IRISL Shipping Revenues Surpass $770 Million in Year to June 20

The Islamic Republic of Iran Shipping Lines earned $778 million from shipping activities during the year ending June 20. 
According to a report read by IRISL senior officials at the company’s annual general meeting, a mandatory yearly gathering of the company’s interested shareholders, Iran’s top shipping company transported 23 million tons of cargo over the period, despite facing harsh US sanctions and the outbreak of coronavirus. 
Of its subsidiaries, Khazar Sea Shipping Lines, transported 1.7 million tons of cargo, Bulk Carrier Company accounted for 60 billion ton-miles and Container Transportation Company transported 626,000 TEU containers over the year to June 21. 
IRISL Multimodal Transportation Company handled 977,000 tons of bulk goods and 2,183 TEU containers over the period. It accounted for 20% of transportation handled by all Iranian major ports during the period, with a 19% share in southern ports’ market and 27% of northern ports’ market. 
The company purchased 303,000 tons of low-sulfur fuel for use by ships worth $145 million during the period.