NOURNEWS- The Islamic Republic of Iran Shipping Line Group (IRISL) is launching a direct shipping route between the southeastern port of Chabahar to the port of Nhava Sheva in India’s Mumbai.
The direct shipping route will be aimed at frequenting Chabahar, Iran’s only oceanic port located on the Sea of Oman, and to help activity increase in the trade gateway, the IRISL said in a statement.
The statement added that the route from Chabahar Port's Shahid Beheshti Terminal and Nhava Sheva Port in India will reduce the transportation time between Iran and India to five days and will offer very competitive prices to the businesses.
“It is expected that it can have a major impact on the expansion of trade and strengthening the regional and extra-regional position of the port of Chabahar,” it said.
The IRISL has already launched direct shipping routes between Chabahar and ports in China, a move it says has led to a five-fold increase in activity in Chabahar this year compared to 2022, Press TV reported.
The company says its ships transport cargoes between Shahid Beheshti Terminal in Chabahar Port and Chinese ports in a more cost-effective manner in 12 days.
India itself has a stake in the development of Shahid Beheshti Terminal in Chabahar, and it has committed to over $200 million worth of investment in the port as it seeks easier transit access to Afghanistan and landlocked countries in Central Asia via Iran.
Reports published in recent weeks in the Iranian media have suggested that Iran and India are finalizing a revision of a contract they signed in 2016 to jointly develop the Chabahar port, the statement added.
NOURNEWS