s exports revenue.
The country’s two major shipping firms include the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC).
According to the plan put forward by Iran’s Petrochemical Commercial Company, petrochemical producers should collaborate on forming a joint shipping company to reduce shipment costs.
Iran’s domestic petrochemical producers reportedly spent $1.5 billion for the shipment of petrochemicals last year, which amounts to nearly 15% of the country’s exports revenue.
The country’s two major shipping firms include the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC).
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